News | Business-Indonesia

Indonesia’s Crude Oil Price Rises 6.8% to USD 68.79 per Barrel

The Ministry of Energy and Mineral Resources (ESDM) has set the average Indonesian Crude Price (ICP) at USD 68.79 per barrel in February, representing an increase of 6.8% from USD 64.41 per barrel

12 Mar 2026
Ramadan Spending Lifts Indonesia Retail Sales Despite Softer Consumer Confidence

Retail sales in Indonesia strengthened in February ahead of the Ramadan and Idul Fitri festive season, although consumer confidence weakened as households grew more cautious about the economic outlook

11 Mar 2026
Indonesia Commits to Strengthening Pension Fund System at OECD Forum

Indonesia reaffirmed its commitment to strengthening its national pension fund system during OECD Financial Markets Week in Paris as part of its OECD accession process. OJK presented a self-evaluation

10 Mar 2026
This Week's Headlines (Feb. 28 - Mar. 6, 2026)

In This Week’s Headlines: Indonesia to Boost Oil Storage; Govt Rolls Out Holiday Allowances Ahead of Idul Fitri; OJK Reassures Markets After Fitch Outlook Revision.

06 Mar 2026
Fitch Revises Indonesia’s Outlook to Negative, Airlangga Calls Free Nutritious Meals a Long-Term Investment

Global rating agency Fitch Ratings highlighted Indonesia’s Free Nutritious Meals (MBG) program in its decision to revise the country’s debt outlook from stable to negative. Coordinating Minister

05 Mar 2026
Indonesia Prepares for Oil Price Surge Amid Iran–US–Israel Conflict

Indonesia is preparing contingency measures to manage rising global oil prices and potential supply disruptions as conflict between Iran, Israel and the United States escalates, with officials warning

04 Mar 2026
APINDO: Iran–U.S. Conflict Could Pressure Businesses Through Energy Surge and Inflation

The Indonesian Employers Association (APINDO) has warned that the escalating conflict between Iran and the United States involving Israel could put pressure on domestic businesses, particularly

03 Mar 2026

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Indonesia to establish State-Owned Textile Firm, Eyes Remaining Sritex Assets

Minister of State Secretary Prasetyo Hadi said the government is in the process of establishing a state-owned enterprise (SOE) in the textile and garment sector. The planned SOE will be directly

Indonesia’s Semiconductor Push Opens Path for Optics and Photonics Companies

In early 2026, the government confirmed that semiconductors are no longer treated as a long-term aspiration but as a strategic industry tied to digital competitiveness, industrial resilience, and

Digital Economy

Investment in 2025 Reaches IDR 1,905 Trillion, Creates 2.7 Million Jobs

The Ministry of Investment recorded total realized investment throughout 2025 at IDR 1,931.2 trillion. The figure represents an increase of 12.7% compared with the 2024 realization of IDR 1,714.2

Indonesia to Maintain B40 Biodiesel Mandate as Palm Oil Prices Rise

Indonesia will maintain its mandatory B40 biodiesel blending policy this year, as plans to raise the mandate to B50 remain under further study, Coordinating Minister for Economic Affairs Airlangga

Prabowo Inaugurates USD 7.4 Bn Balikpapan Refinery Upgrade

President Prabowo Subianto inaugurated the Refinery Development Master Plan (RDMP) Balikpapan project in East Kalimantan on January 12. The project represents a major modernization of Refinery Unit

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