Latest Updates

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  ... Read More
24 Sep 2024
Business News
Economy
Business-Indonesia's This Week's Headlines Issue #130
Business-Indonesia's This Week's Headlines Issue #130  ... Read More
20 Sep 2024
Energy
Energy Transition
Mining
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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  ... Read More
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.  ... Read More
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).   ... Read More
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  ... Read More
13 Sep 2024
Cosmetics
Insights
This Week’s Headlines Sep 7 – Sep 13
Business-Indonesia's This Week's Headlines Issue #129  ... Read More
13 Sep 2024
Economy
Infrastructure
Logistics & Transports
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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.  ... Read More
12 Sep 2024
Business News
Economy
President Jokowi Launches New MRT Line to Ease Jakarta’s Traffic Woes
President Joko Widodo officially launched the construction of the East-West Jakarta Mass Rapid Transit (MRT) phase 1, which will stretch 24.5 kilometers from Medan Satria in Bekasi City to Tomang in W  ... Read More
11 Sep 2024
Business News
Infrastructure
Logistics & Transports
Indonesia Awaits G7 Funding for Early Coal Plant Retirement
Indonesia is still waiting for more affordable funding to accelerate the early retirement of coal-fired power plants (PLTU) under an agreement with wealthy nations in the G7 group, according to Coordi  ... Read More
10 Sep 2024
Business News
Economy
Energy Transition