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Pertamina corruption trial: 9 jailed in Indonesia over US$17 billion state loss
BusinessSCMPchannel-news-asia5d ago2 sources

Pertamina corruption trial: 9 jailed in Indonesia over US$17 billion state loss

An Indonesian court has jailed nine people in a major corruption case involving subsidiaries of state energy firm Pertamina, including two former chief executives of its units, which prosecutors say caused US$17 billion in state losses. The case, which centres on alleged illegal leasing of a fuel terminal and illegal imports of crude oil, among other offences, is one of the biggest launched under the administration of President Prabowo Subianto, who has vowed to eradicate corruption. The nine...

PoliticsSCMP8d ago

Why Indonesia’s Muslim groups are revisiting Palestinian issue, ‘Board of Peace’

Indonesia’s largest Islamic organisations appear to be recalibrating their stance on Palestine by softening earlier criticisms of President Prabowo Subianto’s decision to join US President Donald Trump’s “Board of Peace”, in what analysts describe as a shift from prioritising Palestinian independence to broader security issues. The adjustment, which followed a closed-door meeting at the presidential palace earlier this month, has fuelled a debate on whether major Muslim groups are being nudged...

US and Indonesia Sign Tariff Reduction Deal
BusinessReutersBBCbloomberg+2NYTFT12d ago5 sources

US and Indonesia Sign Tariff Reduction Deal

The US and Indonesia have signed a deal to reduce tariffs, with Washington setting a 19% tariff on most Indonesian goods in exchange for lower trade barriers for US goods.

Indonesia’s US$1.67 billion China-backed dam is in limbo. Why?
WorldSCMP16d ago

Indonesia’s US$1.67 billion China-backed dam is in limbo. Why?

After deadly floods and landslides swept through Sumatra last year, Indonesia’s government has moved to revoke permits blamed for damaging forests – ensnaring a flagship China-backed hydropower project and rattling investor confidence in one of Southeast Asia’s fastest-growing renewable energy markets. The decision, unveiled last month by President Prabowo Subianto’s administration, has been welcomed by environmental groups as a long-awaited show of teeth. But it has also raised questions about...

Indonesia, an unlikely staunch backer of Trump's Gaza plan?
PoliticsFrance 248d ago

Indonesia, an unlikely staunch backer of Trump's Gaza plan?

Indonesia's Prabowo Subianto was quick to accept US president Donald Trump's offer for a place on the ‘Board of Peace’ and has since said it is preparing to deploy some 8,000 peacekeeping troops, as part of Trump's postwar plan for Gaza, a move that has irked many Indonesians, who are traditionally firm supporters of Palestine. Emerald Maxwell takes a look.

Why Prabowo’s push for clay roofs in ‘rusty’ Indonesia may face a brick wall
PoliticsSCMP12d ago

Why Prabowo’s push for clay roofs in ‘rusty’ Indonesia may face a brick wall

Indonesia’s President Prabowo Subianto has called for a nationwide drive to replace corrugated zinc roofs with clay tiles, saying he wants the country to shed what he describes as a “rusty” image while also cooling homes, reviving a struggling industry and making the country more attractive to tourists. But analysts warn that the plan – dubbed gentengisasi, or mass roofing – could strain the environment, require costly structural upgrades and receive a lukewarm reception in regions outside...