Archive: 25 April 2025
42 articles found
Fri, 25 Apr 2025, 00:00 WIB
Investment Ministry Moves Quickly to Restructure EV Battery Project After LG's Exit
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 hold an immediate meeting with Huayou, a Chinese company, to discuss the consortium for the EV battery ecosystem project.
Fri, 25 Apr 2025, 00:00 WIB
Investment Ministry Official Criticises South Sulawesi's Over-Reliance on Regional Budgets for Infrastructure
MAKASSAR — Gatot Subyargo Wijayadi of the Ministry of Investment/BKPM has highlighted a governance mentality in South Sulawesi that he considers overly dependent on Regional Revenue and Expenditure Budgets (APBD) as the primary source of infrastructure development, Friday, 25 April 2025. Gatot cited the Makassar-Parepare railway project, whose construction has not progressed optimally.
Fri, 25 Apr 2025, 00:00 WIB
BYD Records 100.4% Profit Surge in Q1 2025, Fastest Growth in Nearly Two Years
BEIJING. BYD’s reputation as China’s leading electric vehicle manufacturer has yielded strong financial results. The company’s Q1 2025 profit surged 100.4% year-on-year, the fastest pace in nearly two years. This was driven by the Chinese electric vehicle giant expanding its advantage in the competitive domestic market by launching a smart electric vehicle price war.
Fri, 25 Apr 2025, 00:00 WIB
Indosat Ooredoo Hutchison Hosts Indonesia AI Day to Drive Digital Transformation in Mining Industry
JAKARTA, investor.id - Indosat Ooredoo Hutchison (IOH) has once again demonstrated its commitment to supporting national technological sovereignty by hosting the Indonesia AI Day for Mining Industry event on Thursday (24/4) at the Kempinski Grand Ballroom in Jakarta. The event continues the momentum from last November’s Indonesia Day gathering, this time with a specific focus on digital transformation in the mining sector.
Thu, 24 Apr 2025, 00:00 WIB
Q1 2025 Investment Realisation Reaches Rp465.2 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 Rp465.2 trillion is proof that the business community has confidence in Indonesia. “This confidence from the business community, both domestic and foreign, in Indonesia is very well maintained,” he said at the Indonesia AI Day event in Jakarta on Thursday.
Fri, 25 Apr 2025, 00:00 WIB
Culture Minister Fadli Zon Champions Culture-Based Development in East Nusa Tenggara
Minister of Culture Fadli Zon began his working visit to East Nusa Tenggara (NTT) by engaging in dialogue with the NTT Youth Forum (FP-NTT) at a seminar entitled “Dissecting the Phrase ‘Let’s Build NTT’: Culture-Based Development” in Kupang on Thursday morning. The event was also attended by NTT Governor Melki Laka Lena, demonstrating a commitment to central-regional synergy in advancing local culture.
Fri, 25 Apr 2025, 00:00 WIB
Government Terminated LG EV Battery Deal, Chinese Firm Huayou to Take Over
Investment and Downstream Minister/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani has spoken out regarding reports of the cancellation of an electric vehicle battery investment by a South Korean consortium led by LG. He claimed it was actually the government that terminated the agreement. “Perhaps I should clarify — it was said earlier that they terminated the contract.
Fri, 25 Apr 2025, 00:00 WIB
Coordinating Minister Airlangga Leads Bilateral Meeting with US Treasury Secretary on Reciprocal Tariffs
Coordinating Minister for Economic Affairs Airlangga Hartarto led a bilateral meeting with US Treasury Secretary Scott Bessent in Washington, DC, on Thursday afternoon (24/4/2025) local time, as a follow-up to the reciprocal tariff policy issued by US President Donald Trump on 2 April 2025. The meeting marked rapid progress in Indonesia’s economic diplomacy in responding to US trade policy.
