Business News
Upstream Oil and Gas Industry Contributes IDR 5,045 Trillion to National Economy
Hudi D. Suryodipuro, Head of the Program and Communication Division at SKK Migas, highlighted the significant impact of Indonesia's upstream oil and gas industry. Over the past two decades, the sector has been the second-largest contributor to state revenue, following taxes, with a total contribution of IDR 5,045 trillion. In…
Indonesia’s Investment Doubles, Targets IDR 1,900 Trillion
Indonesia’s Minister of Finance, Sri Mulyani Indrawati, announced a significant increase in investment, with both Domestic Direct Investment (PMDN) and Foreign Direct Investment (PMA) more than doubling since Q1 2020. This surge underscores Indonesia's strong post-COVID-19 recovery, with quarterly investment rising from IDR 211 trillion in Q1 2020 to IDR…
Investment Ministry Records Issuance of 10 Million Business Licenses through OSS
The Ministry of Investment/Investment Coordinating Board (BKPM) has announced the issuance of 10 million Business Identification Numbers (NIBs) through the Online Single Submission (OSS) integrated registration system, which facilitates business operations and investments. Since the launch of OSS in August 2021, the cumulative number of registered NIBs has seen a…
July 2024: North Maluku's Export and Import Value Increases
In July 2024, the performance of Maluku Utara's exports and imports showed notable improvements compared to June 2024. According to Nurhidayat Maskat, Acting Head of the Maluku Utara Central Statistics Agency (BPS), the province's export value reached USD 884.94 million in July, marking a 3.07% increase from USD 858.56 million…
