United Tractor's EPN Completes Rp 1.25 Trillion Acquisition of Geothermal Company SERD
Energia Prima Nusantara (EPN) has completed the acquisition of geothermal company Supreme Energy Rantau Dedap (SERD) shares totaling Rp 1.2t
BusinessForeign Meddling Threatens Indonesia's Industrialization Agenda, Investment Minister Warns
Investment Minister Bahlil Lahadalia has revealed that certain countries are making attempts to thwart Indonesia's industrialization efforts
BusinessHyundai-LG Karawang Plant to Produce EV Batteries in April
Once it begins production, Indonesia is expected to be Southeast Asia’s first EV battery cell producer.
BusinessBapanas Chief Defends Decision to Raise Rice Price
Head of Bapanas, Arief Prasetyo Adi, said that the decision to increase rice prices was to ensure the availability of rice stock.
BusinessBSI Still Waits for Saudi Arabia’s Nod to Open Branch
If approved, this will become BSI’s first branch office in Saudi Arabia.
BusinessGov't VAT Incentives Drive Housing Demand by 27 Percent: Pinhome
In 20203, the government introduced incentives in the form of a full VAT exemption for the purchase of the first home worth Rp 2 billion.
BusinessJakarta SMEs Struggle with Eid Bonus Payouts
Micro and small-scale businesses in Jakarta are encountering challenges in disbursing Eid bonuses (THR) due to decline in purchasing power
BusinessIndonesia Receives Deliveries of Rice Purchased from Neighboring Countries
In the past week alone, two vessels from Thailand and Myanmar docked at Probolinggo, bringing a combined total of 8,200 tons of rice.
BusinessMonopoly Watchdog Issues Warning to Airlines Over Ticket Pricing
The Competition Supervisory Commission has issued a stern warning to seven airlines against unjustified price hikes before Eid al-Fitr.
BusinessFitch Ratings Affirms Indonesia's 'BBB' Rating with Stable Outlook
Fitch Ratings has affirmed Indonesia's credit rating at 'BBB' with a stable outlook.
BusinessGovernment Prepares Rp 99.5 Trillion in Bonuses for Civil Servants
These additional payments encompass both the Ramadan bonus and the so-called 13th salary, covering both basic salaries and benefits.
BusinessIndonesia, Sri Lanka Launch Preferential Trade Agreement Negotiations
Indonesia and Sri Lanka have been eyeing a trade agreement since 2017.
BusinessIndonesia's CPO Exports Plummet Over 30 Percent in February
Indonesia's exports of crude palm oil (CPO) and its derivatives in February decreased by more than 30 percent to $1.20 billion
BusinessIndonesia Denies Importing Dates from Israel
Indonesia denies Friday importing dates from Israel, arguing that it mainly buys the fruit from Tunisia and Egypt.
BusinessJokowi and Zulkifli Hasan Monitor Food Markets Amid Rising Prices
In recent weeks, the prices and supplies of staple food commodities have been under scrutiny due to scarcity and high prices.
BusinessIndonesia's Trade Surplus Narrows in February 2024 Due to Declining Exports
Indonesia's trade balance in February 2024 showed a surplus for the 46th month in a row.
BusinessBCA Shareholders Agree on $2.1 Billion Dividend Payout
The dividend payout accounts for 68.47 percent of the Rp 48.6 trillion net profit in 2023
BusinessIndonesia, New Zealand In Talks to Mutually Recognize Halal Certificates
Last year, BPJH signed deals on halal cooperation with their foreign counterparts, including those from New Zealand.
BusinessIndef Predicts Slower Economic Growth for Indonesia in 2024
Indef predicts that economic growth in 2024 will only reach 4.8 percent, falling below the government's target of 5.2 percent.
BusinessJokowi Inaugurates Red Cooking Oil Plant in North Sumatra
President Joko "Jokowi" Widodo inaugurated a pilot plant for red cooking oil in Deli Serdang Regency, North Sumatra.
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