Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Developing mangroves for ecotourism in Bunting River
Bangka Belitung province is developing ecotourism in the mangrove area around Bunting River in Belinyu district, Bangka regency. The project was established in 2021 with an investment worth IDR11.78 billion to develop ecotourism in the region.
Bangka Belitung redevelops Pasir Padi Beach
The Investment Coordinating Board (BKPM) invested IDR10.2 billion to beautify the Pasir Padi Beach in Pangkalpinang, Bangka Belitung province, in 2021. The two-kilometer long white sand beach is facing the Natuna Sea.
Bangka Belitung builds a cold storage facility
BKPM recently 2021 established a new project on a cold storage facility in Bangka Belitung. Currently, since 2021 the province boasts a large fishing industry that keeps increasing its production. The cold storage facility which is worth IDR6.81 billion is needed to support the fishermen in a cold storage facility.
West Sumatra proposes natural dyeing for investment opportunity
West Sumatra is developing a natural dyeing for textile industry with an investment worth IDR189.15 billion. Kicking off in 2021, the textile sector will be an export opportunity of the province to first-world countries such as the United States, Canada, Australia, New Zealand and Japan.
Aceh Besar offers Ladong Industrial Center for investment opportunity
The Aceh Besar regency is establishing the Ladong Industrial Center, covering around 66.68 hectares with potential investment of IDR196.41 billion. It is located around 20 kilometers from Aceh capital, Banda Aceh.
North Sumatra offers investment opportunities
North Sumatra is aggressively offering investment opportunities in tourism, highlighting the IDR245.2 billion potential of Lake Toba resort and natural park. The province also offers IDR3.86 trillion investment in economic sector, particularly the aluminum extrusion industry.
President Jokowi hopes the plan to change pertalite prices should not lower people's purchasing power
President Joko Widodo (Jokowi) said the change in the price of pertalite fuel oil (BBM) will be carefully decided so as not to reduce people's purchasing power and hurt the country's economic growth. August 23 After attending an event at the Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta's Taman Mini Indonesia Indah on Tuesday, President Jokowi said the price change program for Pertalite has affected many people's lives and will continue to do so.
The challenges and opportunities of the new capital development in Penajam Paser Utara, East Kalimantan
President Jokowi said that it was time to move the capital because most of Indonesia's population resides in Java. The construction of the new capital, Nusantara, would encourage economic growth outside the island. Jokowi also said many countries were interested in investing in the project, including the United Arab Emirates, Japan, and Saudi Arabia.
Sharp allocates IDR582 billion to build AC factory
PT Sharp Electronics Indonesia invested IDR582 billion would build a new air conditioning factory at the Karawang International Industrial City (KIIC) in West Java on February 24, 2022.
Nickel and mining problems in Indonesia
Nickel giant Tsingshan Holding Group Co., owned by billionaire Xiang Guangda, is reportedly in talks to sell some of its Indonesian stainless steel assets to China Baowu Steel Group Corp, as part of a strategic review to people familiar with the negotiations. State-owned Baowu, the world's largest producer of crude steel, is likely to take control of part of the Tsingshan integrated production line at the Morowali Industrial Park in Central Sulawesi, Indonesia.
Effectiveness of coordinated Sulu Sea Trilateral Patrols in handling criminal activities
Defense ministers of Malaysia, the Philippines and Indonesia decided in March 2022 to expand the trilateral patrols of the Sulu Sea as an important step toward confidence-building and securing the safety trade routes at sea. The effectiveness of the patrols remain a question whereas there are improvements. But most importantly, it is seen as a symbol of unity.
The portrait of current Indonesia’s economic condition
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.