Business News
Jokowi: IDR 56.2 Trillion Invested in Nusantara Capital City Development
President Joko "Jokowi" Widodo announced that a total of IDR 56.2 trillion has been invested in the development of Nusantara Capital City (IKN), excluding government funds. This investment, disclosed during the first cabinet meeting held in the new capital on August 12, 2024, comes from 55 companies across various sectors,…
Minister of Industry Ensures the Industry Is Ready to Implement Health Regulations
Minister of Industry Agus Gumiwang Kartasasmita announced that the industrial sector is prepared to implement Government Regulation (PP) No. 28 of 2024, which enforces Law No. 17 of 2023 on Health (PP Kesehatan). Speaking from Ibu Kota Nusantara (IKN) in East Kalimantan, Agus confirmed that discussions with domestic industry stakeholders…
The Minister of Industry Is Optimistic That the Manufacturing Industry Will Return to Expansion
Minister of Industry Agus Gumiwang Kartasasmita remains optimistic that Indonesia's manufacturing sector can return to an expansionary phase through enhanced coordination and the implementation of pro-industry regulations. He acknowledged that both global economic instability and unfavorable domestic regulations have negatively impacted industrial activity. During the first cabinet meeting held at…
Japan and South Korea Invest in IKN, Bahlil: Building Property
Indonesia's new capital, Ibu Kota Nusantara (IKN) in East Kalimantan, is set to receive substantial foreign investment, particularly in property development. Minister of Investment Bahlil Lahadalia announced that four foreign investors are preparing to enter, with confirmed interest from Japan and South Korea. These investors will focus on building residential…
