Business News
Steel Industry Installed Production Capacity of 27 Million Tons by 2029
Indonesia’s steel industry is experiencing strong momentum, with the government aiming to increase installed crude steel production capacity from 21 million tons to 27 million tons by 2029. This initiative aligns with the country's broader manufacturing goals, as the manufacturing sector contributed USD 196.5 billion in exports in 2024—making up…
The United States and Indonesia Import Tariff Agreement Comprises Agricultural Commodities
Indonesia is among the countries that have successfully concluded a new agreement on import tariffs with the United States. Following constructive negotiations, a mutually agreed reduction in reciprocal tariffs on Indonesian imports to 19% from the initial 32% has been reached. This reduction in import tariffs is accompanied by the…
Strengthening Economic Diplomacy Synergy Through Collaboration Between the Ministry of Foreign Affairs and Danantara
On 21 July 2025, at a briefing on the strategic role of Indonesian diplomacy in supporting the Danantara Investment Management Agency in strengthening the Indonesian economy, held at the Indonesian Ministry of Foreign Affairs in Jakarta, the Indonesian Deputy Minister of Foreign Affairs Arrmanatha C. Nasir stated that Danantara's existence…
West Kalimantan Strengthens Three Districts as Green Economy Centers Based on Local Commodities
The West Kalimantan Provincial Government is developing three districts-Landak, Sanggau and Sekadau-as green industry clusters and major food barns. The focus is on transforming leading sectors into low-carbon energy and environmentally friendly products. This is part of the five regional development clusters established by the provincial government, and is in…
