Political goals control Indonesia’s sovereign wealth fund
Since its foundation in February 2021, the fund has dealt with a wide range of projects, from toll roads and airports to tech companies.
Vincent Fabian Thomas
Indonesia’s Garuda set to be profitable again next year
The ministry’s calculation assumes that Garuda would generate $3.6 billion in revenue next year, which would rise to $4.6 billion three years later.
Indonesia’s new crypto rules will create frictions but protect investors: Analysts
The regulation will require crypto exchanges to meet requirements such as certain minimum transaction levels and a minimum of Rp 100 billion in capital.
Indonesia’s shift to electricity means shift to coal, critics warn
The government is pushing consumers to rely more on electricity and less on oil or gas, but experts have insisted the move means little more than shifting from one fossil fuel to…
Time to switch rides as fuel gets pricey, EV carmakers say
Electric vehicle owners, in contrast to traditional automobiles, can charge their vehicles at affordable electricity prices, whether at home or at public charging stations.
Indonesia’s airlines look to bright future but high costs stand in their way
Indonesia's airlines look to bright future but high costs stand in their way
Indonesia weighs $13 billion subsidy hike to keep fuel cheap
While fiscal consolidation remains on track, the move would see the government take another chunk out of the state’s windfall revenue from commodity exports to keep fuel cheap.
Indonesia to scrap subsidy for bulk cooking oil
Bulk cooking oil held a lion's share of 62 per cent of total domestic cooking oil demand, with small businesses and lower-income families its main consumers.