Business News
Indonesia Exports First EV Battery Precursor to Tesla This Month
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed that Indonesia has started its first export of electric vehicle (EV) battery precursors to the United States this month, intended for Elon Musk's company, Tesla. The precursors come from a nickel processing plant located in the Weda Bay Industrial Zone…
The Government Collaborates to Build Economic Independence in Transmigration Areas
The Ministry of Cooperatives (Kemenkop) and the Ministry of Transmigration (KemenTrans) are collaborating to boost the economy in transmigration areas, which face significant development challenges. Announced on November 25, 2024, the collaboration focuses on empowering local communities by establishing cooperatives. Minister of Cooperatives Budi Arie Setiadi emphasized that cooperatives would…
The Sidoarjo Halal Industrial Zone Targets Investment of IDR 97.8 Trillion
The Halal Industrial Park Special Economic Zone (KEK HIPS) in Sidoarjo, managed by PT Makmur Berkah Amanda Tbk (MBA), aims to attract investments totaling Rp 97.8 trillion by 2045. If successful, this investment could create approximately 317,000 job opportunities. "Our target is to draw investments of Rp 97.8 trillion by…
Reach IDR 8.57 Trillion by the End of 2024, Investment Realization in Bandung City Exceeds Target
Investment in Bandung City has shown positive growth, reaching IDR 8.57 trillion by September 2024, surpassing the target of IDR 7.3 trillion. Acting Mayor of Bandung, A. Koswara, emphasized the importance of investments that not only boost the economy but also directly impact public welfare, particularly through labor-intensive and creative…
