Business News
Dubai Investor Commits IDR 4 Trillion to Develop Integrated Complex in Indonesia’s New Capital
The Nusantara Capital Authority (OIKN) has officially partnered with an international investor from the United Arab Emirates, Ayedh Dejem Group, to develop a mixed-use area in the Core Government Zone (KIPP) of Indonesia’s new capital, Nusantara (IKN). The investment, valued at approximately IDR 4 trillion, will cover 9.7 hectares of…
Indonesia Targets Diesel Import Halt by 2026 Through Mandatory Biodiesel Policy
Indonesia’s Ministry of Energy and Mineral Resources is strengthening national energy resilience by expanding its mandatory biodiesel program under the 2026 National Energy Security Strategic Initiative. The policy aims to reduce fuel imports, maximize domestic energy utilization, and generate long-term economic and environmental benefits. Biodiesel adoption has shown steady growth,…
Trade Ministry Drafts Indonesia-GCC FTA to Be Completed in 2026, Aiming for 17.4% Export Growth
Indonesia’s Ministry of Trade (Kemendag) is working on a free trade agreement (FTA) between Indonesia and the Gulf Cooperation Council (GCC) that’s targeted to be substantively completed in 2026 after the fourth round of negotiations was held recently. The GCC includes Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman,…
Private Sector Key to Achieving 6.8% Growth, Deputy Finance Minister Says
Deputy Finance Minister Suahasil Nazara stated that Indonesia’s ambition to achieve economic growth of around 6–8% cannot rely solely on the state budget (APBN). Instead, the private sector plays a decisive role, alongside household consumption. He explained that private economic activities—including corporate investment and public consumption—contribute roughly 85 percent of…
