Archive: 24 April 2025
38 articles found
Thu, 24 Apr 2025
Investment Ministry Moves Quickly to Meet Huayou After LG's Exit from EV Battery Project
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has moved swiftly following LG's departure from the electric vehicle battery ecosystem project in Indonesia. BKPM will promptly hold a meeting with Huayou, a Chinese company, to discuss the consortium for the EV...
Thu, 24 Apr 2025
Investment Realisation Reaches Rp465.2 Trillion in First Quarter of 2025
President Prabowo Subianto received a report on first-quarter 2025 investment realisation figures from Investment and Downstreaming Minister/BKPM Head Rosan Roeslani during a meeting at Merdeka Palace, Jakarta, on Wednesday.
Thu, 24 Apr 2025
Investment Ministry to Meet China's Huayou on EV Battery Ecosystem Consortium
Jakarta (ANTARA) - The Ministry of Investment and Downstream Industry/Investment Coordinating Board (BKPM) has announced it will shortly hold a meeting with Huayou, a Chinese company, to discuss the electric vehicle (EV) battery ecosystem consortium project previously led by LG.
Thu, 24 Apr 2025
Mining Sector Contributes Up to 23 Per Cent of National Investment, Says Investment Minister
Investment Minister and BKPM Chief Rosan P. Roeslani stated that the mining sector's contribution reaches 22 to 23 per cent of total national investment. "We can see that the contribution from the mining industry, as has been conveyed, is truly extraordinary and very significant, including its...
Thu, 24 Apr 2025
China's Huayou to Replace LG Energy in Indonesia's EV Battery Consortium
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has revealed that the electric vehicle battery project originally led by LG Energy will be taken over by Huayou, a Chinese energy company.
Thu, 24 Apr 2025
Q1 2025 Investment Realisation Reaches Rp 465.2 Trillion, Proving Business Confidence in Indonesia
JAKARTA — Minister of Investment and Downstream Industries/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that the Q1 2025 investment realisation of Rp 465.2 trillion is proof that Indonesia remains trusted by the business community.
Thu, 24 Apr 2025
BKPM Acknowledges Downsizing of CATL Battery Ecosystem Investment and Production Capacity
JAKARTA. The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has acknowledged a downsizing in both investment value and production capacity for battery ecosystem projects, particularly the Dragon project.
Thu, 24 Apr 2025
Banyuwangi DPRD Commission II to Summon All Cooperatives Under Diskopumdag Supervision
The Banyuwangi Regional House of Representatives (DPRD) will shortly summon all cooperatives operating under the supervision of the Office of Cooperatives, Micro Enterprises and Trade (Diskopumdag). The move comes in response to widespread public complaints about lending practices deemed...
Thu, 24 Apr 2025
Pegatron Subsidiary Opens Manufacturing Plant in Batam Industrial Zone
BATAM – Batam Mayor Amsakar Achmad, represented by Batam City Secretary Jefridin, attended the grand opening of PT Pegaunihan Technology Indonesia at Jalan Markisa Lot 127–138, Batamindo Industrial Park, Muka Kuning, on Thursday (24/04/2025).
Thu, 24 Apr 2025
Jakarta and West Java Lead Investment Realisation in Q1 2025
Jakarta, CNBC Indonesia - Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani revealed that Jakarta and West Java still occupy the top positions for the largest investment realisation in Q1 2025.
Thu, 24 Apr 2025
Huayou to Partner with Others to Complete EV Battery Project Replacing LG
Jakarta (ANTARA) - The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) has stated that Huayou, a Chinese company replacing LG in the electric vehicle (EV) project, will collaborate with other partners to complete the project.
Thu, 24 Apr 2025
First Quarter 2025 Investment Realisation Reaches Rp465.2 Trillion, Up 15.9 Per Cent Year-on-Year
Jakarta (ANTARA) - Investment and Downstream Industries Minister/BKPM Head Rosan Perkasa Roeslani announced that investment realisation in the first quarter of 2025 reached Rp465.2 trillion, rising 15.9 per cent year-on-year compared with the first quarter of 2024 figure of Rp401.5 trillion.
