Business & Investment

BI records US$1.06 billion foreign capital inflows after rate hike

Bank Indonesia said foreign investors poured Rp19.02 trillion (US$1.06 billion) into SRBI and government bonds after ...

Indonesia's textile industry remains resilient amid rupiah weakness

Deputy Minister of Industry Faisol Riza said the depreciation of the rupiah and volatility in the capital market have ...

Trade minister calls students to become 'export activists'

Minister of Trade Budi Santoso has invited university students to become "export activists" who can encourage ...

Danantara says government bankrolls village cooperatives program

Indonesia’s sovereign wealth fund Danantara clarified that it is not responsible for financing the Red and White ...

Indonesia launches soybean subsidy to protect tempeh producers

Trade Minister Budi Santoso described the Rp2,000-per-kilogram soybean subsidy as a government instrument to shield ...

Danantara guarantees zero layoffs during massive SOE streamlining

The Danantara Investment Management Agency (BPI) has confirmed that it will not lay off any employees during the ...

Danantara safeguards assets via risk splits, distancing from 1MDB

Danantara Indonesia's framework is explicitly engineered to avoid a repeat of Malaysia's infamous 1MDB ...

Govt allocates US$294.1 million to develop modern agriculture in Papua

Agriculture Minister Andi Amran Sulaiman has allocated a budget of more than Rp5 trillion (US$294.1 million) for the ...

SOEs annual contribution to state revenue hits US$41.1 bln: BP BUMN

State-owned enterprises (SOEs) remain a critical powerhouse for Indonesia’s economy, contributing between Rp600 ...

DSI aims to stop export fraud, not seize trade: Danantara

PT Danantara Sumber Daya Indonesia was established to eliminate export fraud like transfer pricing, not to seize ...

Indonesia adopts WIPO data model to boost creative economy

The Creative Economy Ministry is committed to implementing the Creative Economy Data Model (CEDM) in collaboration with ...

RI, China strengthen local currency, cross-border payment cooperation

Bank Indonesia (BI) and the People's Bank of China (PBOC) have expanded financial cooperation to promote the use of ...

Pertamina's Venezuela assets help diversify oil supply: Deputy FM

Deputy Minister of Foreign Affairs Arif Havas Oegroseno said that Pertamina's assets in Venezuela, which have ...

Indonesian beauty firms secure US$6.5 million Turkiye deals

Indonesian beauty and wellness companies generated potential transactions worth US$6.52 million at the 7th Beauty ...

Indonesia turns to African oil amid Strait of Hormuz tensions

Indonesia is expanding crude oil supplies from Africa to mitigate potential energy disruptions linked to tensions ...