When the U.S. government launched an investigation in 2024 into whether solar cells and panels from Cambodia, Malaysia, Thailand and Vietnam were being dumped into the American market at prices that made U.S. manufacturers unable to compete, operations in those countries quickly shifted elsewhere. Soon, imports from India, Indonesia and Laos started ratcheting up. The […]
ADB, Indonesia Achieve Milestone in Local Currency Loan Conversions – EQ
In Short : The Asian Development Bank and Indonesia have converted 27 sovereign loans into rupiah, reducing reliance on foreign currencies. This move enhances financial stability, minimizes exchange rate risks, and supports local capital market development. It aligns with ADB’s broader push for local currency financing across Asia, aiming to promote sustainable growth and attract […]
Indonesia will keep state utility’s monopoly on electricity, president’s aide says – EQ
In Short : Indonesia will retain the state utility PLN’s monopoly on electricity, as confirmed by the president’s aide. The move ensures government control over the sector, prioritizing stability, equitable access, and national energy goals. Critics argue it may limit innovation, but the government views it as essential for infrastructure development and energy sovereignty. Reforms […]
ADB, Indonesia Introduce Biodiversity Master Plan for Nusantara – EQ
In Short : ADB and Indonesia have collaborated to introduce a comprehensive Biodiversity Master Plan for the Nusantara region, aiming to safeguard and enhance the rich biodiversity of this ecologically significant area. In Detail : JAKARTA, INDONESIA : The Asian Development Bank (ADB) and the Government of Indonesia introduced the Biodiversity Master Plan for the […]
ADB, Indonesia Launch SDGs Baseline Report for New Capital City – EQ
In Short : The Asian Development Bank (ADB) and Indonesia have jointly launched a Sustainable Development Goals (SDGs) Baseline Report for the new capital city. This report serves as a foundational assessment, providing insights into the current state of key indicators related to sustainable development in the region. In Detail : BANGKOK, THAILAND : The […]
Indonesia launches $20 billion renewable energy investment plan – EQ
In Short : Indonesia, one of the world’s biggest greenhouse gas emitters, plans to increase the portion of renewable energy in its power generation to 44% by 2030 from around 12% in 2022. In Detail : JAKARTA : Indonesia launched on Tuesday its investment plan to mobilise $20 billion in financing pledged by global lenders […]
A plan for how Indonesia will spend $20 billion to transition to cleaner energy has been submitted – EQ Mag
JAKARTA, Indonesia : A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners, the planners said. Indonesia’s Just Energy Transition Partnership deal was announced last year and aims to use the funds over the next three to five years to accelerate […]
Indonesia seeks $700 million to install 200 MW of solar power – EQ Mag
JAKARTA : Indonesian state utility Perusahaan Listrik Negara seeks a $700-million investment to install a 200-megawatt (MW) solar panel that will replace diesel power generators in a bid to reduce carbon emission, the company said late on Saturday. The plan is part of its target to reach net zero carbon emissions by 2060. PLN has […]
Indonesia lowers VAT on electric vehicles to 1% – EQ Mag
A VAT cut was also applied to some electric buses Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production, The incentive came into effect this month and will remain […]
Singapore, Indonesia to build renewable energy industry in Batam – EQ Mag
Singapore and Indonesia plan to develop a renewable energy industry in Batam that will produce equipment and build power plants to supply electricity into Southeast Asia’s biggest economy and for export. Singapore and Indonesia will facilitate the development of solar farms and battery energy storage system (BESS) to supply renewable energy, and when viable, hydrogen […]