Business and Investment
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Erick Thohir targets merger of three state-owned airlines by Q1 2025
Minister of State-Owned Enterprises (BUMN), Erick Thohir, has targeted the merger of three state-owned airlines − PT Garuda Indonesia, PT Pelita Air Service and PT Citilink Indonesia − in the first quarter of this year.
OJK plans SIPF for crypto investors, prepares for supervision shift in 2025
The Financial Services Authority (OJK) plans to create a Securities Investor Protection Fund (SIPF) institution which is currently being considered to provide protection for crypto investors in Indonesia.
China committed on US$7.46 billion investment in Indonesia: Rosan
Rosan P. Roeslani, Minister of Investment and Downstreaming/ Head of the Investment Coordinating Board (BKPM), revealed on Thursday, January 2, 2024 that several Chinese companies have expressed commitment to investing US$7.46 billion (Rp120.9 trillion) in Indonesia.
Prabowo cancels VAT rate increase, a New Year's gift to Indonesia
Coordinating Minister for Political and Security Affairs, Budi Gunawan, said President Prabowo Subianto gave a special gift for New Year's Eve 2025 to Indonesia by cancelling the planned increase of Value-added Tax (VAT) to 12 percent.
Govt to boost carbon exchange development through tax, emission regulations
Minister of Finance, Sri Mulyani Indrawati, has revealed the strategy to drive the development of carbon exchange in 2025, through the implementation of carbon taxes and sectoral emission regulations.
Prabowo announces planned expansion of oil palm plantations amidst growing demand
President Prabowo Subianto has revealed plan to expand oil palm plantations in Indonesia in an effort to meet demands of palm oil export that continuously increase annually.
IDX targets 66 IPOs in 2025 for boosting investor growth, market activity
Indonesia Stock Exchange (IDX) is targeting about 66 new companies which will conduct an initial public offering (IPO) in 2025, an increased of 6.45 percent from 62 companies in 2024.
Ministry holds Expose of 2024 Strategic Investment Downstreaming Study
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) held an Expose of the 2024 Strategic Investment Downstreaming Study in Jakarta, on Monday, December 23, 2024 attended by 150 participants from relevant ministries and institutions, business associations and actors, academics, as well as heads of Investment and One-Stop Integrated Services (DPMPTSP) and heads of Regional Development Planning Agencies (Bappeda).
Apple to invest US$1 B in Batam as part of its investment commitment in Indonesia
Apple plans to build a factory in Batam, Riau Islands, with an investment of US$1 billion (Rp16 trillion) after its investment plan was approved by President Prabowo Subianto.
Study reveals negative impacts of tax incentives for plastic industry, need of transparency
A number of tax incentives enjoyed by the plastic industry are considered to have negative impacts on the environment and state revenues according to a recent study by The Prakarsa.
SUN Energy-SMBC set up partnership to speed up energy transition in Indonesia
Solar energy developer PT Surya Utama Nuansa (SUN Energy) has established partnership with PT Bank SMBC Indonesia (SMBC Indonesia) through the provision of a US$10 million Multi Option Trade Facility for the procurement of raw materials and expansion of solar energy projects in the commercial and industrial (C&I) sector.
Rosan secures US$7.46 billion in investment commitments from Chinese firms
The recent meetings of Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani with eight Chinese giants in the electric car ecosystem in China on December 18-20, 2024 had resulted in a total new investment commitment of US$7.46 billion (Rp120 trillion).