Investment and Risk
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Positive outlook for Indonesia's textile industry amid regulatory challenges
Indonesia's textile industry has remained resilient despite facing significant challenges due to new trade regulations, with industry leaders advocating for systemic improvements to secure a sustainable future.
Indonesia's dominance in nickel supply crucial for global EV market
Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has asserted that the United States cannot increase its electric vehicle (EV) production elevenfold by 2030 as targeted without Indonesia's support.
PT Pupuk Indonesia advances green hydrogen project with PLN, Acwa Power
State-owned chemical manufacturing holding company PT Pupuk Indonesia has confirmed the continuation of its green hydrogen project with State electricity company PT PLN and Saudi Arabian energy company Acwa Power, aiming for operational status by 2025.
Major investment boost for Tanjung Sauh economic zone
Panbil Group of industrial businesses has announced a massive investment plan for the Tanjung Sauh Special Economic Zone (SEZ) in Batam, projected to reach Rp190 trillion (US$11.5 billion) over the next 35 years.
Wuling Indonesia explores EV export expansion
Wuling Indonesia is exploring to expand its electric vehicle (EV) exports to Australia, New Zealand, Malaysia, and South Africa. The plan was revealed during a meeting between Indonesian Minister of Industry Agus Gumiwang Kartasasmita and executives from SAIC-GM-Wuling Automobile Co., Ltd in Beijing on Tuesday, June 18, 2024.
Kayan cascade hydropower project advances despite major setbacks
The Kayan Cascade hydropower project in Bulungan Regency, North Kalimantan, continues to progress despite facing significant setbacks, including the recent withdrawal of key international partners PowerChina and Sumitomo.
Indonesia's e-commerce market set to surpass US$53 billion by 2025
Indonesia's e-commerce market is forecasted to exceed US$53 billion (Rp866 billion) by 2025, reflecting increased consumer confidence in online shopping and improving digital payment systems.
Depreciating Rupiah strains Indonesia's food and beverage industry
Chairman of the Indonesian Food and Beverage Entrepreneurs Association (GAPMMI), Adhi S. Lukman, has expressed concern over the significant impact of rupiah's depreciation on the food and beverage industry, which relies heavily on imported raw materials such as milk, sugar, soybeans, and wheat.
Jokowi formalizes SEZ establishment in South Kalimantan’s Tanah Bumbu regency
President Joko “Jokowi” Widodo signed Government Regulation No. 26/2024 on Thursday, June 13, 2024, formalizing the establishment of the 668-hectare Setangga Special Economic Zone (SEZ) in Simpang Empat sub-district, Tanah Bumbu regency, South Kalimantan.
Telkom Indonesia, partners invest Rp1.4 trillion in AI-driven data center in Batam
State-owned telecommunication company PT Telkom Indonesia, in collaboration with SingTel and Medco Power Indonesia, has announced a Rp1.4 trillion (US$85 million) investment to build an advanced data center equipped with Artificial Intelligence (AI) infrastructure in Batam over the next five years.
PLN to build three wind power plants by 2027, enhancing green energy commitment
PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity company, has announced plans to construct three new wind power plants (PLTB) − PLTB Timor, PLTB Tanah Laut, and PLTB Sulbagsel − by 2027 with a combined capacity of 152 MW.
Bali set to launch light rail transit project with completion of feasibility study
Bali is poised to introduce a Light Rail Transit (LRT) system following the completion of the feasibility study for the project. The initial phase of the LRT will feature a 6.04-kilometer track stretching from Ngurah Rai International Airport to the Sunset Road area.