Business News
Indonesia Proposes HS Code List for Products Requiring Mandatory Halal Certification
Indonesia has submitted a draft decree to the World Trade Organization outlining the establishment of a Harmonized System (HS) code list for products subject to mandatory halal certification. The proposal—announced on November 6, 2025—covers food and beverages, food additives, cosmetics, and natural medicine products. The HS list is intended to…
Indonesia Seeks Foreign Investment to Strengthen National Energy Sovereignty
Indonesia is intensifying efforts to secure long-term energy sovereignty by inviting greater foreign investment into its hydrocarbon sector. With 128 hydrocarbon basins identified nationwide—only 20 of which have been developed—the government aims to unlock significant untapped potential through improved regulatory frameworks that make investment more transparent, efficient, and attractive. These…
Indonesia Offers 108 Untapped Oil and Gas Basins to Global Investors
Indonesia is accelerating its energy growth agenda by offering 108 untapped oil and gas basins to both domestic and international investors, aiming to substantially boost national production by 2029. Deputy Minister of Energy and Mineral Resources Yuliot Tanjung emphasized that out of 128 identified hydrocarbon basins, only 20 have been…
Three Eastern-Indonesian Provinces Form a New Economic Power
Regional, multi-sector cooperation among island provinces in Eastern Indonesia continues to be strengthened, involving Bali, Nusa Tenggara Barat (NTB), and Nusa Tenggara Timur (NTT). Following an initial agreement in Bali, a memorandum of understanding (MoU) was signed in NTB. The agreement targets five priority areas with major potential: tourism, energy, connectivity,…
