Business News
Ministry of Energy and Mineral Resources Encourages Investment in Upstream Oil and Gas Sector
Acting Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM), Dadan Kusdiana, announced that the government is actively promoting investments in the upstream oil and gas sector through various collaboration contracts. Speaking at the Indonesia Exploration Forum in Surabaya, East Java, he highlighted the…
Investment Realization Reaches IDR 33.5 Trillion
In the second quarter of 2024, East Kalimantan (Kaltim) experienced an economic growth of 5.85% year on year (yoy), surpassing the regional Kalimantan and national growth rates. Investment in Kaltim was also strong, with a realization of approximately IDR 33.5 trillion. Budi Widihartanto, Head of Bank Indonesia (BI) Representative Office…
Blue Economy Holds Significant Development Potential
Nailul Huda, an economist at the Center of Economic and Law Studies (Celios), emphasized the significant potential of the blue economy, particularly in marine sectors like capture fisheries and ecotourism. He noted that areas such as the Java Sea and regions like Papua and Sulawesi have rich fish habitats that…
Indonesia’s Critical Role in Global Electric Vehicle Industry
Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, expressed confidence that Indonesia will become a key player in the global electric vehicle (EV) industry due to its abundant natural resources. Speaking at the Repnas National Conference & Awarding Night in Jakarta, Bahlil highlighted Indonesia's comparative advantage, particularly in nickel…
