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Opinion 1 month ago
PREMIUM
Analysis: Financial Services Authority moves toward industry consolidation
The Financial Services Authority (OJK) has urged banks classified in core capital bank group (KBMI) 1, or banks with up to Rp 6 trillion (US$355 million) in capital, to strengthen their capital position or consolidate with other banks, as part of its longer-term aim to eliminate the KBMI 1 classification altogether. The policy aims to enhance banks’ capacity, performance and service quality and enable them to scale up while maintaining operational security and efficiency.
Opinion 2 months ago
PREMIUM
Analysis: Weak import governance undermines steel industry
Indonesia's ambition to strengthen its domestic steel industry is being quietly undermined from within. While policymakers continue to champion downstream industry development, industrial resilience and import substitution, recent findings by the Supreme Audit Agency (BPK) reveal troubling weaknesses in steel import governance. The problem extends beyond illegal imports, pointing instead to regulatory gaps, weak inter-ministerial coordination and administrative failures that continue to erode the credibility of Indonesia's industrial policy.
Economy 3 months ago
PREMIUM
Why cacao-rich Indonesia is not (yet) a global chocolate producer
Building on its decades-old role as a major cacao producer, Indonesia wants to push into the global chocolate market with a comprehensive supply chain from plantations via processing facilities to factories, but some key hurdles lie in the way.
Companies 3 months ago
COP30: industry-led innovation strengthens Indonesia’s Second NDC
Indonesia has reaffirmed its commitment to addressing global climate change through its Second Nationally Determined Contribution (NDC), aiming to peak its greenhouse gas emissions at 1.3–1.4 gigatons CO₂e by 2030, equivalent to an 8 to 17 percent reduction from the 2030 emissions trajectory outlined in the Enhanced NDC.
Academia 3 months ago
PREMIUM
Whoosh and the missing ingredients of development-led infrastructure
There is a policy vacuum in the land use and zoning of the Jakarta-Bandung high-speed railway project, as most developments along the route focus on real estate rather than multimodal access or job creation.
