Business News
Indonesia’s Steel Industry Targets 27 Million Tons Production Capacity by 2029
Indonesia’s manufacturing sector continues to play a key role in national exports, contributing 74.25% in 2024 with a value of USD 196.5 billion. According to Minister of Industry Agus Gumiwang, the basic metals sub-sector—particularly steel—has demonstrated robust growth, contributing 1.10% to the national GDP and posting a year-on-year increase of…
MIND ID Accelerates Downstreaming of Aluminium and Minerals, Boosts Added Value by Thousands of Dollars
MIND ID (Mining Industry Indonesia) is intensifying its commitment to driving national mineral downstreaming by integrating upstream-to-downstream strategies. According to CEO Maroef Sjamjoeddin, the company aims to deliver high-value products that make a direct impact on the national economy and strengthen economic sovereignty. One of its current priorities is the…
Indonesia’s Marine and Fisheries Investment and Licensing Reform Drives Sustainable Blue Economy
Indonesia is leveraging its vast marine potential by reforming investment strategies and simplifying licensing to boost the blue economy. With over 3.25 million km² of ocean territory, the country is rich in marine resources, from fisheries to coastal tourism. In Q1 2025, investment in the marine and fisheries sector reached…
Deputy Foreign Minister Arif Havas: Indonesia Needs to Change Its Export Strategy
Deputy Foreign Ministry Arif Havas Oegroseno emphasized the urgency for Indonesia to revise its export strategy following the imposition of a 19% reciprocal tariff by the United States. He highlighted the importance of diversifying not only export destinations but also product types. Currently, Indonesia heavily relies on labor-intensive sectors such…
