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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Jokowi Breaks Ground on First Foreign Investment in Indonesia’s New Capital

President Joko "Jokowi" Widodo officially broke ground on Wednesday for the first foreign investment project in Indonesia's new capital, Nusantara. The project, backed by the Chinese property firm Del

25 Sep 2024

Business News

IKN

Investment

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

24 Sep 2024

Business News

Economy

Business-Indonesia's This Week's Headlines Issue #130

Business-Indonesia's This Week's Headlines Issue #130

Energy Transition

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

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.

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