Russia Ready to Boost Oil Supplies to Indonesia, Putin Tells Prabowo

Putin tells Prabowo that Russia is ready to ramp up oil and LNG supplies to Indonesia.

Business

Indonesia’s Bumi Resources to Acquire Australian Gold and Copper Miner Wolfram Limited

The acquisition is Bumi's strategic move to expand into critical minerals amid growing global demand for green energy transition metals.

Business

Morowali Industrial Park Pledges Reforms After Environmental Warning from Minister

Despite the setback, Dedy stressed that IMIP uses advanced technology to reduce emissions from its nickel smelters.

Business

Russia's Economy Minister Says the Country Is on 'The Brink of Recession'

High defense spending has propelled growth and kept unemployment low in Russia despite fueling inflation.

Business

Indonesia’s Biggest Solar Panel Factory Begins Operation in Kendal SEZ

Indonesia opens its largest solar panel factory in Kendal SEZ to drive renewable energy, backed by Trina Solar and Sinarmas Group.

Business

Indonesia Drops 13 Places in IMD's Global Competitiveness Ranking

Indonesia slips 13 places to 40th in the 2025 World Competitiveness Ranking, falling behind Malaysia amid infrastructure and policy gaps.

Business

PLN Posts $33b Revenue in 2024, But Profit Drops 19.5%

PLN booked Rp545.4t in revenue for 2024, up 11.9% from last year, while net profit dropped 19.5% to Rp17.76t

Business

Minister Defends Controversial Mini-Home Design, Says No Final Decision Made

The proposed design calls for subsidized homes as small as 18 square meters of building space on 25 square meters of land.

Business

Bank Indonesia Holds Benchmark Rate at 5.5 Pct

Bank Indonesia keeps key rate at 5.5%, citing stable inflation and rupiah.

Business

Danantara Redefines How Indonesia Funds SOEs

Danantara reshapes SOE funding by reinvesting Rp150t in dividends into strategic projects, ending reliance on direct state budget support.

Business

Trump’s Tariffs Trigger Sharp Drop in Japan’s US Auto Shipments

Japan logs $4.4B trade deficit in May as US auto tariffs imposed by Trump slash car exports by nearly 25%, deepening economic strain.

Business

Indonesia, Pertamina on Alert as Iran-Israel Conflict Drives Up Oil Prices

Indonesia braces for economic fallout as the Iran-Israel war pushes oil prices higher; Pertamina ramps up monitoring of supply routes.

Business

Indonesia’s Government Debt Jumps 164% to $21b in 5 Months

Indonesia’s government debt hits Rp 349.3T in Jan–May 2025, up 164% YoY, signaling mounting fiscal pressure despite surplus claims.

Business

Iran Wants Indonesia to Boycott Israeli Goods as War Rages On

Iran says Muslim nations like Indonesia must not stop at declarations, but also to exert economic pressure on Israel.

Business

Danantara, INA Invest in Chandra Asri's $800m Chemical Plant

Danantara, INA, and Chandra Asri invest $800M in CA-EDC plant to slash imports, boost exports, and strengthen Indonesia's industrial base.

Business

Prabowo Says Danantara Copies Singapore’s $303 Billion Temasek ‘With Pride’

Prabowo admits to having copied Singapore’s Temasek while hoping to strike a Danantara deal.

Business

BCA Reports Rp 25 Trillion in Net Profit Through May 2025, Driven by Dividends and Cost Efficiency

Even without factoring in dividends, BCA’s net profit still posted a solid 10.12 percent year-on-year increase.

Business

Indonesia Lifts Quota on Live Cattle Imports to Boost Meat and Dairy Supply

Indonesia plans to import up to 2 million live cattle over the next five years, including 1.2 million dedicated to dairy production.

Business

Qatar’s Barzan Doubts ‘Big Market’ Indonesia Will Put Brake on Its Defense Investment

According to Barzan Holdings, Indonesia's defense investment will remain unaffected by economic hurdles.

Business

Indonesia Says Domestic Output Can Cushion Oil Price Shock After Israeli Strike on Iran

Indonesia says rising domestic oil output helps cushion global shock after Israel’s strike on Iran sends crude prices surging over 7%.

Business
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