Thu, 24 Apr 2025
Singapore Remains Indonesia's Largest Foreign Investor with US$4.6 Billion in Q1 2025
JAKARTA — Minister of Investment and Downstreaming/Head of BKPM Rosan Perkasa Roeslani stated that Singapore remains Indonesia's largest foreign investor, with investment realisation in the first quarter of 2025 reaching approximately US$4.6 billion or around Rp77.
Thu, 24 Apr 2025
Indonesia's Q1 2025 Investment Reaches Rp465.2 Trillion, Up 15.9% Year-on-Year
Investment and Downstream Industries Minister/BKPM Head Rosan Roeslani has revealed that investment realisation in the first quarter of 2025 reached Rp465.2 trillion, equivalent to approximately 24.4 per cent of this year's total investment target of Rp1,905.6 trillion.
Thu, 24 Apr 2025
Indonesia's Q1 2025 Investment Reaches Rp465.2 Trillion, Up 15.9 Per Cent Year-on-Year
Jakarta – The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) recorded that investment realisation in the first quarter of 2025 reached Rp465.2 trillion, rising 15.9 per cent year-on-year compared with Rp401.5 trillion in Q1 2024.
Thu, 24 Apr 2025
Business Confidence in Indonesia Remains Very High, Says Investment Minister Rosan
Jakarta - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has claimed that business confidence in Indonesia remains very high. Rosan said that both domestic and foreign investors continue to demonstrate strong trust in investing in...
Thu, 24 Apr 2025
Indonesia Removes LG Energy Solution from US$9.8 Billion Battery Supply Chain Project After Five Years of Stalled Negotiations
JAKARTA - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has addressed the departure of LG Energy Solution from a major battery supply chain ecosystem project in Indonesia, following protracted negotiations over five years.
Thu, 24 Apr 2025
Investment Minister Denies LG Energy Solution Fully Withdrew from Indonesia's US$9.8 Billion Battery Project
Jakarta, CNBC Indonesia — Investment Minister and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has denied reports that South Korean company LG Energy Solution has entirely withdrawn from its investment in Indonesia, particularly regarding the US$9.8 billion (approximately Rp165.
Thu, 24 Apr 2025
Denying LG Departure, Rosan Says: We Were the Ones Who Made That Decision
Jakarta: Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani revealed that it was the Indonesian government that terminated its cooperation with South Korean company LG Energy Solution (LGES) regarding the Titan Project — not LGES that first...
Thu, 24 Apr 2025
Investment Ministry to Intervene in BYD Factory Thuggery Case
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stepped in to address the thuggery experienced by BYD during the construction of its factory in Subang, West Java. The ministry said it would communicate with BYD Indonesia to resolve the disruptions caused by...
Thu, 24 Apr 2025
Indonesian Government Ousted LG Energy Solution from US$9.8 Billion Titan Battery Project, Says Investment Minister
JAKARTA - Investment Minister and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has confirmed that the Indonesian Government removed LG Energy Solution from the Titan Project, a mega EV battery project involving a South Korean consortium and Indonesia Battery Corporation (IBC).
Thu, 24 Apr 2025
Indonesia Dropped LG from EV Battery Consortium, Not the Other Way Round, Says Minister Rosan
Minister of Investment and Downstream Industries/Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, has revealed the reasons behind LG's departure from the electric battery consortium investment project.
Thu, 24 Apr 2025
Investment Ministry to Contact BYD Over Civil Organisation Disruptions at Subang Factory Site
Jakarta (ANTARA) - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stated it will communicate with Chinese automotive sector investor BYD to resolve issues of civil organisation (ormas) disruptions during the construction of its factory in Subang, West Java.
Thu, 24 Apr 2025
Thuggery by Rogue Civil Organisations Disrupts BYD Factory Construction in Subang
Jakarta - The issue of thuggery by rogue elements of civil society organisations (ormas) has once again come under the spotlight. Most recently, ormas members have allegedly been disrupting construction of a factory belonging to Chinese car manufacturer BYD, located in Subang, West Java.
