Business News
IEU-CEPA Targeted for Completion by September 2025, 80% of Exports to Be Tariff-Free
Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is targeted for completion by September 2025. According to Airlangga, the government and EU Commissioner for Trade and Economic Security, Maros Sefcovic, are finalizing the legal drafting phase. “The legal drafting process is…
Chinese Steel Company to Collaborate on Investment with Krakatau Steel, Build Plant in Cilegon and Anyer Industrial Area?
PT Krakatau Steel (Persero) Tbk and its group (Krakatau Steel Group) have prepared over 500 hectares of land in the Krakatau Industrial Estate, Cilegon, Banten, to support a major investment plan by China’s Delong Steel Group — the 11th largest steel producer globally and 7th in China — along with…
Ministry of Industry Records Agro-Industry Investment Reaching IDR 38.7 Trillion in Q1 2025
The Ministry of Industry (Kemenperin) reported that investment in Indonesia’s agro-industrial sector reached IDR 38.72 trillion in the first quarter of 2025. Of that amount, IDR 21.33 trillion came from Foreign Direct Investment (FDI), while the remaining IDR 17.39 trillion originated from Domestic Direct Investment (DDI). Director General of Agro-Industry,…
Siemens and Indonesian Government Sign MoU to Strengthen Human Resources and Industrial Digitalization
At the Siemens Tech Summit 2025 on Wednesday, June 11, PT Siemens Indonesia signed several strategic memoranda of understanding (MoUs) with key stakeholders in the industrial and energy sectors, including the Ministry of Industry and state-owned utility company PT PLN (Persero). During a doorstop session, Surya Fitri emphasized that these…
