Archive: 24 April 2025
39 articles found
Thu, 24 Apr 2025, 00:00 WIB
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 battery ecosystem project.
Thu, 24 Apr 2025, 00:00 WIB
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. In a press statement following the meeting, Rosan revealed that investment realisation in the first quarter of 2025 reached Rp465.2 trillion, or 24.4 per cent of this year’s total investment target of Rp1,905.6 trillion.
Thu, 24 Apr 2025, 00:00 WIB
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, 00:00 WIB
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 downstream products and downstreamisation,” said Rosan on Thursday, 24 April 2025.
Thu, 24 Apr 2025, 00:00 WIB
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. This was disclosed directly by the Deputy for Investment Promotion at the Ministry of Investment and Downstreaming/BKPM, Nurul Ichwan, in Jakarta on Thursday (24/4).
Thu, 24 Apr 2025, 00:00 WIB
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. “This confidence from the business world, both domestically and internationally, towards Indonesia is very well maintained,” he said at the Indonesia AI Day for Mining Industry event in Jakarta on Thursday (24/4/2025).
Thu, 24 Apr 2025, 00:00 WIB
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, 00:00 WIB
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). The grand opening of PT Pegaunihan Technology Indonesia was marked by a ribbon-cutting ceremony by the Coordinating Minister for Law, Human Rights, Immigration and Corrections, Yusril Ihza Mahendra.
Thu, 24 Apr 2025, 00:00 WIB
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 detrimental to borrowers, and to ensure cooperative compliance with the latest regulations.
Thu, 24 Apr 2025, 00:00 WIB
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. Rosan stated that total investment realisation in Q1 2025 reached Rp 465.2 trillion, representing an increase of approximately 15.9% compared to the same period the previous year.
Thu, 24 Apr 2025, 00:00 WIB
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.
Wed, 23 Apr 2025, 00:00 WIB
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. Rosan said the first quarter 2025 investment realisation was in line with the target set by the National Development Planning Agency (Bappenas) for the Ministry of Investment and Downstream Industries.
Wed, 23 Apr 2025, 00:00 WIB
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 Rp77.6 trillion, at an exchange rate of Rp16,870 per US dollar.
Thu, 24 Apr 2025, 00:00 WIB
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. Roeslani disclosed the figures whilst delivering an investment realisation report to President Prabowo Subianto at the Merdeka Palace in Jakarta on Wednesday (23 April 2025).
Thu, 24 Apr 2025, 00:00 WIB
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. Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani said Q1 2025 investment realisation was in line with the target set by the National Development Planning Agency (Bappenas) for his ministry.
Thu, 24 Apr 2025, 00:00 WIB
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 Indonesia.
Wed, 23 Apr 2025, 00:00 WIB
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. Minister of Investment and Downstreaming/BKPM Rosan Roeslani said the government did not want the battery project to proceed slowly, prompting Indonesia to issue a letter requesting LG withdraw from the project.
Thu, 24 Apr 2025, 00:00 WIB
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 withdrew from the electric vehicle battery development project.
Thu, 24 Apr 2025, 00:00 WIB
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 Rp165.3 trillion) electric vehicle battery project. Rosan stated that LG had only withdrawn from a portion of the projects planned since the partnership began in 2020.
Thu, 24 Apr 2025, 00:00 WIB
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 civil society organisations (ormas).
Thu, 24 Apr 2025, 00:00 WIB
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). Rosan stressed that the decision was conveyed through an official letter from the Ministry of Energy and Mineral Resources (ESDM) issued on 31 January 2025.
Thu, 24 Apr 2025, 00:00 WIB
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. The project was expected to be highly capital-intensive, with an estimated investment value of US$7.7 billion (approximately Rp 129.8 trillion, assuming an exchange rate of Rp 16,862 per US dollar).
Wed, 23 Apr 2025, 00:00 WIB
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, 00:00 WIB
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. The matter was first raised by Vice Chairman of the People’s Consultative Assembly (MPR) Eddy Soeparno during an invitation from the Chinese Government as part of a visit to Shenzhen, China.
Thu, 24 Apr 2025, 14:05 WIB
Indonesia Eyes Steady 5% Economic Growth in 2025 Amid Global Trade Tensions
Indonesia projects steady 5% economic growth for 2025 despite global trade tensions, supported by strong government reforms, infrastructure investment, and digital transformation initiatives. The country is diversifying exports, negotiating with trading partners to avoid tariffs, and focusing on renewable energy and sustainable development to maintain resilience.
Wed, 23 Apr 2025, 00:00 WIB
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. At the Presidential Palace, the Minister of Investment and Downstreaming/Head of BKPM as well as CEO of Danantara, Rosan Perkasa Roeslani, arrived at 16.45 WIB and immediately entered the inner area of the Palace.
Thu, 24 Apr 2025, 00:00 WIB
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 401.5 trillion.
Wed, 23 Apr 2025, 00:00 WIB
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 Indonesia. Rosan explained that the South Korean consortium led by LG had not cancelled its investment, but had rather completed one stage of its investment programme.
Wed, 23 Apr 2025, 00:00 WIB
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. “It will continue,” the ministry’s Deputy for Investment Promotion, Nurul Ichwan, remarked on Wednesday. He revealed that the US technology giant had purchased land for the factory in Batam and expressed its seriousness about investing in Indonesia.
Thu, 24 Apr 2025, 00:00 WIB
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 Rp465.2 trillion. “The investment in the first quarter is in line with the target set by Bappenas for us.
Thu, 24 Apr 2025, 00:00 WIB
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. Rosan said the investment offers were received following President Prabowo Subianto’s state visit to Qatar, during which Qatar committed to investing US$2 billion in Danantara.
Wed, 23 Apr 2025, 00:00 WIB
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. The decision was based on an official letter from the Ministry of Energy and Mineral Resources (ESDM) dated 31 January 2025. Rosan emphasised that it was not LG and the South Korean consortium that decided to withdraw from the investment first.
Thu, 24 Apr 2025, 00:00 WIB
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 Indonesia remains strong.
Thu, 24 Apr 2025, 00:00 WIB
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. According to Roeslani, this achievement extends a decade-long trend of investment dominance by the Lion City, with Singaporean investment reaching approximately US$4.6 billion.
Wed, 23 Apr 2025, 00:00 WIB
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. Rosan stressed that the South Korean consortium led by LG has not cancelled its investment but has rather completed all stages of its investment commitments. “If I may explain briefly, LG’s investment totalled US$9.8 billion.
Wed, 23 Apr 2025, 00:00 WIB
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. BKPM Deputy for Investment Promotion Nurul Ichwan affirmed that Apple has purchased land for the factory construction as a concrete demonstration of their investment commitment in Indonesia.
Wed, 23 Apr 2025, 00:00 WIB
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.
Wed, 23 Apr 2025, 00:00 WIB
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. Speaking at a press conference at the Presidential Palace in Jakarta on Wednesday, 23 April 2025, Rosan said the figure represented 24.4 per cent of the full-year target of Rp1,905.6 trillion. “The first quarter investment is in line with the target set by Bappenas for us.
Wed, 23 Apr 2025, 00:00 WIB
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). Speaking through the Ministry’s Deputy for Promotion, Nurul Ichwan, Apple has already purchased land in Batam for the construction of an AirTag factory. “My assumption is that it will likely have an impact regarding US tariffs.