Thu, 24 Apr 2025, 00:00 WIB
Government Declares AI Adoption Mandatory Across All Sectors
Jakarta, CNBC Indonesia - The government has confirmed that the use of Artificial Intelligence (AI) is now a necessity. The technology must be deployed across all sectors with the aim of achieving greater efficiency. “From what I can see, the advancement of AI going forward is already a necessity.
Thu, 24 Apr 2025, 00:00 WIB
Investment Minister Rosan Roeslani Hails AI as Key to Indonesia's Economic Competitiveness
Jakarta, CNBC Indonesia - Artificial Intelligence (AI) technology has become a new ‘treasure trove’ opening up numerous opportunities. The Indonesian government continues to push for AI adoption across all sectors, citing its extraordinary impact. “If we look at the tremendous benefits, it’s not only about improving efficiency and productivity.
Fri, 25 Apr 2025, 00:00 WIB
Economic News Roundup: Prabowo to Attend May Day, BKPM to Meet Huayou
Jakarta (ANTARA) - President Prabowo Subianto is scheduled to attend May Day on 1 May 2025, whilst the Investment Coordinating Board (BKPM) is set to hold a meeting with Huayou — these are among the economic news stories from Thursday (24/4/2025) worth revisiting this Friday morning.
Sun, 22 Feb 2026, 00:00 WIB
Economic Roundup: Prabowo to Attend May Day, BKPM to Meet Huayou Shortly
Jakarta (ANTARA) - President Prabowo Subianto is scheduled to attend May Day on 1 May 2025, whilst the Investment Coordinating Board (BKPM) is set to hold a meeting with Huayou — among the key economic stories from Thursday (24/4/2025) worth revisiting this Friday morning. Here is a summary of the full reports: 1.
Thu, 24 Apr 2025, 00:00 WIB
Huayou to Replace LG with US$8.6 Billion Investment in Indonesia's EV Battery Ecosystem
Stepping in as a replacement for LG, Huayou must commit a substantial investment and has been asked to work at a faster pace. Rosan Roeslani, Minister of Investment and Downstreaming/Investment Coordinating Board (BKPM), revealed that the project is valued at US$9.8 billion (Rp165.5 trillion). Huayou will be responsible for filling the remaining investment of US$8.6 billion (Rp145.2 trillion).
Thu, 24 Apr 2025, 00:00 WIB
AI Adoption Essential Across All Sectors, Says Investment Minister Rosan Roeslani
JAKARTA, investor.id – Minister of Downstreaming and Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that the use of artificial intelligence (AI) is a necessity across all sectors of life. “AI technology is an absolute necessity, not only in the mining sector but in every sector of our lives,” said Rosan after attending the Indonesia AI Day for Mining Industry 2025 at the Kempinski Grand Ballroom, Central Jakarta, on Thursday (24/4/2025).
Thu, 24 Apr 2025, 00:00 WIB
Indonesia Terminated LG Battery Project Partnership, Says Investment Minister
JAKARTA - Investment Minister/BKPM Head Rosan Perkasa Roeslani has spoken out regarding LG’s departure from the electric vehicle battery project consortium in Indonesia. Rosan stated that the decision to remove LG from the Titan project was made by the Indonesian Government through a letter issued by the Ministry of Energy and Mineral Resources (ESDM) on 31 January.
Fri, 25 Apr 2025, 00:00 WIB
LG EV Battery Investment Cancellation, Trump Tariffs, and Intellectual Property as Loan Collateral: Key Headlines
1. On LG’s Cancelled EV Battery Investment, Rosan Says: ‘Actually, We Were the Ones Who Decided!’ Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani stated that the Indonesian government had already decided not to proceed with the investment from the consortium led by LG. The decision was based on an official letter from the Ministry of Energy and Mineral Resources (ESDM) dated 31 January 2025.
