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View all search resultsA delegation of Indonesian business groups signed five memorandums of understanding (MoUs) with Brazilian counterparts at the Indonesia-Brazil Business Forum in Rio de Janeiro on Sunday, which if they are seen through as outlined, could be worth a combined US$2.65 billion.
Among the measures that Indonesia will implement as part of its effort to halt global warming to less than 1.5 degrees Celsius above pre-industrial levels is to push for energy transition to renewables and reforest more than 12 million hectares of degraded land.
Indonesia may have made a poor showing by sending low-ranking officials to COP16, but seeing as the President's brother is leading the delegation to COP29 later this month, this could be a sign that the government is finally getting serious about the country's positioning on global climate issues.
Businessman Hashim Djojohadikusumo, who has been appointed special presidential envoy for energy and the environment, will lead the Indonesian delegation at the United Nations climate summit in Azerbaijan, slated for Nov. 11 to 22.
The housing minister has revealed that the 2025 budget allocation for building 3 million new homes is a little less than one-third of last year's, compared to his estimated fund of Rp 23.32 trillion required to meet the target.
A top adviser to President Prabowo Subianto says the government will issue a presidential regulation to cancel the debts of some 6 million borrowers to allow them to obtain loans from banks instead of loan sharks or peer-to-peer lending platforms.
The president-elect’s top adviser, Hashim Djojohadikusumo, says the incoming administration will seek to build 3 million housing units per year, and smaller businesses rather than big construction conglomerates are set to get the largest part of the pie.
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