Business News
Mineral and Coal Sector Leads Indonesia’s Investment Growth, Says Bahlil
The Indonesian government is intensifying efforts to boost the downstream processing of mineral and coal (minerba) commodities as a strategy to accelerate national economic growth. This aligns with President Prabowo Subianto's vision of achieving over 8% economic growth in the coming years. Minister of Energy and Mineral Resources (ESDM), Bahlil…
Semen Indonesia Targets U.S. Exports, Completes Port and Production Facilities
PT Semen Indonesia (Persero) Tbk (SMGR) is leveraging the oversupply in the cement industry to strengthen its competitiveness by expanding into international markets. Partnering with Taiheiyo Cement Corporation through its subsidiary PT Solusi Bangun Indonesia Tbk (SBI), the company is finalizing a major development project at its Tuban plant in…
Indonesia to Dominate 60% of Energy Investments in Southeast Asia by 2025
Indonesia is projected to become the leading driver of energy investments in Southeast Asia starting in 2025, overtaking Malaysia, which has traditionally dominated the region. According to Stephen Salomo, an E&P Market Analyst at Rystad Energy, Indonesia’s contribution to the energy sector's investment landscape is set to experience significant growth…
Indonesia's Imports in November 2024 Reach USD 19.59 Billion
In its final statistical release of 2024, Indonesia’s Central Statistics Agency (BPS) announced the latest developments in the country’s export and import performance on Wednesday (18/12/2024). Acting Head of BPS, Amalia Adininggar Widyasanti, revealed that Indonesia's exports in November 2024 declined by 1.7% month-on-month to USD 24.01 billion but rose…
