ON BUSINESS

#ECONOMY

ADB Upgrades Indonesia's Growth Forecast

ADB projected the largest economy in Southeast Asia would expand by 5.4 percent this year, up from its previous projection of 5.0 percent.

21 September 2022 | 02:42 PM

#CORPORATE NEWS

Astra Makes a Move to Conquer Digital Bank Landscape

Astra and its fintech partner WeLab completed Bank Jasa Jakarta's acquisition to establish a new digital bank.

19 September 2022 | 02:37 PM

#COMMODITY

Jokowi Bans New Coal-Fired Power Plants, With Few Exceptions

Ongoing coal-fired power plant projects or ones tied to National Strategic Projects can continue construction.

15 September 2022 | 11:46 AM

#ENERGY & MINERALS

Presidential Decree on Coal Phase-out Comes Together with EV Mandate

According to the decree, coal-burning power plants should no longer exist by 2050.

15 September 2022 | 11:26 AM

#CORPORATE NEWS

Wika to Introduce Less Expensive Electric Motorcycle

Wika claims to control 26 percent of Indonesia's total market share of all-electric motorcycles today.

14 September 2022 | 01:36 PM

#CORPORATE NEWS

Builders Begin to Secure Contracts from the Nusantara Project

The government's development project for Nusantara, Indonesia's new capital, has started to grant contracts to listed state-owned builders.

13 September 2022 | 11:42 AM

#ENERGY & MINERALS

Luhut Makes Push for Gasoline Car Restrictions 

Luhut said the average fuel consumption reaches 1,500 liters for a car and 305 liters for a motorcycle a year.

11 September 2022 | 11:41 PM

#ENERGY & MINERALS

Pertamina Trials Fuel Restrictions at Gas Stations

The sale of subsidized gasoline product Pertalite is limited to 120 liters per vehicle per day.

10 September 2022 | 12:49 PM

#ECONOMY

Indonesia's Foreign Exchange Reserves Unchanged in August

The result halted eight consecutive months of decline, highlighting Indonesia's resilience against rising global financial market volatility

07 September 2022 | 12:25 PM

#COMMODITY

Vale Indonesia Inks $2.1b Ferronickel Project Deal with China's Baowu Steel

The new plant will be able to produce ferronickel with 73,000 to 80,000 metric tons of nickel content a year.

06 September 2022 | 10:58 PM