News


The latest news and information about business in Indonesia.

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
13 Jan 2026
Business News
Energy
This Week’s Headlines (Jan. 3 – Jan. 9, 2026)
Indonesia cuts coal output plans, extends income tax relief for workers, and Unilever divests SariWangi in IDR 1.5 trillion deal in This Week’s Headlines.
09 Jan 2026
Economy
Energy
Taxation
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Prabowo Targets Seizure of 4-5 Million Hectares of Illegal Oil Palm and Mining Land
President Prabowo Subianto plans to seize four to five million hectares (ha) of illegal land in 2026. The illegal land targeted for seizure includes palm oil plantations and illegal mining areas.
08 Jan 2026
Business News
Economy
Mining
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
Business News
Economy
BPS: Indonesia’s Trade Balance Records 67 Consecutive Months of Surplus, Reaches USD 2.66 Billion
Indonesia’s trade balance posted another surplus in November 2025, as reported by Statistics Indonesia (BPS). BPS Deputy for Distribution and Services Statistics Pudji Ismartini stated that the
06 Jan 2026
Business News
Economy