Business News
Deputy Minister of Industry Encourages Global Steel Producers to Build Plants in Indonesia
Indonesia’s Deputy Minister of Industry, Faisol Riza, has urged international steel manufacturers not just to export to the country but to invest in domestic manufacturing facilities. His appeal aims to strengthen the national steel industry by reducing dependence on imports, which currently account for about 11 million tons annually. He…
Government Encourages Foreign Investment to Strengthen Indonesia’s Steel Industry
The Indonesian government is actively promoting foreign investment to enhance the national steel industry and reduce dependence on imports. By inviting investors from Europe, China, and Vietnam to establish steel plants in Indonesia, the government aims to increase domestic production capacity while providing investors access to the local market. Currently,…
Indonesia and South Korea Ink MoU to Promote Indonesian Coffee in Goyang
Indonesia and South Korea have signed a memorandum of understanding (MoU) to enhance the marketing of Indonesian coffee in South Korea. The agreement, signed on November 6, 2025, by Husodo Kuncoro Yakti, head of the Indonesia Trade Promotion Center (ITPC) in Busan, and Goyang Mayor Lee Dong-hwa, aims to establish…
Domestic Investment Drives Batam’s Economic Growth, Reaching IDR 54.7 Trillion
Batam’s economy is showing strong momentum as domestic investment (PMDN) emerges as the main growth driver. According to the Batam Indonesia Free Zone Authority (BP Batam), total investment in the region reached IDR 54.7 trillion by the third quarter of 2025—an increase of 25.58% compared to the same period last…
