Business News
Indonesia Imposes Safeguard Duty on Cotton Yarn to Protect Textile Industry
Finance Minister Purbaya Yudhi Sadewa enacted a safeguard import duty (BMTP) on cotton yarn to shield Indonesia’s textile industry from import surges. Enforced through PMK No. 67/2025, effective early November, the tariff will gradually decrease over three years starting from IDR 7,500/kg. The policy covers HS codes 5204, 5205, and…
Arizona Plans to Establish International Chamber of Commerce in Bali
Five Arizona state legislators met with Bali Governor Wayan Koster to discuss plans for an international chamber of commerce to strengthen trade ties between Arizona and Indonesia. Arizona House Speaker Tony Rivero highlighted opportunities in semiconductors, medical tourism, and healthcare collaboration. Bali’s KEK Sanur is a focal point for world-class…
Indonesian Ambassador Urges Optimization of Trade Agreements with Switzerland
Indonesia’s Ambassador to Switzerland, Ngurah Swajaya, emphasized the need to fully implement the Indonesia–EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) and Bilateral Investment Treaty (BIT) to boost trade and investment ties. Speaking at a panel discussion titled “Indonesia & Switzerland in Dialogue” at the University of St. Gallen, he highlighted the…
Coal Production of PT Bukit Asam Hits 35.90 Million Tons in Q3 2025, Up 9%
In the third quarter of 2025, PT Bukit Asam Tbk (PTBA) recorded a coal production volume of 35.90 million tons, representing a 9% increase year-on-year from 32.97 million tons in the same period of 2024. This growth was supported by its subsidiary PT Satria Bahana Sarana, which contributed 21 percent…
