Indonesia Anticipates USD 1 Bn Investment from Apple Amid iPhone 16 Ban
Indonesia is set to receive a USD 1 billion investment commitment from Apple Inc., according to Investment and Downstreaming Minister Rosan Roeslani.
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04 Dec 2024
Business News
Investment
Tech
Indonesia's PMI Contracts for Five Consecutive Months, Lags Behind Other ASEAN Countries
The rating agency S&P Global reports that Indonesia's Manufacturing Purchasing Managers' Index (PMI) has been in contraction for five consecutive months. The index rose from 49.2 in October to 49.6 in
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03 Dec 2024
Business News
Manufacturing
This Week’s Headlines (Nov. 23 - 29, 2024)
Business-Indonesia's This Week's Headlines Issue #140
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29 Nov 2024
Investment
Regulation
Tech
+2
Luhut Signals 12% VAT Postponement, Focuses on Power Subsidies for Middle Class
Chairman of the National Economic Council (DEN) Luhut Binsar Pandjaitan has indicated that the planned increase in Value-Added Tax (VAT) to 12% on January 1, 2025, will likely be postponed.
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28 Nov 2024
Business News
International Cooperation
Investment
Prabowo Secures Investment Commitments Worth IDR 294 Tn from Six Strategic Nations
In the past two weeks, President Prabowo Subianto has undertaken visits to several countries, including China, the United States, Peru, Brazil, the United Arab Emirates, and the United Kingdom. Throug
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26 Nov 2024
Business News
International Cooperation
Investment
Stable Growth for Indonesia’s Logistics Sector
Indonesia's logistics sector continues to demonstrate steady growth, driven by increased investments, government reforms, and substantial contributions to the nation's GDP. However, challenges remain,
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25 Nov 2024
Insights
Logistics & Transports
This Week’s Headlines (Nov. 16 - 22, 2024)
Business-Indonesia's This Week's Headlines Issue #139
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22 Nov 2024
Energy
Energy Transition
International Cooperation
+2
Ministry of Industry to review Apple's USD 100 million investment proposal
The Ministry of Industry will hold an internal leadership meeting today, November 21, to discuss Apple’s investment proposal of USD 100 million, or equivalent to IDR 1.6 trillion. If approved, the dea
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21 Nov 2024
Business News
Tech
Bank Indonesia Maintains Interest Rate at 6% to Stabilize Rupiah, Curb Inflation
Bank Indonesia (BI) announced its decision to keep its benchmark interest rate at 6% during the November 2024 monetary policy review. This move aligns with the central bank's focus on stabilizing the
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20 Nov 2024
Business News
Economy
Indonesia Aims for USD 400 Billion in Exports by 2029 to Drive 8% Economic Growth
Indonesia’s target of 8% economic growth is projected to be achievable only by 2029, coinciding with the end of President Prabowo Subianto’s term. The Ministry of Trade estimates that exports will nee
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19 Nov 2024
Business News
Economy
Export & Import
News
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