News | Business-Indonesia

This Week's Headlines (May 2-8, 2026)

This Week: ASEAN convenes under shadow of global oil shock, South Korea’s Simone Invests USD 24.7 Million in Batang SEZ Factory, and Indonesia to keep subsidies in LPG-to-CNG transition

08 May 2026
Indonesia to Increase Electric Vehicle Incentive Quota

Finance Minister Purbaya Yudhi Sadewa stated that the government will accelerate the provision of subsidies for electric vehicles. The state treasurer said President Prabowo Subianto had instructed

07 May 2026
Indonesia Tightens Dollar Purchase Rules as Rupiah Hits Record Low

Bank Indonesia (BI) is preparing to tighten rules on United States dollar purchases after the rupiah weakened to a record low of around IDR 17,443–IDR 17,446 per USD 1 on Tuesday, 5 May 2026.

06 May 2026
Indonesia’s Automotive Industry Eyes Gradual Rebound as Competition Intensifies

The Indonesian automotive industry is moving into a more competitive phase where recovery does not benefit all players. Sales may be stabilizing after a weaker year, but underlying shifts in

06 May 2026
BPS Records Indonesia’s Q1 2026 Economic Growth at 5.61%, Surpassing Forecast

Statistics Indonesia (BPS) reported that the country’s economy grew by 5.61% year-on-year in the first quarter of 2026. The figure slightly exceeded the earlier projection by Finance Minister Purbaya

05 May 2026
Prabowo Launches IDR 116 Trillion Downstreaming Push with 13 New Projects

President Prabowo Subianto has launched the second phase of Indonesia’s downstreaming agenda, breaking ground on 13 projects valued at IDR 116 trillion (around USD 7.5 billion) in a move aimed at

29 Apr 2026

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This Week's Headlines (May 2-8, 2026)

This Week: ASEAN convenes under shadow of global oil shock, South Korea’s Simone Invests USD 24.7 Million in Batang SEZ Factory, and Indonesia to keep subsidies in LPG-to-CNG transition

Indonesia to Increase Electric Vehicle Incentive Quota

Finance Minister Purbaya Yudhi Sadewa stated that the government will accelerate the provision of subsidies for electric vehicles. The state treasurer said President Prabowo Subianto had instructed

Indonesia Tightens Dollar Purchase Rules as Rupiah Hits Record Low

Bank Indonesia (BI) is preparing to tighten rules on United States dollar purchases after the rupiah weakened to a record low of around IDR 17,443–IDR 17,446 per USD 1 on Tuesday, 5 May 2026.

Indonesia’s Automotive Industry Eyes Gradual Rebound as Competition Intensifies

The Indonesian automotive industry is moving into a more competitive phase where recovery does not benefit all players. Sales may be stabilizing after a weaker year, but underlying shifts in

BPS Records Indonesia’s Q1 2026 Economic Growth at 5.61%, Surpassing Forecast

Statistics Indonesia (BPS) reported that the country’s economy grew by 5.61% year-on-year in the first quarter of 2026. The figure slightly exceeded the earlier projection by Finance Minister Purbaya

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