News | Business-Indonesia

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
This Week's Headlines (April 18-24, 2026)

This Week: Indonesia to Import 150 Million Barrels of Crude Oil from Russia This Year, BI Holds Rate Steady to Rein in Rupiah's Weakening, Indonesia Will Not Impose Tariffs in Malacca Strait

24 Apr 2026

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Topic

Publication Date

US to Exempt Palm Oil, Cocoa and Rubber from Tariffs, Indonesia says

The United States has agreed to exempt Indonesian exports of palm oil, cocoa and rubber from a 19% tariff imposed earlier this month, Indonesia’s senior economic minister said on Tuesday, August 26.

27 Aug 2025

Business News

Commodities

International Cooperation

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Prabowo Forms Mineral Industry Agency to Advance Indonesia’s Rare Earth Development

President Prabowo Subianto has inaugurated Minister of Higher Education, Science, and Technology (Mendiktisaintek) Brian Yuliarto as the first Head of the Mineral Industry Agency at the Merdeka Palace

26 Aug 2025

Business News

Economy

This Week’s Headlines (Aug. 16 - 22, 2025)

Indonesia's QRIS in China, the government's shadow economy target. and strengthened German-Indonesian partnership are among This Week's Headlines (Issue 175) at Business Indonesia.

International Cooperation

Indonesia’s PSN to launch IDR 7.5 Trillion Nusantara 5 Satellite in September

PT Pasifik Satelit Nusantara (PSN) is targeting the launch of the Nusantara 5 satellite in early September, with an estimated investment of IDR 7 trillion to IDR 7.5 trillion.

Bank Indonesia Cuts Benchmark Rate to 5% Amid Growth Support Measures

Bank Indonesia (BI) announced a surprise cut to its benchmark interest rate on Wednesday, lowering the 7-day reverse repurchase rate by 25 basis points to 5.00 percent.

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