Business and Investment
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Grant Thornton releases report on Indonesia's economic prospects in 2024
Grant Thornton Indonesia has published a report titled "Unraveling Indonesia’s Prospects in 2024", a move aimed at assisting foreign investors in better understanding Indonesia's investment climate in 2024.
BI provides IDR 268 trillion liquidity incentive to boost banking sector
The Indonesian Central Bank (BI) is offering a liquidity incentive of IDR 268 trillion (US$17.2 billion) to the banking sector aimed at expanding loan disbursement and promoting BI's macroprudential liquidity incentive policy.
Entrepreneurs reveal 37,000 containers of illegal textile imports flood Indonesia
The Indonesian Fiber and Filament Yarn Producers Association (APSyFI) recorded that around 37,000 containers of illegal textile and textile product (TPT) imports flooded the domestic market throughout 2023.
Domestic medical device market share reaches US$2.2 billion per year
The Indonesian Medical Device Manufacturers Association (ASPAKI) assesses the potential of domestic medical device industry with a market share value reaching US$2.2 billion per year.
Pertamina International Shipping's profit jumps to US$ 330 million in 2023
Pertamina's Integrated Marine Logistics Subholding, Pertamina International Shipping (PIS), booked significant increase in net profit of US$330 million in 2023, an increase by 60.9 percent from its profit in 2022 of US$ 205 million.
Indonesian pharmaceutical exports at stake amid Vietnam-EU free trade agreement
The Indonesian Ministry of Trade has raised concerns about the negative impact of the Free Trade Agreement (FTA) between Vietnam and the European Union (EU) on the domestic pharmaceutical industry.
Petrindo, Cokal join forces for coal infrastructure development in Central Kalimantan
Coal and gold mining company PT Petrindo Jaya Kreasi (Petrindo) has signed a Memorandum of Understanding (MoU) with Cokal Limited, an Australian publicly-listed coal mining company, to collaborate on the development of coal transportation infrastructure in Murung Raya, Central Kalimantan.
United Tractor acquires geothermal company worth US$ 80.69 million
A business entity of PT United Tractors (UNTR) has signed a share purchase agreement of a geothermal company worth US$80.69 million, equivalent to Rp1.27 trillion.
Transcoal Pacific secures contract worth US$ 955,414
Transport and logistics services provider PT Transcoal Pacific (TCPI) has secured a service contract for the provision of floating barges for temporary storage of fuel oil (BBM) at Bengalon LTT Port from one of the largest coal mining companies in East Kalimantan.
Freeport's $3.17 billion smelter to commence production in August 2024
Copper and gold mining company PT Freeport Indonesia (PTFI) has confirmed that the first production phase of its Manyar Smelter in Gresik, East Java, will commence in August 2024.
Official: Indonesia's coal future remains bright
The Coordinating Ministry for Maritime Affairs and Investment is optimistic about the future of Indonesian coal, citing anticipated increase in demand from the world’s largest coal-importing countries. coming years.
Majority of mining products see price decrease in early March 2024
The Ministry of Trade's recent market analysis has revealed a notable trend in the pricing dynamics of key mining commodities, indicating a prevailing decrease in prices across a majority of products during the initial weeks of March 2024.