Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Indonesia's Ministry of Public Works and Housing to construct 23 dams in 2024 with a 54% increase in budget
The Ministry of Public Works and Housing (PUPR) in Indonesia is set to build 23 dams in 2024, marking a 54% increase in the dam construction budget from IDR 13.99 trillion in 2023 to IDR 21.56 trillion.
Vale Base Metals commits US$ 10 billion investment over a decade to meet EV metal demand
Vale Base Metals has pledged to invest US$ 10 billion (IDR 153 trillion) over the next decade to accommodate the rising demand for metals such as nickel and copper, essential for electric vehicle (EV) production in Indonesia.
Foreign investors explore opportunities in Indonesia's tourism industry and super priority destinations
Sandiaga Uno, the Indonesian Minister of Tourism and Creative Economy has revealed that 25 companies from various countries, including India, the United Arab Emirates, China, France, and Poland, are currently exploring investment opportunities within Indonesia's tourism sector.
Indonesian metaverse company WIR Asia expands to the Philippines with US$20 million investment
PT WIR Asia Tbk (WIRG), an Indonesian metaverse development company, is planning to invest US$20 million (approximately IDR306 billion) to expand its business in the Philippines over the next five years. The expansion will be carried out through WIR Asia subsidiary, PT Mata Nilai Republik.
Telkom's subsidiary aims to position Indonesia as a global connectivity hub
Telekomunikasi Indonesia Internasional (Telin), a subsidiary of PT Telkom Indonesia (Persero), is highly optimistic about Indonesia's potential to become a global hub for undersea cables and data centers.
Petrindo Jaya Kreasi diversifies into metallurgical coal and gold mining
PT Petrindo Jaya Kreasi Tbk (CUAN), a mining company under the conglomerate of Prajogo Pangestu, is diversifying its business by entering the metallurgical coal and gold mineral mining sectors. The company is targeting the promising prospects of metallurgical coal, widely used in the steel industry.
Indonesia and Vietnam explores collaborative opportunities in EV ecosystem development
Erick Thohir, Indonesian Minister of State-Owned Enterprises, responded to President Joko Widodo's directive to encourage cooperation in developing the electric vehicle (EV) ecosystem with the Vietnamese government. Minister Erick emphasized that Indonesia is currently highly committed to building the electric vehicle battery industry.
Predatory pricing practices apparent in Indonesia's logistics and e-commerce sector
The logistics industry in Indonesia is currently heavily dominated by foreign companies, a fact highlighted by data from the Indonesian Digital Economic Logistics Association (ALDEI).
Private sector companies collaborates with government to build 200 apartment towers in IKN
The National Capital Authority (OIKN) has announced that the private sector is gearing up to embark on the construction of 200 apartment towers. This exciting venture will be undertaken by a consortium of 10 companies, bringing a wave of optimism for the local community.
Mubadala Energy's interests sparks new hope for Andaman III exploration
Mubadala Energy has expressed keen interest in continuing exploration efforts in Block Andaman III in the North Aceh Sea, after the withdrawal of Repsol and Petronas.
Indonesian state-owned enterprises to embrace active engagement in ASEAN across key sectors
Erick Thohir, The Minister of State-Owned Enterprises (BUMN), has called upon Indonesian state-owned enterprises to take proactive steps in identifying and leveraging opportunities, especially within the Southeast Asian region (ASEAN).
Sichuan Hebang to invest US$ 800 million in chemical plant in JIIPE Economic Zone
Sichuan Hebang Biotechnology Co. (Hebang), a Chinese firm, has committed to a substantial investment of US$ 800 million (IDR 12 trillion) for a chemical production plant within the Java Integrated Industrial and Port Estate (JIIPE).