Business News
Central Java to Receive IDR 135 Billion for Downstream Plantation Sector
The Central Java provincial government is set to receive IDR 135 billion from Indonesia’s Ministry of Agriculture (Kementan) to boost downstreaming in its plantation sector. The funds will focus on expanding land use and improving productivity for three key commodities: sugarcane, coffee, and coconut. The sugarcane initiative in particular is…
Airlangga Reveals Latest on Energy Imports and Boeing Plane Deal from the U.S.
Coordinating Minister for Economic Affairs, Airlangga Hartarto, recently shared updates about Indonesia’s plans to import energy resources (migas) and procure 50 Boeing aircraft from the United States under a trade agreement that reduces U.S. reciprocal tariffs on Indonesian goods from 32% to 19%. The government is currently negotiating implementing agreements…
Indonesia’s Trade Surplus Skyrockets, Purbaya: Export Engine Ready to Power the Global Economy
Indonesia has recorded a remarkable trade surplus of USD 29 billion from January to August 2025, representing a 52.6% year-over-year increase. Exports during this time reached USD 185.3 billion—up 7.8% compared to the same stretch last year—while imports stood at USD 156.3 billion, rising only 2.3%. Finance Minister Purbaya Yudhi…
Indonesia Energy Announces Start of Drilling Operations on the First of Two New Wells at Kruh Block
Indonesia Energy Corporation (IEC) has officially begun operations on the first of two new wells planned at the Kruh Block in Sumatra. The first well, named K-29, already has its drilling platform in place, and the casing pipes have been delivered to the site. IEC is currently awaiting government approval…
