Business News
Six New Special Economic Zones Ready for Launch, Including a Halal Special Economic Zone
In the near future, six new Special Economic Zones are to be inaugurated, according to the Coordinating Ministry for Economic Affairs. The total investment target for the six Special Economic Zones is IDR 1,089.84 trillion. Furthermore, the development of these six Special Economic Zones (Kawasan Ekonomi Khusus/KEK) is expected to…
Indonesia Energy Announces Start of Operations on First of Two New Wells to Be Drilled at Kruh Block
Indonesia Energy Corporation (IEC), which trades on the NYSE American under the ticker INDO, announced on September 9, 2025, that it has initiated operations on the first of two planned wells at its 63,000-acre Kruh Block. The company's president, Frank Ingriselli, made this announcement during his presentation at the 27th…
Village-Led ‘BISA Export’ Program Ready to Become Indonesia’s Export Locomotive
On September 9, 2025, Indonesia’s Trade Minister, Budi Santoso, launched the Village-Led “BISA Export” Program—short for Berani Inovasi, Siap Adaptasi (“Dare to Innovate, Ready to Adapt”)—in Jembrana, Bali. This initiative unites public and private sectors—namely the Ministries of Trade, Village Development & Disadvantaged Areas, Agriculture, Indonesia Eximbank (LPEI), Astra, and…
Indonesia Attracts USD 18.63 Billion in Investments for Special Economic Zones
Over the past five years, Indonesia has successfully drawn USD 18.63 billion in investments into its Special Economic Zones (SEZs), according to the Coordinating Ministry for Economic Affairs. In the first half of 2025 alone, the country recorded USD 2.56 billion in investment—nearly half of the annual target—creating 28,094 new…
