Pertamina CEO Apologizes Over Public Concerns of Fuel Blending
State-owned energy company PT Pertamina CEO Simon Aloysius Mantiri issued a formal apology for public concerns over alleged corruption in crude oil and refinery product management.
Category 'Economy'
Economy
Economy
Domestic Airfares Drop 13-14% for Eid Travel: Transportation Minister
Minister of Transportation Dudy Purwagandhi announced a 13-14% reduction in domestic economy-class airfares during the 2025 Eid travel period to ease costs for passengers. Learn more.
Economy
PT KAI Prepares 3.4 Million Long-Distance Train Tickets for Eid Travel
State-owned railway company PT Kereta Api Indonesia (KAI) has allocated 3,443,832 long-distance train tickets for Eid Al-Fitr travel from 21 March to 11 April 2025, to accommodate increased demand. Read more.
Economy
Govt Reduces VAT on Domestic Flights for 2025 Eid Homecoming
The government will cover part of the Value Added Tax (VAT) on domestic economy-class flights during the 2025 Eid Al-Fitr homecoming period. Learn more.
Economy
SOEs Minister to Review Pertamina After Patra Niaga Scandal
The government has announced a full-scale review of state-owned energy company PT Pertamina (Persero) following a corruption scandal involving senior executives at PT Pertamina Patra Niaga, Pertamina International Shipping, and Kilang Pertamina Internasional. Learn more.
Economy
Electricity Tariffs Return to Normal in March 2025: PLN
State electricity provider PLN confirmed that starting 1 March 2025 electricity tariffs will return to normal, following the end of the government’s temporary discount program. Learn more.
Economy
President Prabowo Orders Toll and Airfare Reductions for Ramadan and Eid Travel
President Prabowo Subianto has directed a temporary reduction in toll fees and airfare to facilitate public mobility during Ramadan and Eid Al-Fitr this year. Learn more.
Economy
IDX CEO Explains IHSG Decline
Indonesia Stock Exchange (IDX) CEO Iman Rachman attributed the Jakarta Composite Index (IHSG) decline to global and domestic factors.
Economy
INP Chief Guarantees Food Prices Will Match Ceiling Rates During Ramadan
Indonesia’s National Police Chief General Listyo Sigit Prabowo has guaranteed that the prices of rice and essential food items during Ramadan will comply with the government’s highest retail price regulations. Learn more.
Economy
Energy Ministry to Form Team to Ensure Fuel Meets Specifications
The Ministry of Energy and Mineral Resources will form a dedicated team to verify fuel quality following alleged corruption in Pertamina’s oil imports, which reportedly cost the state US$12 billion. Learn more.
Economy
Apple Secures Deal to Market iPhone 16 in Indonesia
Apple has reached an agreement with the Indonesian government, allowing the tech giant to market the previously banned iPhone 16 series.
Economy
Jakarta to Create 500,000 Jobs for High School, University Graduates
The Jakarta administration plans to generate 500,000 jobs for high school and university graduates, Deputy Governor Rano Karno revealed the initiative at the 2025 Jakarta Job Fair in East Jakarta on Wednesday (26/2/2025).
