Business News
Minister of Energy Opens Minerba Expo, Promotes Downstreaming to Boost Economic Growth
The Indonesian government is actively promoting the downstreaming of mineral and coal commodities (minerba) as part of its strategy to boost national economic growth. This aligns with President Prabowo Subianto’s goal to achieve over 6% economic growth in the coming years. Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia,…
British Petroleum to Invest in Gas Project in West Papua IDR 110.95 Trillion
British Petroleum (BP), a UK-based energy company, has committed to investing USD 7 billion (approximately IDR 110.95 trillion at IDR 15,850/USD) in Indonesia. The investment will fund the Tangguh Ubadari project, Carbon Capture Utilization & Storage (CCUS), and Compression (UCC). The decision follows a joint evaluation by BP and the…
Trade Minister Dispatches IDR 2 Billion Craft Exports to Global Markets
Trade Minister Budi Santoso officially dispatched craft product exports worth USD 127,070 (approximately IDR 2.06 billion) from Bantul, Yogyakarta Special Region, on Monday, 25 November 2024. The exported crafts, produced by PT Out of Asia, a subsidiary of PT Mitra Adiperkasa Tbk, are destined for global markets, including the United…
Gorontalo Positioned to Become Eastern Indonesia's New Economic Hub After Fishery Exports
Acting Governor of Gorontalo, Rudy Salahuddin, highlighted Gorontalo’s readiness to emerge as a new economic hub in Eastern Indonesia during a presentation on the province's investment potential and development acceleration. Speaking to ambassadors from Jordan, Oman, Morocco, and Bahrain at Bank Indonesia's Gorontalo office on November 23, 2024, Rudy emphasized…