Fri, 25 Apr 2025, 00:00 WIB
detikFinance to Host Indonesia Investment Talk Series on Downstreaming and Investment
Jakarta - detikFinance is set to hold a special event entitled Indonesia Investment Talk Series, which will thoroughly examine hot topics surrounding downstreaming and investment in Indonesia. The event will be held across two sessions and can be watched live via streaming. The first episode will air on Monday, 28 April 2025 at 13:00 WIB, featuring an exclusive interview with Todotua Pasaribu, Deputy Minister of the Ministry of Investment and Downstreaming/BKPM.
Thu, 24 Apr 2025, 00:00 WIB
President Prabowo Launches Indonesia Planting Movement for National Food Self-Sufficiency
Jakarta – On Wednesday (23/4/2025), in Banyuasin Regency, South Sumatra, President Prabowo Subianto announced that a concrete step had been taken with the launch of the Indonesia Planting Movement (Gerakan Indonesia Menanam/Gerina) — a commitment to involve all levels of society in achieving national food self-sufficiency. The President stated that Gerina is not merely symbolic but a collective planting movement.
Thu, 24 Apr 2025, 00:00 WIB
Top Five Sectors Drive Indonesia's Q1 2025 Investment to Rp 465.2 Trillion
Jakarta, CNBC Indonesia - Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani revealed the largest sectors contributing to Indonesia’s investment realisation in the first quarter of 2025. Total investment inflows in Q1 2025 reached Rp 465.2 trillion, a 15.9% increase compared with the same period the previous year.
Thu, 24 Apr 2025, 00:00 WIB
Singapore Remains Indonesia's Largest Foreign Investor with US$4.6 Billion in Q1 2025
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. Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani stated that Singapore has been Indonesia’s largest investor for the past ten years.
Fri, 25 Apr 2025, 00:00 WIB
India and Indonesia Unveil Collaborative Roadmap with IndiaTechZone, Special Economic Zone and Investment Desk
Jakarta, 25 April 2025 — The Indonesia Economic Forum, in collaboration with the Ministry of Investment and Downstream Industry, PT Jababeka Tbk, and the Indian Embassy in Indonesia, held a high-level forum entitled “The Innovation Edge: India–Indonesia Collaboration Towards a Future-Ready Economy” at the Nusantara Hall, Ministry of Investment and Downstream Industry (BKPM), Jakarta.
Thu, 24 Apr 2025, 00:00 WIB
First Quarter 2025 Investment Realisation Reaches Rp465.2 Trillion, Up 15.9 Per Cent Year-on-Year
President Prabowo Subianto received a report on first quarter 2025 investment realisation figures from Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani. 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. “Investment in the first quarter met the target set by Bappenas for us.
Thu, 24 Apr 2025, 00:00 WIB
Thuggery by Mass Organisations Threatens Indonesia's Investment Climate Amid BYD Factory Disruption
Jakarta — The issue of thuggery has once again come to the fore, but rather than on a personal scale, this time it is said to be shaking Indonesia’s image in the eyes of investors. The incident in question involves disruption by mass organisations against the construction of a factory belonging to Chinese electric vehicle manufacturer BYD.
Thu, 24 Apr 2025, 00:00 WIB
China's Huayou Cobalt to Fill US$8.6 Billion Gap After LG Exit from Indonesia's Integrated Battery Project
JAKARTA — The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) has stated that Zhejiang Huayou Cobalt Co. will fill the majority of the investment in Indonesia’s integrated nickel-based battery project following LG Energy Solution’s departure. Minister of Investment and Downstream Industries/Head of BKPM Rosan P Roeslani said Huayou would invest approximately US$8.6 billion or Rp145.2 trillion.
Thu, 24 Apr 2025, 00:00 WIB
Banyuwangi DPRD Commission II to Summon All Cooperatives Under Trade Agency Supervision
BANYUWANGI — The Banyuwangi Regional Legislative Council (DPRD) will soon summon all cooperatives operating under the supervision of the Department 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
China's Huayou Replaces LG Energy Solution as Lead Consortium Partner in Indonesia's US$9.8 Billion EV Battery Project
JAKARTA — South Korean company LG Energy Solution has withdrawn from the electric vehicle (EV) battery project in Indonesia. However, the government has confirmed the project will continue as LG’s position has been taken over by Huayou, a Chinese company. Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said Huayou was fundamentally already part of the larger ecosystem of the EV battery project consortium in Indonesia.
