Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Jokowi's push for EV hub status gains momentum with Mitsubishi Fuso and Hozon
Indonesia's extensive 12-month effort to attract investment from billionaire Elon Musk appears to have encountered a setback as Musk has chosen to establish Tesla's Southeast Asian main office in Selangor, Malaysia, a neighboring country.
Exxon to tap into 42 million barrels of potential oil reserves in Cepu Block
ExxonMobil Cepu Limited (EMCL), also known as Exxon, is making efforts to tap into an additional oil reserve potential of 42 million barrels through drilling activities involving five infill wells and two exploration wells for clastic layers in the Banyu Urip oil field, located in the Cepu Block, East Java.
Mitsubishi boosts Indonesia's automotive industry with multi-trillion investment paving the way for electric vehicle development
Mitsubishi Motor Corporation (MMC) will increase its investment in Indonesia by IDR 5.7 trillion to increase production capacity in 2024.
Cleantech startups faces funding challenges amidst unfavorable regulations
New Energy Nexus Indonesia reports that the growth of clean energy technology (cleantech) startups is fading due to funding constraints and an unfavorable regulatory climate.
ITSEC Asia (CYBR) soars 35% after succesful IPO, bolstering its cybersecurity forces
PT Itsec Asia Tbk (CYBR) sets eyes on extra capital via its initial public offering (IPO) of 1 billion shares to strengthen its cybersecurity teams in three countries: Indonesia, Singapore, and Australia.
PLN Group diversifies business collaborating with six startups on several news sectors
The PLN Group signed an MoU with six startups from Indonesia to explore business potential outside of electricity.
Ensign InfoSecurity 2022 report reveals vulnerable sectors in Indonesia amid increasing cyber security threats
Ensign InfoSecurity in its 2022 Cyber Threat Landscape in Indonesia report said the business sectors most vulnerable to cyberattacks are financial services, the insurance industry, the commercial industry, and the government.
Bank Indonesia continues progress on digital rupiah, focusing on concept and unveils its roadmap
Bank Indonesia (BI) ensured that the Garuda Project or digital rupiah currency is still on-progress. Currently, Bank Indonesia is in the process of finalizing proof of concept documents for digital rupiah and establishing a roadmap.
Bank Indonesia's new export regulation bolsters national economy and reduces foreign debt dependency
Bank Indonesia (BI) imposed a new regulation on foreign reserves originated from exports (Devisa Hasil Export - DHE) in accordance with Presidential Regulation No. 36 of 2023 concerning rules requiring exporters of natural resources to deposit 30% of their foreign exchange domestically.
Indonesia threatens to shift dairy import from EU to Australia
Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan, has issued a warning of potentially redirecting dairy imports from the European Union (EU) to other countries like Australia.
Bank Central Asia suffers massive data leak exposing 6.4 million customer records
Six million customers' data were leaked from PT Bank Central Asia Tbk (BBCA)'s MyBCA application database by hackers.
Four Chinese investors to begin construction in North Kalimantan Industrial Zone
Bahlil Lahadalia, Minister of Investment said that Chinese investors will start groundbreaking construction in North Kalimantan industrial area for 3 different industries.