News | Business-Indonesia

Indonesia Sets March 2025 Crude Oil Price at USD 71.11 per Barrel Amid Global Market Pressures

The Ministry of Energy and Mineral Resources (ESDM) has announced the Indonesian Crude Price (ICP) for March 2025 at USD 71.11 per barrel. This figure reflects a decrease of 4.28%, or USD 3.18, from

17 Apr 2025
Indonesia Begins Tariff Talks with US in Washington

A selected team of high-ranking Indonesian government officials are in Washington, D.C. from April 16-23 to negotiate a reduction of the 32% reciprocal tariffs recently imposed by the United States on

16 Apr 2025
Minister: Indonesia and Russia Open Cooperation Opportunities, from Education to Technology

Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Indonesia and Russia have the potential to collaborate in investment across various sectors, including technology, tourism,

15 Apr 2025
Made in Indonesia: Medical Devices Sector Poised for Global Reach

Indonesia's medical device industry is gaining momentum amid structural reforms, digital transformation, and growing healthcare demands. While import dependency remains high, significant policy shifts

14 Apr 2025
This Week's Headlines (Apr. 5-11, 2025)

Business-Indonesia This Week's Headlines Issue #159

11 Apr 2025
PLN to Build 40 MW Geothermal Power Plant in Ambon

State-owned electricity company PT Perusahaan Listrik Negara (PLN) plans to build a geothermal power plant (PLTP) with a capacity of 40 megawatts (MW). The project is part of the 2025–2034 Electricity

10 Apr 2025

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Indonesia’s Economy Grows 4.95% in Q3 2024, Below Government Target

The Central Bureau of Statistics (BPS) recorded Indonesia’s economic growth at 4.95% in the third quarter of 2024, below the Indonesian government’s own projection, and the slowest since the fourth qu

This Week’s Headlines (Oct. 26 – Nov. 1, 2024)

Business-Indonesia's This Week's Headlines Issue #136

Electric Vehicles

Development of IKN Under Prabowo Will Not Be as Fast as Jokowi’s Era: Minister

Minister of Public Works Dody Hanggodo stated that the development of the Nusantara Capital City (IKN) will slow down during President Prabowo Subianto’s administration. The head of state is expected

Govt. readies plan to rescue textile giant Sritex, averts mass layoffs

In a bid to prevent mass layoffs, the Indonesian government is preparing a rescue plan for the struggling textile giant, PT Sri Rejeki Isman (Sritex). President Prabowo Subianto, recently inaugurated,

30 Oct 2024

Business News

Manufacturing

Textiles

Housing Ministry Aims to Utilize Seized Land for 3 Million Homes Program

Housing and Settlement Minister Maruarar Sirait has identified 1,000 hectares of land in Banten, seized by the Attorney General’s Office, as a potential asset for next year’s target of building three

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