Business News
Foreign Investment in IKN Breaks Ground as China Commits IDR 500 Billion
Delonix Group, a prominent international company in the global tourism sector, is set to become the first foreign investor to directly contribute to the mega project of Nusantara’s new capital city (IKN). Troy Pantouw, the spokesperson for the Nusantara Capital Authority (OIKN), announced that the China-based company will undertake a…
Jokowi: Gresik Smelter Investment to Boost National Revenue by IDR 80 Trillion
President Joko Widodo (Jokowi) announced that the investment in PT Freeport Indonesia’s smelter plant in Gresik, East Java, is projected to increase national revenue by IDR 80 trillion. "Based on my calculations, the state will receive around IDR 80 trillion from PT Freeport Indonesia," said President Jokowi during the inauguration…
Hong Kong Emerges as a Potential Market for Indonesian Jewelry Exports
The Ministry of Industry (Kemenperin) highlighted that Hong Kong remains a significant market for Indonesian jewelry exports, ranking among the top five destinations for these products. According to Reni Yanita, Director General of Small, Medium, and Miscellaneous Industries (IKMA), Hong Kong not only serves as a target market but is…
New Mining Downstreaming Project Strengthens Indonesia's Economic Foundation
The operation of PT Freeport Indonesia's copper smelter in Gresik, East Java, is set to create a new economic foundation for Indonesia, which has long relied on domestic consumption. This downstreaming project is expected to significantly contribute to state revenue through taxes, royalties, and export duties, while also promoting the…
