Danantara Set for Launch on Feb. 24 with $20 Billion Initial Capital

President Prabowo Subianto will launch the much-awaited investment superholding Danantara on Feb. 24.

Business

Sri Mulyani: 2026 State Budget to Follow 2025 Austerity Measures

Finance Minister Sri Mulyani Indrawati confirms Indonesia’s 2026 state budget will follow 2025 efficiency measures.

Business

International Delegation Inspects Progress of Nusantara Development

Indonesia has received various forms of assistance from at least 20 countries in the ongoing Nusantara construction.

Business

Gov’t Offers Free Land to Foreign Countries for Embassies in Nusantara Before 2028

The offer was made by Basuki Hadimuljono, head of the Nusantara Authority, during a gathering with envoys and foreign guests.

Business

Manpower Minister to Launch Career-Ready Program for School Graduates

The program will provide soft skills training and industry-specific skills to help recent graduates identify suitable career paths.

Business

Manpower Ministry Calls on Police to Crack Down on Factory Raids and Vandalism

There have been multiple reports of labor unions and other groups storming factories and forcing on-duty workers to join strikes.

Business

Freeport Indonesia Delivers First Gold Bars to Antam to Mark New Milestone

Freeport becomes Indonesia’s first fully integrated mining company, capable of refining anodes from impure metals into gold bars.

Business

Coal Exporters Brace for New Pricing Rule as Indonesia Moves to Enforce HBA

Indonesia plans to enforce HBA pricing for coal exports. Aspebindo backs the move, urging a Green Coal Index.

Business

Turkish Defense Firm Baykar Inks Deal to Build Drone Factory in Indonesia

Baykar has partnered with Indonesian defense holding Republikorp to set up a joint venture for a local drone production.

Business

Public Works Ministry Cancels Maintenance Funds for 47,000 Kilometers of Roads

Public Works Minister Dody Hanggodo said the budget cuts would impact 24,600 construction workers.

Business

Turkiye’s Erdogan Wants A ‘Balanced’ $10 Billion Trade with Indonesia

Turkiye wants greater but a more balanced trade with Indonesia as Ankara runs a deficit when trading with Jakarta.

Business

BRI Reports $3.7 Billion Profit in 2024 on Strong MSME Lending

BRI (BBRI) posted a Rp 60.64 trillion ($3.7 billion) net profit in 2024, driven by strong MSME lending and digital banking growth via BRImo.

Business

Gov’t to Blacklist Sloppy Housing Developers

The government’s subsidy program aims to help low-income families purchase affordable homes while ensuring profitability for developers.

Business

Emirates Airlines Plans to Expand Operations in Indonesia

Indonesia, Emirates discuss adding more flights, larger aircraft to boost tourism and business travel in major cities like Jakarta, Bali.

Business

ICOPE 2025: Striking a Balance Between Palm Oil Growth and Sustainability

Indonesia pushes for sustainable palm oil at ICOPE 2025, balancing growth & environment with ISPO certification & eco-friendly practices.

Business

Sri Mulyani Assures Foreign Investors: Budget Cuts Won't Hinder Growth

Sri Mulyani highlights Indonesia's budget cuts at the Mandiri Investment Forum, focusing on public programs and driving economic growth.

Business

OJK Introduces New Crypto Listing Rules After Taking Over from Bappebti

OJK introduces new crypto trading rules after taking over from Bappebti, focusing on investor protection, transparency, and market stability

Business

Minister Bahlil Suspends Oil and Gas Director-General Achmad Muchtasyar

He didn’t mention the new role for Achmad, who had led the oil and gas directorate general for less than a month before his removal.  

Business

EU Vows Tough Countermeasures to US Tariffs

“Tariffs are taxes -- bad for business, worse for consumers,” von der Leyen said.

Business

JCI Drops 2% to 18-Month Low; IDX Chief Calls It "Time to Buy"

Jakarta Composite Index falls 2% to 6,513, hitting an 18-month low. IDX Chief urges investors to buy blue-chip stocks

Business
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