Thu, 24 Apr 2025, 00:00 WIB
First Quarter 2025 Investment Reaches Rp465.2 Trillion, Up 15.9 Per Cent
Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani held a press conference after reporting first quarter 2025 investment realisation figures to President Prabowo Subianto at the Presidential Palace in Jakarta on 23 April 2025. Rosan Roeslani stated that investment in the first quarter of 2025 reached Rp465.2 trillion, representing a 15.9 per cent increase compared with the same period in the previous year.
Thu, 24 Apr 2025, 00:00 WIB
Indonesia's Q1 2025 Investment Reaches Rp 465.2 Trillion, Up 15.9 Per Cent Year-on-Year
TEMPO.CO, Jakarta - Investment during the January–March period, or the first quarter of 2025, reached Rp 465.2 trillion. “In this first quarter, the investment that has come in, been realised, and disbursed stands at Rp 465.2 trillion, or approximately 24.4 per cent,” said Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani during an online press conference via YouTube on Wednesday, 23 April 2025.
Thu, 24 Apr 2025, 00:00 WIB
Indonesia Records Rp465.2 Trillion in Investment During First Quarter of 2025
JAKARTA — The government has recorded a positive achievement in investment realisation during the first quarter of 2025. At a press conference held at the Presidential Palace on 23 April, Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani revealed that total incoming investment reached Rp465.2 trillion. This figure is equivalent to 24.4 per cent of the government’s annual investment target of Rp1,905.6 trillion.
Thu, 24 Apr 2025, 00:00 WIB
Indonesia's First-Quarter Investment Reaches Rp 465.2 Trillion, On Track With Annual Target
Investment from domestic and foreign investors grew roughly in line with expectations in the first quarter of this year at just shy of a quarter of this year’s annual target set by the National Development Planning Agency (Bappenas). Investment and Downstream Minister Rosan Roeslani revealed on Wednesday that realised investment in the first three months of 2025 amounted to Rp 465.2 trillion (US$27.6 billion), or 24.4 per cent of the full-year target of Rp 1.9 quadrillion.
Thu, 24 Apr 2025, 00:00 WIB
Investment Minister Reveals Government Decision Behind LG's Departure from Electric Vehicle Battery Consortium
JAKARTA - Investment Minister and Head of BKPM Rosan Perkasa Roeslani has spoken out regarding LG’s departure from the electric vehicle battery project consortium in Indonesia. Rosan said that the decision for LG to withdraw from the Titan project was made by the Indonesian government through a letter issued by the Ministry of Energy and Mineral Resources (ESDM) on 31 January.
Thu, 24 Apr 2025, 00:00 WIB
Ministry of Investment to Hold Meeting with Huayou on EV Battery Consortium Following LG's Departure
JAKARTA - The Ministry of Investment and Downstreaming/Investment Coordinating Agency (BKPM) has stated that it will soon hold a meeting with Huayou, a Chinese company, to discuss the electric vehicle (EV) battery ecosystem consortium previously led by LG.
Thu, 24 Apr 2025, 00:00 WIB
Indosat Ooredoo Hutchison Hosts AI Day to Transform Indonesia's Mining Industry
Jakarta. Indosat Ooredoo Hutchison (IOH) hosted the “Indonesia AI Day for Mining Industry 2025” on Thursday, bringing together industry leaders, regulators, and technology partners to explore the future of artificial intelligence (AI) in transforming Indonesia’s mining sector. The event, themed “Navigating the Future of Indonesia’s Mining Industry,” aimed to demonstrate how AI can enhance productivity, sustainability, and economic growth in one of the nation’s key industries.
