Business News
Bahlil: There is an Increase in Oil Lifting of up to 602 Thousand Barrels Per Day
Bahlil Lahadalia, Minister of Energy and Mineral Resources (ESDM), said that there had been an increase in lifting or processing of oil ready for sale in the last two months, at the end of 2024. Oil lifting in the last two months has increased by 600 thousand to 602 thousand…
Indonesia Explores Investment Opportunities Beyond US and China
Indonesia is expanding its investment horizon, targeting potential investors from the Middle East and other regions, according to Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani. Speaking after a meeting with President Prabowo Subianto at the Jakarta Presidential Palace on Thursday, Rosan revealed plans to…
Indonesia's Manufacturing Sector Expands, Boosted by Production and Demand Growth
Indonesia's manufacturing activity recorded significant growth in December 2024, marking a return to expansion. According to Febrio Kacaribu, Head of the Fiscal Policy Agency at the Ministry of Finance, the Purchasing Managers' Index (PMI) rose to 51.2 in December from 49.6 in November, reaching its highest level since May 2024.…
Indonesia’s Digital Economy Poised to Generate Up to IDR 5.8 Quadrillion by 2030
Indonesia’s Minister of Communication and Digital, Meutya Hafid, revealed that digital transformation could contribute up to USD 360 billion (approximately IDR 5,832 trillion at an exchange rate of IDR 16,200 per USD) to the national economy by 2030. This figure is equivalent to one-third of ASEAN’s projected digital economy value.…
