News | Business-Indonesia

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
This Week’s Headlines (Nov. 9 - 15, 2024)

Business-Indonesia's This Week's Headlines Issue #138

15 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
Prabowo’s Economic Plans

On Sunday, October 20, 2024, Indonesia officially sworn in its eighth President, retired general Prabowo Subianto.

29 Oct 2024

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Goods and services, energy companies make up highest in LoIs for IKN

Out of the 209 Letters of Interests (LoI) received by the New Capital City Nusantara Authority (OIKN) from companies interested in investing in the US$33 billion project as of May 2023, companies

Indonesia to launch golden visa soon

The Indonesian government will launch its Golden Visa scheme in the near future, Minister of Tourism and Creative Economy Sandiaga Uno announced following a cabinet meeting held between President

Indonesia’s downstreaming policy gives its mining sector significant room for growth

Read our Mining Insight from the monthy Insights issue. Indonesia’s mining sector has seen its share in GDP contribution growing rapidly in the last five years, from just 7.18% in 2016 to over 12%

This Week’s Headlines (20 - 26 May 2023)

Business-Indonesia This Week's Headlines Issue #74

Indonesia, Japan signs agreements on IKN development

Indonesia and Japan have signed five memoranda of understanding (MoUs) and 24 letters of intent (LoIs) on the development of the New Capital City (IKN) project initiated by President Joko Widodo.

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