Monday, October 2, 2023
Indonesia Business Post Media Group aims to promote Indonesia’s business transparency and investment opportunities to global companies and investors. We provide information on business intelligence and opportunities within Indonesian political changing-driven international business context.

The Indonesian government has officially prohibited social commerce platforms, such as TikTok Shop, from acting as producers and facilitating payment transactions on their platforms. 

The Indonesia Stock Exchange (BEI) has reported an impressive start to carbon trading, with transaction values reaching IDR 29.2 billion on the first trading day, September 26, 2023.

The Indonesian Capital City Authority (IKN) has come under scrutiny regarding land usage rights, commonly known as Hak Guna Usaha (HGU), in the proposed new capital of Indonesia. 

Domestic investors are showing a growing interest in investing in the Indonesian Capital City (IKN). This enthusiasm involves ten prominent entrepreneurs with a combined investment value of IDR 20 trillion.


Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) – which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan – has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.

Image: @Bayan resource

PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.

Image: @Tribunnews

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion – or 74.4% of the target – both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.


PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company’s recurring income through managed services business model.

CEO of the high speed train stated that train attendants does not have to be able to speak mandarin. […]
Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, said that TikTok’s Chief Executive Officer (CEO), Shou Zi Chew did not object to the Indonesian government’s decision to issue regulations separating social media from e-commerce. […]
The Indonesian Supreme Court has instructed the Election Commission (KPU) to revoke two articles that made it easier for former convicts of corruption cases to run as legislative candidates. These two articles are Article 11 Paragraph 6 of Regulation No. 10 of 2023 and Article […]
Zulkifli Hasan, Minister of Trade has announced plans to mandate that foreign sellers in local online markets adhere to national standards. This requirement is part of the recently issued Regulation of the Minister of Trade No. 31 of 2023. […]

New opportunities

The Ministry of Public Works and Public Housing (PUPR) has initiated a tender for the construction of the VVIP airport in the IKN. The project has a budget of IDR 4.286 trillion, funded by the 2023 State Budget (APBN). The tender announcement was posted on […]
PT Indika Energy Tbk (INDY), owned Chairman of the Indonesian Chamber of Commerce and Industry by Arsjad Rasjid, established a new company, PT Industri Baterai Nusantara (IBN), specializing in the production of EV batteries, with a registered capital of IDR 45 billion. […]
Domestic investors are showing a growing interest in investing in the Indonesian Capital City (IKN). This enthusiasm involves ten prominent entrepreneurs with a combined investment value of IDR 20 trillion. […]
China is willing to further align its development strategy with Indonesia, enhance Belt and Road cooperation, and create high-standard and sustainable cooperative projects for the well-being of both nations. […]
Justin Trudeau, the Canadian Prime Minister has announced significant investments in Indonesia’s infrastructure through projects in Nusa Tenggara Timur and Maluku.  […]
The 43rd ASEAN High-Level Plenary Summit, has managed to conceive a framework on blue economy, which is the first ever in ASEAN. […]
President Joko Widodo said Indonesia aims to cut its fiscal deficit to less than 3% of its gross domestic product next year for the first time since 2019. […]
Indonesian government officials should remain vigilant against the potential threat to the state ideology, the nation’s peace and harmony, despite the decline in online radicalization following the defeat of the Islamic State of Iraq and Syria in the Middle East and worldwide. In an era […]
The program, dubbed the “Partnership for Global Infrastructure and Investment” (PGII), aims to mobilize $600 billion by 2027 in investments for infrastructure in developing countries with an emphasis on sustainable and secure development. Neither President Biden nor the White House fact sheet explicitly mentioned China […]
Governor of Bank Indonesia (BI) Perry Warjiyo gave the latest signal regarding the benchmark interest rate which is currently at its lowest level of 3.50 percent. According to Perry, the national economic condition is still conducive enough to continue the BI rate policy going forward. […]
Ex-terror convict Abu Bakar Ba’asyir, known as the spiritual leader of shadowy militant group Jemaah Islamiyah that aims to establish an Islamic state in Indonesia, did the unthinkable on Wednesday as he participated in the Independence Day ceremony at his boarding school in the Central […]
Both of United Kingdom and Germany also other Europe countries have been predicted they will go and meet energy crisis as the impacts of Russia’s invasion in Ukraine. The UK’s Green Party has proposed permanently nationalizing the country’s five major energy companies to ease the […]