Business and Investment
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Government to review 280 PSN infrastructure projects for better synergy, efficiency
Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono (AHY), has revealed that the government plans to review 280 infrastructure projects listed under the National Strategic Projects (PSN) to synergize with existing infrastructure.
Prabowo’s, businessmen’ India visits spur key MoUs in tech, health
The visit of President Prabowo Subianto and a number of Indonesian businessmen to India has produced a number of Memorandum of Understanding (MoU) notes in various sectors from digital to health.
PHR discovers oil and gas potential in South Sumatra
PT Pertamina Hulu Rokan (PHR) through the drilling of the Rotan River Downloack-1 exploration well in the PHE Jambi Merang working area (WK) in South Sumatra found oil and gas resources from the Baturaja Formation Limestone.
Indonesia seeks US$1.1 T in investment for renewable energy transition by 2060
The Ministry of Energy and Mineral Resources (ESDM) is in need of US$1.1 trillion (Rp16,260 trillion) in investment to realize the national electricity general plan (RUKN) to establish a majority of new and renewable energy (EBT)-generated power plants by 2060.
Prabowo approves Rp48.8 T budget for IKN development for 2025-2029 phase
President Prabowo Subianto has set the development of the Nusantara Capital City (IKN) for the next five years, approving a total budget of Rp48.8 trillion (US$ 3 billion).
Government reaffirms commitment to IKN development despite budget adjustments
The Prabowo Subianto-Gibran Rakabuming Raka administration has maintained its commitment to continue the development of the Nusantara Capital City (IKN) although the portion of the State Budget (APBN) will be reduced in line with the State’s financial condition.
Govt asked to revoke controversial reclamation and sea sand mining regulation
The Indonesian Environmental Forum (WALHI) urges the government to abolish Government Regulation (PP) No. 26/2023 on reclamation and sea sand mining as it has the potential to damage the environment.
PLN looks to solar power plants amidst rare large area for EBT
State power utility PT PLN (Persero) noted that it has found obstacles in the development of new renewable energy (EBT) in Indonesia due to limited large areas available for the project.
Qatar augments housing development commitment in Indonesia
Fahri Hamzah, Deputy Minister of Housing and Settlement Areas, reveals that Qatar is committed to building six million homes in Indonesia, a considerable spike from earlier commitment of one million homes.
Indonesia lags behind in investment competition in SE Asia: Special Advisor
Special Advisor to the President for Economic Affairs, Bambang Brodjonegoro, admitted that Indonesia is still lagging behind in the competition to attract investment compared to other Southeast Asian countries.
Prabowo-Gibran's MBG pogram projected to increase to Rp420 trillion
One of the flagship programs of President Prabowo Subianto and Vice President Gibran Rakabuming Raka − the Free Nutritious Meals Program (MBG) − which has been operational since January 6, 2025, is projected to have a budget increase to Rp420 trillion (US$26 billion).
MIND ID plans expansion of SGAR Mempawah to boost production, save foreign exchange
Indonesia’s state-owned mining holding company, MIND ID, plans to increase the capacity of its smelter grade alumina refinery (SGAR) located in Mempawah, West Kalimantan.