Business News

IKN Authority: Private Sector to Invest IDR 6.49 Trillion in IKN by February 2025

The Indonesian Capital Authority (OIKN) revealed that there will be private investment coming in February 2025. It is estimated that the value will reach IDR 6.49 trillion. Spokesperson for the Indonesian Capital Authority/Special Staff to the Head of OIKN for Public Communication, Troy Pantouw, explained that the investment is included…

Minister of Agriculture Amran Supports Optimization of Agricultural Sector as NTT's Economic Locomotive

The Indonesian Minister of Agriculture, Amran Sulaiman, supports the optimization of the agricultural, plantation and livestock sectors as the locomotive of the economy in the East Nusa Tenggara (NTT) region. The support was expressed by Minister of Agriculture Amran during a dialogue with the Acting Governor of NTT, Andriko Noto…

Expansion into Floating Solar Power Plant Industry, Utomodeck Builds Two Factories in Batam and Surabaya

Utomodeck Group, a metal roofing and cladding manufacturer in Indonesia, announced its business expansion into the Floating Solar Power Plant (PLTS) industry. Utomodeck took this strategic step to expand its business by building two Floating Solar Power Plant (PLTS) production facilities in Batam and Surabaya to meet the needs of…

West Sumatra Province Exports 171.4 Million Tons of Non-Metallic Mineral Goods

In November 2024, West Sumatra recorded a total export volume of 359.11 thousand tons. While exports of non-metallic mineral goods (SITC code 66) declined to 171.4 million tons, the province continues to demonstrate strong trade activity. Despite this temporary dip, West Sumatra had been experiencing an upward trend in exports…
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