Indonesian Communications Minister Meets with U.S. Ambassador to Discuss Submarine Cable and Satellite Investment
Indonesia's Minister of Communication and Informatics, Budi Arie Setiadi, held a meeting with the U.S. Ambassador to Indonesia, Kamala Shirin Lakhdhir, at the ministry’s office in Jakarta on Thursday
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26 Sep 2024
Business News
ICT & Digital Economy
Investment
Jokowi Breaks Ground on First Foreign Investment in Indonesia’s New Capital
President Joko "Jokowi" Widodo officially broke ground on Wednesday for the first foreign investment project in Indonesia's new capital, Nusantara. The project, backed by the Chinese property firm Del
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25 Sep 2024
Business News
IKN
Investment
Layoffs Surge by 23.7%, Textile Workers Among the Most Vulnerable
The Ministry of Manpower (Kemenaker) has reported a significant increase in layoffs (PHK) between January and August 2024, reaching 46,240 people. This marks a 23.71% rise compared to 37,375 layoffs d
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24 Sep 2024
Business News
Economy
Business-Indonesia's This Week's Headlines Issue #130
Business-Indonesia's This Week's Headlines Issue #130
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20 Sep 2024
Energy
Energy Transition
Mining
+1
Bank Indonesia Lowers Interest Rate to 6% Amid Stable Inflation
Bank Indonesia (BI) has reduced its benchmark interest rate by 25 basis points (bps) to 6% as of September 2024. The Indonesian central bank also lowered the deposit facility rate to 5.25% and the len
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19 Sep 2024
Business News
Economy
Indonesia's Parliament Approves Higher Spending for Incoming Prabowo Government
Indonesia’s key parliamentary budget committee has approved a 6% rise in spending for the incoming administration of President-elect Prabowo Subianto.
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18 Sep 2024
Business News
Economy
Indonesia's Trade Surplus Reaches 52 Consecutive Months with $ 2.90 Bn
Indonesia's trade balance recorded a surplus in August 2024, marking the 52nd consecutive month of surplus since May 2020, according to the Central Statistics Agency (BPS).
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17 Sep 2024
Business News
Economy
Trade
Indonesia’s Cosmetics Sector Remains Radiant Amidst Global Economic Downturn
Indonesia's cosmetics industry is looking bright, defying global economic challenges with strong growth fueled by its large and youthful consumer base. The sector's expansion is driven by rising consu
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13 Sep 2024
Cosmetics
Insights
This Week’s Headlines Sep 7 – Sep 13
Business-Indonesia's This Week's Headlines Issue #129
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13 Sep 2024
Economy
Infrastructure
Logistics & Transports
+2
Finance Ministry to Extend Tax-Free Home Purchase Incentive
The Ministry of Finance has announced plans to extend the 100% Government-Borne Value Added Tax (PPN DTP) incentive for home purchases until the end of the year.
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12 Sep 2024
Business News
Economy
News
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