Business News
The Ministry of Industry Aims to Boost Palm Oil Downstreaming, Targeting IDR 450 Trillion in Export Value
The Indonesian government is actively promoting the industrial downstreaming program, particularly in the agro-business sector such as palm oil. This commodity has an export value reaching hundreds of trillions of rupiah. According to Putu Juli Ardika, Director General of Agro Industry at the Ministry of Industry, palm oil has successfully…
Indonesian Government Simplifies Upstream Oil and Gas Investment Scheme
The Indonesian government has introduced more flexible regulations for upstream oil and gas (migas) investments, aiming to ease the process for investors and contractors (KKKS) looking to transition between investment contracts. The Director of Upstream Oil and Gas Development at the Ministry of Energy and Mineral Resources (ESDM), Ariana Soemanto,…
Indonesia Explores Creative Economy Cooperation with Uzbekistan and Thailand
Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, held bilateral meetings with Uzbekistan's Minister of Foreign Affairs, Ilkhom Utkurovich Khaydarov, and Thailand's Director of the Creative Economy Agency, Cakkrit Pichyangkul. These discussions took place during the World Conference on Creative Economy (WCCE) 2024 in Tashkent, Uzbekistan, on 2 October…
The Largest Glass Factory in ASEAN Begins Production in Central Java, Exports to Europe
PT KCC Glass Indonesia (KCC Glass), located in the Batang Integrated Industrial Zone (KITB), Central Java, has invested IDR 4 trillion to establish the largest glass sheet factory in Southeast Asia. Minister of Investment and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, stated that KCC Glass has made…
