Indonesia to Prioritize 70% of Mineral Output for State Benefit: Prabowo
Indonesian Defense Minister Prabowo Subianto has instructed relevant agencies to ensure at least 70% of the nation's mineral output benefits the state. This move signals an effort to more effectively utilize natural resources and maximize economic gains.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Indonesia's Stock Market: Testing True Resilience Amidst Volatility
Indonesia's stock market has navigated numerous crises over decades, yet recent volatility highlights the need to assess its 'true resilience' beyond mere index movements, focusing on trading quality and infrastructure functionality.
- Tax Revenue Shortfall Sparks Criticism: Economist Urges Tangible Benefits for Public
Indonesia's Finance Minister faced criticism after appealing to the public to cover a Rp514 trillion tax revenue shortfall by 2026. An economist argued that public willingness to pay taxes depends on tangible benefits, urging the government to demonstrate how tax money serves the public.
- Indonesian Muhammadiyah Leader: Economic and Political Oligarchy Fuel Social Inequality
The leader of Muhammadiyah, Indonesia's largest Islamic organization, stated that economic and political oligarchy is widening social disparities. This statement highlights a significant societal issue amidst growing concerns over income inequality and unequal opportunities within the country.
- JP Morgan Recommends Accumulating Indofood Shares, Citing Undervaluation
JP Morgan has recommended investors accumulate shares of PT Indofood CBP Sukses Makmur Tbk (ICBP), citing current undervaluation and strong financial performance. The firm highlighted robust growth in the instant noodle and dairy segments.