Dirgantara Indonesia Inks $150m MRO Contract for C-130 Planes

Under the agreement, Dirgantara will be responsible for overall MRO support and ensuring the readiness of C-130 planes.

#MANUFACTURING

EU Ban on Russian Coal Drives Growth in Indonesian Mining Sector

Europe's decision to ban Russian coal has driven the foreign demand for the black rock and consequently expanded Indonesia's mining sector.

AUGUST 05 #ECONOMY

Indonesia's Economy Expands 5.44% in 2nd Quarter, Exceeding Expectation

Windfall revenue from commodity exports and strong consumption during the Islamic festive season drive the growth.

AUGUST 05 #ECONOMY

Jokowi Brings Back $11.9b in Investments from Japan, S. Korea

Japan and South Korea have been Indonesia's major sources of foreign direct investments in the past few years.

JULY 29 #ECONOMY

Toyota to Increase EV Investment in Indonesia

The company would increase its investment in electric vehicle production in Indonesia by Rp 27.1 trillion ($1.8 billion) until 2027.

JULY 28 #CORPORATE NEWS

China Agrees to Increase CPO Imports from Indonesia

The plan should help pare down the Southeast Asian producer's surplus inventories and prop up the commodity's prices for local farmers.   

JULY 27 #COMMODITY

Mitsubishi Pledges $666m Investment, Tests xEV Use in Indonesia

The government welcomed Mitsubishi's plan and promised to provide support for the company.   

JULY 26 #CORPORATE NEWS

Coal Magnate Boy Thohir Chairs China Committee, Seeks to Strengthen Bilateral Ties

The committee holds a strategic position in facilitating more than $100 billion in trade and investment between Indonesia and China.

JULY 25 #TRADE

ADB Upgrades Indonesia's Growth Projection to 5.2% in 2022 Amid Developing Asia Slowdown

Indonesia is one of the few countries in developing Asia and the Pacific that managed to shield itself from global economic setbacks.

JULY 21 #ECONOMY

Y20 Summit: ILO Calls for Formalization of Informal Economy

Formal registration of enterprises needs to be as simple as possible, according to ILO director-general Guy Ryder.

JULY 20 #ECONOMY

Indonesia FDI Accelerates to a New Record High in Q2 2022

Strong investment inflow highlights the country's robust economic recovery after two years of the Covid-19 pandemic. 

JULY 20 #ECONOMY

40m Vehicles Operate on Indonesian Roads with $6.67b Tax Bills Unpaid

The police, governments, and insurers lost a key funding source to provide transportation services and protection to road users.

JULY 19 #POLICY

Zero Export Levies Give Second Wind for Palm Oil Producers

The government dropped export levies in a move to increase exports and reduce the country's high palm oil inventories.

JULY 19 #COMMODITY

Carbon Tax in 2022 Is Still on The Table Despite Delays

Carbon tax has been delayed two times in April and earlier this month due to inflation and global recession concerns.

JULY 15 #ENVIRONMENT

Jokowi Is Optimistic Indonesia to Reach 5.1% Growth in Q2

The optimism is supported by increasing public consumption and investment amid robust investors' confidence in the country. 

JULY 14 #ECONOMY

Indonesia Delivers First Shipment of Chicken Carcasses to Singapore

Singapore turned to Indonesia for its chicken meat supplies after Malaysia abruptly halted the exports of chicken-based commodities.

JULY 13 #COMMODITY

Jokowi Recalls Past Experience with Government

The president said he had first-hand experience with how difficult it was to obtain a business permit from authorities.

JULY 13 #POLICY

G20 to Tackle Soaring Global Food Price

Global wheat supply from Russia and Ukraine had been hindered by their war and Western subsequent sanctions against Russia.

JULY 09 #COMMODITY

Telkomsel’s Investment in Gojek Is Key to Stay Competitive in Global Stage: Economist

This type of investment is executed by Telkom and other companies in the global market to stay competitive.

JULY 08 #CORPORATE NEWS

Forex Reserves Moves Up in June, but Further Rupiah Depreciation Expected

Ample reserves give assurance to financial system stability amid further rupiah depreciation.

JULY 07 #ECONOMY