Business News
Indonesia’s Data Center Industry Booms, Attracting Global Investors
Indonesia's data center industry continues its remarkable growth, with the market value projected to reach USD 3.7 billion (approximately IDR 57.7 trillion) by 2024. Significant investments totaling USD 634 million (IDR 9.8 trillion) are solidifying Indonesia's position as a strategic data center hub in Southeast Asia. The Ministry of Communication…
Deputy Minister of Agriculture Ensures Cattle Farming Investments Engage Local Farmers
The Deputy Minister of Agriculture, Sudaryono, affirmed that ongoing investments in the cattle farming sector will prioritize the involvement of local farmers. He emphasized that these significant investments, aimed at meeting domestic beef demand, will advance the livelihoods of Indonesian cattle farmers. “We will support everything from licensing to the…
New Regulation on Carbon Capture and Storage Spurs Growth in Upstream Oil and Gas Industry
The Ministry of Energy and Mineral Resources (ESDM) has issued Regulation No. 16 of 2024 on Carbon Storage Activities, effective December 24, 2024. The regulation has garnered positive responses from upstream oil and gas players under the Indonesian Petroleum Association (IPA). It complements prior legal frameworks, including ESDM Regulation No.…
Fisheries Export Value Reaches USD 49 Million
The fisheries export value from Maluku in 2024 reached USD 49.05 million, a decline of 18.27% compared to 2023. While live fish exports increased by 10.2% in value and 5.26% in volume, non-live fish exports saw a significant decrease of 20.4% in value and 25% in volume. Key exports included…
