Business News
Indonesian Government Simplifies Upstream Oil and Gas Investment Scheme
The Indonesian government has introduced more flexible regulations for upstream oil and gas (migas) investments, aiming to ease the process for investors and contractors (KKKS) looking to transition between investment contracts. The Director of Upstream Oil and Gas Development at the Ministry of Energy and Mineral Resources (ESDM), Ariana Soemanto,…
Indonesia Explores Creative Economy Cooperation with Uzbekistan and Thailand
Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, held bilateral meetings with Uzbekistan's Minister of Foreign Affairs, Ilkhom Utkurovich Khaydarov, and Thailand's Director of the Creative Economy Agency, Cakkrit Pichyangkul. These discussions took place during the World Conference on Creative Economy (WCCE) 2024 in Tashkent, Uzbekistan, on 2 October…
The Largest Glass Factory in ASEAN Begins Production in Central Java, Exports to Europe
PT KCC Glass Indonesia (KCC Glass), located in the Batang Integrated Industrial Zone (KITB), Central Java, has invested IDR 4 trillion to establish the largest glass sheet factory in Southeast Asia. Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, stated that KCC Glass has made…
U.S. Ambassador to Indonesia Discusses New Import-Export Regulations with Trade Minister
U.S. Ambassador to Indonesia, Kamala Shirin Lakhdhir, met with Indonesian Trade Minister Zulkifli Hasan (Zulhas) at the Ministry of Trade office in Jakarta to discuss trade activities between the two nations, including updates on import-export regulations. According to an official statement from the U.S. Embassy in Jakarta on Friday (4…
