Business and Investment
Get the latest business insights and discover high-potential opportunities in emerging markets that are redefining Indonesia’s economic landscape.
Government to introduces CPO commodity exchange for exporters
The Commodity Futures Trading Supervisory Agency (Bappebti) of the Trade Ministry will launch the Crude Palm Oil (CPO) commodity exchange in June.
Government prepares more incentives to attract company interest in open area drilling
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) will offer additional incentives to companies that are interested in managing oil and gas basins in open areas.
Saudi giant company seeks Indonesian partnership to build tire factory
The largest tire company in Saudi Arabia Kingdom Tyres invites Indonesian companies to build a tire factory in the industrial city of Yanbu, Saudi Arabia.
Pertamina Geothermal Energy issues US$ 400 million green bonds to settle debt
PT Pertamina Geothermal Energy Tbk (PGE/PGEO), has issued green bonds worth US$ 400 million (IDR 5.95 trillion). The company received oversubscriptions of 8.25 times with a total bid of US$ 3.3 billion (IDR 49.12 trillion).
China's interest in Indonesian coal gasification project grows as US companies opt out
An energy company from China has expressed interest in investing in the coal gasification project to produce Dymethyl Ether (DME) in Tanjung Enim, South Sumatra, as reported by the Ministry of Energy and Mineral Resources.
Indonesian banking sector boosts green financing and EV credits
The Indonesian banking sector is becoming more proactive in promoting green financing as part of achieving sustainable development. One of their efforts involves endorsing the disbursement of loans specifically for electric vehicles (EV).
Bali to implement a quota system to tackle problematic foreign tourists
Bali Governor Wayan Koster is currently working on implementing a quota system aimed at restricting the influx of foreign tourists to Bali.
China's dominance in Indonesian nickel mining challenges the West
Massive investments made by Chinese companies in Indonesia nickel industry may pose a geopolitical threat to the West because Chinese companies is starting to dominate nickel mining in Indonesia.
Indonesia plans to increase shares in Freeport as government grants mining permit extension
PT Freeport Indonesia (PTFI) has responded positively to the Indonesian Government's plan to grant Special Mining Business Permits (IUPK) for the company after 2041. Currently, Freeport permits is still valid until 2041.
US EXIM Bank approves US$99.7 million loan for Balikpapan refinery project
US EXIM Bank has finally granted loan disbursement worth US$99.7 million for the Refinery Development Master Plan (RDMP) operated by Pertamina subsidiary PT Kilang Pertamina Balikpapan.
Paneltech US Corp to establish waste-to-building materials factories in Indonesia
A California-based company Paneltech US Corp aims to invest in managing waste into environmentally friendly building materials in Indonesia. With a focus on green technology, the company intends to build factories in Yogyakarta and Bali - as pilot projects.
Unsteady JETP funding and the prospects of China-Indonesia energy cooperation
The US, Japan, and several G7 and European Union (EU) countries committed to providing US$20 billion worth of funds for Indonesia’s energy transition under the Just Energy Transition Partnership (JETP) scheme during the G20 Summit in November last year.