News | Business-Indonesia

This Week’s Headlines (Nov. 16 - 22, 2024)

Business-Indonesia's This Week's Headlines Issue #139

22 Nov 2024
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,

25 Nov 2024
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

21 Nov 2024
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

19 Nov 2024
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

20 Nov 2024
Free Medical Check-Ups: Another Boon to Indonesia’s Pharmaceutical Industry

In late September of this year, it was announced that President Prabowo Subianto would allocate Rp 3.3 trillion (roughly US$209.8 million) to provide free medical check-ups starting in 2025. The progr

08 Nov 2024

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Publication Date

Indonesia prepares green hydrogen incentives, tax breaks

The Indonesian Ministry of Energy and Mineral Resources (ESDM) is preparing regulations on the incentives and tax breaks needed by developers to step up the development of green hydrogen

Energy Transition

Hydrogen in Indonesia

Nuberg EPC Wins Contract to Build 40,000 TPA Hydrogen Peroxide Plant in Indonesia

Nuberg EPC, a leading global engineering, procurement, and construction (EPC) company specializing in the chemical industry, is pleased to announce its collaboration with PT. Hidrogen Peroxida

Energy Transition

Hydrogen in Indonesia

Indonesia climbs 7 places, surpasses Malaysia, Japan and UK, in IMD competitiveness ranking

Indonesia has advanced to the 27th position in the 2024 IMD World Competitiveness Ranking (WCR), a significant improvement from 34th place in 2023, placing the nation ahead of Malaysia, Japan, and

This Week's Headlines (Jun 8 - 14, 2024)

Business-Indonesia This Week’s Headlines Issue #117

Electric Vehicles

Indonesia’s automotive industry still recovering, remains resilient

Indonesia's automotive industry, a crucial pillar of the nation's economy, is still recovering amidst various economic and political challenges. While the sector has faced hurdles in the past year,

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