Thu, 24 Apr 2025
Apple's AirTag Factory Plan in Batam to Continue Amid Reciprocal Tariff Policy
Jakarta (ANTARA) - The Ministry of Investment and Downstream/Investment Coordinating Board (BKPM) stated that Apple's plan to build an AirTag factory in Batam will resume amid a reciprocal tariff to be applied.
Thu, 24 Apr 2025
Investment Minister Clarifies LG-Led South Korean Consortium's EV Battery Investment Status in Indonesia
JAKARTA, investor.id – Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, has provided clarification regarding the reported cancellation of an electric vehicle (EV) battery development investment by a South Korean consortium in...
Thu, 24 Apr 2025
Investment Realisation Reaches IDR 465.2 Trillion in First Quarter of 2025, Up 15.9 Per Cent
JAKARTA - Minister of Investment and Downstreaming/Head of BKPM Rosan Perkasa Roeslani announced that investment realisation in the first quarter of 2025 reached IDR 465.2 trillion, up 15.9 per cent year-on-year compared to the realisation in the first quarter of 2024, which amounted to IDR 401.
Thu, 24 Apr 2025
President Prabowo Holds Limited Meeting with Ministers at Presidential Palace
President Prabowo Subianto immediately held a limited meeting with his ministers at the Presidential Palace, Jakarta, on Wednesday afternoon, after completing two working visit agendas in South Sumatra.
Thu, 24 Apr 2025
Q1 2025 Investment Realisation Reaches Rp465.2 Trillion, Minister Rosan: On Target
Jakarta, VIVA – Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani reported the first quarter 2025 investment realisation to President Prabowo Subianto. He stated that realisation during the first three months of 2025 reached Rp465.
Thu, 24 Apr 2025
Two Foreign Investors Seek to Form Joint Investment Fund with Danantara
TEMPO.CO, Jakarta - Head of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara), Rosan Perkasa Roeslani, revealed that two foreign investors wish to invest through the government's newly established body.
Thu, 24 Apr 2025
Indonesia Terminated LG Battery Investment First, Says Investment Minister Rosan
JAKARTA — Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani has stated that the Indonesian government had already decided not to proceed with the investment from the LG-led consortium.
Thu, 24 Apr 2025
Apple Confirmed to Proceed with AirTag Factory in Batam Despite US Reciprocal Tariff Plans
Apple is confirmed to be pressing ahead with plans to build an AirTag factory in Batam despite the United States' plans to impose reciprocal tariffs on Indonesia. The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stated that Apple's commitment to investing in...
Thu, 24 Apr 2025
Singapore Retains Top Spot as Indonesia's Largest Foreign Investor in Q1 2025
JAKARTA — Investment Minister and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani confirmed that Singapore has once again claimed the top position as the country with the largest foreign direct investment (FDI) in Indonesia during the first quarter of 2025.
Thu, 24 Apr 2025
China's Huayou to Replace South Korea's LG in Indonesia's US$9.8 Billion EV Battery Investment
JAKARTA — Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani revealed that Chinese company Huayou will replace South Korea's LG in the development of electric vehicle (EV) battery investment in Indonesia.
Thu, 24 Apr 2025
Apple's Batam AirTag Factory Investment to Continue Despite US Tariff War
Apple's domestic investment in Batam, Indonesia, to build an AirTag factory will continue despite the ongoing United States tariff war, according to the Ministry of Investment and Downstream Industries (BKPM).
Thu, 24 Apr 2025
Apple's AirTag Factory Project in Batam to Proceed Despite US Reciprocal Tariff Threat
The Ministry of Investment/BKPM has confirmed that Apple's AirTag factory construction project in Batam will proceed as planned, despite the potential imposition of reciprocal tariffs by the United States on Indonesia.
Thu, 24 Apr 2025
First Quarter 2025 Investment Realisation Reaches Rp465.2 Trillion
Jakarta: Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani announced that investment realisation in the first quarter of 2025 exceeded Rp400 trillion. "The investment in this first quarter is in line with the target set by Bappenas.
Thu, 24 Apr 2025
Indonesia's Investment Realisation Reaches Rp465.2 Trillion in Q1 2025
Indonesia's investment realisation in the first quarter of 2025 reached Rp465.2 trillion, according to Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani.