Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Ministry of Energy and Mineral Resources will regulate nickel and tin as critical mineral commodities
The Ministry of Energy and Mineral Resources (ESDM) will issue a special regulation designating nickel and tin as critical mineral commodities.
President Joko Widodo working on golden visa policy to attract foreign investors
President Joko (Jokowi) Widodo, is currently finalizing the Golden Visa policy, which will allow foreign citizen to apply for residency and citizenship through investment.
Indonesia and US discuss investment opportunities in Energy transition projects
Minister of Economic Affairs, Airlangga Hartarto, met with the United States Trade Representative (USTR) during the Indo-Pacific Economic Framework (IPEF) event in Detroit, US.
Bank Indonesia maintains interest rates amid anomalous performance of the US dollar
BI Rate held steady at 5.75% as Bank Indonesia (BI) identifies anomalies in the performance of the US dollar.
Government issues permit for radioactive mineral mining to support nuclear power plant development
In line with their commitment to reduce reliance on coal, the Indonesian government has issued Government Regulation (PP) No 25 of 2023 regarding the designation of area for permits in radioactive mineral mining (WIUP). This initiative aligns with their strategic plan to advance the development of nuclear power plants.
China’s FAW Trucks expands to South Sumatra
The Chinese mining industry vehicle manufacturer in Indonesia, First Automobile Works (FAW) Trucks, has set its sights on expanding into the province of South Sumatra.
Singapore’s Antler targets Indonesia, planning investment in 30 startups
Singapore-based startup builder and venture capital firm Antler, plans to invest in 30 startups in Indonesia. According to Asia Antler co-founder and managing partner Jussi Salovara , Indonesia's rapidly expanding digital market provides an ideal environment for fostering innovation and entrepreneurship.
PLN plans to replace diesel power plants with solar power
Indonesia's national electricity company PT Perusahaan Listrik Negara (PLN), is seeking to leverage US$ 20 billion (IDR 300.16 trillion) from a climate finance deal to replace diesel-fired power plants with solar power plants.
Impending US debt ceiling crisis threatens global economy
The United States' debt, which has reached its limit, has the potential to push the country into a recession. As the specter of defaulting on its debt haunts the US, the nation is facing difficulties in obtaining funding, given that it has already reached its debt ceiling of U$31.4 trillion.
Indika Energy shifts focus toward mineral mining and green energy
PT Indika Energy Tbk (INDY) has announced plans to gradually divest from coal mining and expand its business scope to include mineral mining, such as gold and bauxite, as well as green energy.
Government to implements stricter visa requirements for foreign investors
The government is set to enhance the screening process over visa requirements for foreign investors. Director General of Immigration at the Law and Human Rights Ministry Silmy Karim announced on Thursday (25/5) that the ministry will be introducing stricter requirements for residence permits applicable to foreign nationals.
Funding challenges hinder bauxite smelter projects and export ban in Indonesia
The ban on bauxite exports, which will come into force on June 10, 2023, has shown its impact on the bauxite mineral commodity as smelter projects remains stagnant. Businesses are faced with finance problems resulting in the halted construction of bauxite smelters.