Business News
Economists View Downstreaming as Key to Achieving Indonesia’s Investment Targets
Economists believe that Indonesia’s downstreaming strategy, combined with licensing reform and infrastructure development, will play a crucial role in achieving the country’s future investment targets. Executive Director of the Institute for Development of Economics and Finance (INDEF), Esther Sri Astuti, stated that Indonesia’s 2026 investment target of IDR2,041 trillion remains…
BESS Project Construction Begins in Palu SEZ Targeting IDR30 Trillion Investment
The construction of the Battery Energy Storage System (BESS) project has officially started in the Palu Special Economic Zone (SEZ), Central Sulawesi, with a targeted investment value of approximately USD1.75 billion or around IDR30 trillion. The project is being developed through a partnership between PT Bangun Palu Sulawesi Tengah and…
Indonesia Accelerates Copper Downstreaming to Strengthen National Defense Industry Independence
Indonesia is accelerating copper downstream development to strengthen the country’s defense industry independence and reduce reliance on imported ammunition materials. Although Indonesia controls around 3% of the world’s copper reserves, the country still imports key raw materials for ammunition production. To address this challenge, the government and state-owned enterprises are…
Indonesia Positions Museums as Drivers of Identity and Cultural Economy
Indonesia’s Ministry of Culture is strengthening the role of museums as strategic institutions that preserve national heritage, promote education, and support Indonesia’s cultural economy. During the International Museum Day 2026 Cultural Oration at the National Museum in Jakarta, Minister of Culture Fadli Zon emphasized that museums are not only spaces…
