Business News
Indonesia Targets 5.4% Economic Growth in 2026 Through Investment and Exports
Indonesia’s government is unveiling a strategic plan to achieve a 5.4% economic growth target for 2026, as announced by President Prabowo Subianto. Finance Minister Sri Mulyani Indrawati emphasised investment as the primary engine for growth, citing collaboration between the Finance Ministry and the Ministry of Home Affairs to bolster local…
Great! Pertamina NRE's Investment in CREC Leads to a 38% Profit Jump
Pertamina New & Renewable Energy (Pertamina NRE) immediately reaped the rewards. After just two months of holding a 20% stake in Citicore Renewable Energy Corporation (CREC), the Philippine company reported a 38% increase in net profit in the first half of 2025. Citicore Renewable Energy Corporation (CREC), an affiliated company…
Indonesia Strengthens International Cooperation, Taxpayers Can No Longer Flee Abroad
The Indonesian government is increasingly committed to strengthening international cooperation in the tax sector through the Assistance in Recovery of Tax Claims (ARTC) scheme. This policy allows for reciprocal cross-border tax collection, so taxpayers can no longer evade tax simply by changing jurisdictions. This policy is outlined in Book II…
The Regent of Jembrana Launched Cocoa Exports to the Netherlands on Indonesia's Independence Day
On 17 August 2025, coinciding with the 80th anniversary of Indonesia's Independence Day, Jembrana Regent Kembang Hartawan and Vice Regent Patriana Krisna launched the export of 2 tonnes of fermented cocoa beans produced by the Kakao Kerta Semaya Samaniya (KSS) cooperative to the Netherlands. This shipment marks the ninth export…
