Business News
Indonesia-Canada CEPA: Gateway to North American Markets
The Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) is set to enhance Indonesia's access to North American markets, according to Trade Minister Budi Santoso. Following a bilateral meeting with Canada’s Minister of Export Promotion, International Trade, and Economic Development, Mary Ng, on December 2, 2024, in Jakarta, Minister Budi emphasized ICA-CEPA's…
Investment Commitment in 41 National Industrial Areas Reaches IDR 2,785 Trillion by 2039
The Indonesian government is accelerating the development of National Strategic Projects (PSN) in industrial zones to drive economic growth and resource-based industrialization. As stipulated in Coordinating Ministerial Regulation No. 7/2021 and its amendment in No. 12/2024, 41 PSN industrial projects are projected to secure a total investment of IDR 2,785…
Indonesia to Build USD 1.2 Billion Methanol Plant by 2025
Indonesia is set to construct a methanol plant worth USD 1-1.2 billion (approximately IDR 19.08 trillion) in Bojonegoro, East Java, starting in 2025, according to Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia. The facility, with an annual production capacity of 800,000 tons, aims to reduce Indonesia's reliance on…
Indonesia Exports 50,000 Tons of Porang to China, Strengthening Supply Chain
The Indonesian government has successfully exported 50,000 tons of porang, a tuber plant also used as a herbal product, to China, demonstrating Indonesia's contribution to strengthening the global agro-industrial supply chain. This export was facilitated by the Ministry of Industry (Kemenperin) through a memorandum of understanding (MoU) signed between PT…
