News | Business-Indonesia

Indonesia to Boost Oil Production as US–Venezuela Tensions Raise Global Supply Concerns

Indonesia is moving to reinforce its oil supply security by increasing domestic crude production and expanding strategic reserves in response to rising global geopolitical risks following the capture

07 Jan 2026
This Week’s Headlines (Dec 13. – 19, 2025)

World Bank lifts Indonesia’s growth outlook, VinFast opens Subang EV plant as production hub, and Indonesia ships frozen durian to China in This Week’s Headlines.

19 Dec 2025
Indonesia’s Economic Outlook 2026: Resilient, but Acceleration Elusive

Indonesia enters 2026 with an outlook defined more by stability than momentum. Economic growth is expected to remain around five percent, supported by domestic demand, policy continuity

18 Dec 2025
Global Risks Remain Elevated, BI Holds Interest Rate at 4.75%

Bank Indonesia (BI) has once again decided to keep its benchmark interest rate unchanged at 4.75% at the Board of Governors’ Meeting held on December 16–17, 2025. The deposit facility rate was also

18 Dec 2025
Indonesia Introduces New Minimum Wage Formula, To Increase by 5%–7% in 2026

Indonesia’s minimum wage is set to increase by around 5% to 7% in 2026 following the signing of a new government regulation by President Prabowo Subianto, which revises the formula used to calculate

17 Dec 2025
Govt: Coal Export Tax to Take Effect Starting January 2026

Finance Minister Purbaya Yudhi Sadewa stated that the government will impose an export duty or coal export tax ranging from 1% to 5% starting January 1, 2026.

16 Dec 2025
Indonesia–Russia Trade Rises 17%, Cooperation in Nuclear Energy on the Table

Russian President Vladimir Putin stated that bilateral economic and trade relations between Indonesia and Russia grew by 17% during the first nine months of 2025.

11 Dec 2025

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This Week’s Headlines July 20- 26 (Issue #121)

Business-Indonesia This Week's Headlines Issue #121

Jokowi Officially Launches Golden Visa for Foreign Nationals

President Joko Widodo (Jokowi) launched the Golden Visa service at The Ritz-Carlton Hotel Jakarta on Thursday (25/7). On this occasion, Jokowi symbolically handed over the Golden Visa to the Coach of

Government Prepares Study for Giant Sea Wall Project on Java's Northern Coast

The Indonesian government is currently preparing a comprehensive study for the construction of a giant sea wall along the northern coast of Java Island. This initiative, aimed at addressing recurring

Despite significant challenges, Indonesia’s textile sector remains prospective

Indonesia's textile industry faces significant hurdles due to global economic conditions. Factors such as high interest rates in the US and economic slowdowns in key markets like the US and Europe are

24 Jul 2024

Insights

Textiles

Government Expands Simbara System to Enhance Mining Sector Governance, Prevent Fraud

The Indonesian government has expanded the Mineral and Coal Information System (Simbara) to include nickel and tin commodities, aiming to increase state revenue and improve governance in the mining

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