Indonesia and Egypt to Strengthen Trade Cooperation, Establish Logistics Hub in Suez Canal
President Prabowo Subianto held a bilateral meeting with Egyptian President Abdel Fattah el-Sisi at the Al Ittihadiya Presidential Palace in Cairo on Wednesday, December 18, local time.
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19 Dec 2024
Business News
International Cooperation
Trade
Indonesia Rolls Out USD 51.65 Bn Stimulus Package Ahead of VAT Increase
The Indonesian government has unveiled an economic stimulus package worth IDR 827 trillion (USD 51.65 billion) to ease the impact of the VAT increase from 11% to 12%, set to take effect on January 1,
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18 Dec 2024
Business News
Economy
Taxation
Imports Plummet, Trade Balance Surplus Rises to USD 4.4 Bn in November
The Central Statistics Agency (BPS) recorded a trade balance surplus of USD 4.42 billion in November 2024. This surplus is higher compared to the previous month’s USD 2.48 billion and the same period
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17 Dec 2024
Business News
Economy
Export & Import
This Week’s Headlines (Dec. 7 - 13, 2024)
Business-Indonesia's This Week's Headlines Issue #142
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13 Dec 2024
Commodities
Economy
Investment
+1
Indonesia to Build a USD 1.2 Bn Methanol Plant in Bojonegoro
Indonesia is planning to construct a methanol plant in Bojonegoro, East Java. The Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that the investment value of the plant is estima
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12 Dec 2024
Business News
Chemical
Energy
XL Axiata and Smartfren to Merge, Forming USD 6.5 Bn Telecom Giant
Indonesian telecommunications companies XL Axiata (EXCL) and Smartfren Telecom, along with its subsidiary Smart Telcom, have announced a strategic merger to create XLSmart.
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11 Dec 2024
Business News
Economy
OECD Predicts Middling Economic Growth Under Prabowo Administration: 5.2% in 2025
The Organization for Economic Co-operation and Development (OECD) forecasts that Indonesia's economy will grow by only 5.2% in the first year of President Prabowo Subianto's administration, 2025. This
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10 Dec 2024
Business News
Economy
Indonesia’s Digital Economy Still on Growth Track
On November 14, Indonesia played host to Jensen Huang, CEO of Nvidia, the world's most valuable company as of October 2024, with a market valuation reaching USD 3.53 trillion.
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09 Dec 2024
Digital Economy
E-Commerce
ICT & Digital Economy
+2
This Week’s Headlines (Nov. 30 - Dec. 6, 2024)
Business-Indonesia's This Week's Headlines Issue #141
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06 Dec 2024
Economy
Energy
Regulation
+1
Prabowo Approves 12% VAT Effective January 1, 2025, Limited to Luxury Goods
Representatives from the Indonesian House of Representatives (DPR) met with President Prabowo Subianto to discuss the implementation of the 12% Value-Added Tax (VAT), which has been decided to take ef
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05 Dec 2024
Business News
Investment
Tech
News
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