Business News
Indonesia to End Diesel Imports in 2026 as Balikpapan Refinery Boosts Domestic Supply
Indonesia will cease diesel imports in 2026 following the commissioning of the upgraded Pertamina Balikpapan Refinery in East Kalimantan, which is expected to generate a surplus of 3–4 million kiloliters annually, Energy and Mineral Resources Minister Bahlil Lahadalia announced. The government will stop issuing new diesel import permits, including for…
Indonesia Unveils USD 6 Billion Plan to Strengthen Textile Industry, Eyes Top Five Global Ranking
President Prabowo Subianto has directed the Indonesian government to prioritize the textile industry amid growing global trade tensions, recognizing it as a resilient and export-driven sector with high labor absorption potential. Chief Economic Affairs Minister Airlangga Hartarto noted that the president emphasized maintaining the industry’s competitiveness during a recent meeting…
Indonesia Launches USD 6 Billion Downstreaming Projects to Accelerate Industrial Growth
The Indonesian government has announced the imminent launch of downstreaming projects worth approximately USD 6 billion, marking a significant step in strengthening national industrial capacity and increasing value added from natural resources. President Prabowo Subianto stated that at least six projects are set to begin within weeks, with the potential…
Indonesia Optimistic About Achieving Up to 17.6 Million Foreign Tourist Arrivals in 2026
The Indonesian government has expressed strong confidence in reaching between 16 million and 17.6 million foreign tourist arrivals in 2026, building on the successful achievement of 15 million visits in 2025. Alongside this growth, tourism is expected to generate foreign exchange earnings ranging from IDR 22 billion to IDR 24.7…
