Business News
Indonesia to Increase Crude Oil Imports Instead of Fuel Products
Indonesia is shifting its energy procurement strategy by prioritizing crude oil imports over refined fuel products, following the completion of the Balikpapan Refinery Development Master Plan (RDMP). Energy and Mineral Resources Minister Bahlil Lahadalia stated that the upgraded refinery now enables the country to process a wider range of crude…
Indonesia to Boost Renewable Energy Investment to Shield Economy
Indonesia is intensifying investment in renewable energy to strengthen its economic resilience amid increasingly complex global challenges. During a government briefing, Investment and Downstreaming Minister Rosan Roeslani emphasized that expanding renewable energy development is a strategic priority to safeguard the national economy. The government plans to accelerate investments in key…
Indonesia to Roll Out B50 Biodiesel Mandate from July
Indonesia is set to implement a B50 biodiesel blending mandate starting July 1, 2026, as part of its strategy to reduce dependence on fossil fuels and manage rising energy costs. The government confirmed that state-owned energy company Pertamina is fully prepared to execute the program, which will increase the palm…
MotoGP Mandalika Boosts National Economy to IDR 4.96 Trillion
The 2025 Pertamina Grand Prix of Indonesia held at the Pertamina Mandalika International Circuit generated a significant economic impact of IDR 4.96 trillion, based on a study conducted by LETMI ITB. The event demonstrated that MotoGP in Mandalika is not only a global sporting attraction but also a strong contributor…