Fri, 25 Apr 2025, 00:00 WIB
South Sulawesi Government Orders Helena Night Mart to Cease Operations Over Licensing Violations
The South Sulawesi Provincial Government has firmly ordered PT Makassar Pettarani Point, the operator of the Helena Night Mart entertainment venue, to halt all activities. The nightlife establishment on Jalan AP Pettarani in Makassar’s Panakkukang district was found to be operating without a valid bar licence. During an operation conducted by the Makassar City Licensing Task Force on Wednesday, 23 April 2025 at 23:00 WITA, a number of serious violations were uncovered.
Thu, 24 Apr 2025, 00:00 WIB
Government Terminated LG's Electric Vehicle Investment Contract, Replaced by China's Huayou
TEMPO.CO, Jakarta - Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that LG’s departure from Indonesia’s electric vehicle (EV) investment project was because the government terminated the contract with them. “To be more precise, it was us who terminated it,” said Rosan during an online press conference via YouTube on Wednesday, 23 April 2025.
Thu, 24 Apr 2025, 00:00 WIB
Supporting AI Sovereignty: Mining Industry Transformation Continues to Be Driven Forward
Jakarta: Continuing its commitment to supporting artificial intelligence (AI) sovereignty since Indonesia Day held in November 2024, Indosat Ooredoo Hutchison (Indosat or IOH) hosted the Indonesia AI Day for Mining Industry. The event served as a platform to drive the adoption of artificial intelligence technology in Indonesia’s mining sector.
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 — Investment realisation in Indonesia during the first quarter of 2025 reached Rp465.2 trillion, or 24.4 per cent of the full-year target of Rp1,905.6 trillion. The figures were reported by Investment and Downstream Industries Minister/BKPM Head Rosan Roeslani during a meeting with President Prabowo Subianto at Merdeka Palace, Jakarta, on Wednesday (23/4). “Investment in the first quarter met the target set by Bappenas.
Thu, 24 Apr 2025, 00:00 WIB
Indonesia Terminated LG Battery Investment Deal, Not the Other Way Around, Says Investment Minister
JAKARTA — South Korean company LG Energy Solution has reportedly withdrawn hundreds of trillions of rupiah in investment from electric vehicle battery supply chain projects in Indonesia. However, Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has revealed a different account of events. Rosan stated that LG’s departure from the EV battery investment was in fact a decision made by the Indonesian Government.
Thu, 24 Apr 2025, 00:00 WIB
China's Huayou to Take Over LG's US$8.6 Billion EV Battery Project in Indonesia
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has revealed that Chinese company Huayou will continue the electric vehicle (EV) project previously undertaken by LG. Minister of Investment and Downstreaming and BKPM Head Rosan Roeslani explained that the total value of the project previously built by LG reached US$9.8 billion (approximately Rp165.5 trillion at an exchange rate of Rp16,885 per US dollar).
Thu, 24 Apr 2025, 00:00 WIB
Indosat Ooredoo Hutchison Hosts Indonesia AI Day for Mining Industry 2025
JAKARTA, investor.id – Indosat Ooredoo Hutchison (IOH) held Indonesia AI Day for Mining Industry 2025 at the Kempinski Grand Ballroom, Central Jakarta. The event highlighted the strategic role of artificial intelligence (AI), 5G, internet of things (IoT), and automation in supporting the digital transformation of Indonesia’s mining industry.
Thu, 24 Apr 2025, 00:00 WIB
Indonesia's Q1 2025 Investment Realisation Reaches Rp465.2 Trillion, Up 15.9% Year-on-Year
A report from the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) states that investment realisation in the first three months of 2025 reached Rp465.2 trillion. “Investment in the first quarter is in line with the target set by Bappenas and assigned to us.
Thu, 24 Apr 2025, 00:00 WIB
Aptech and Orbit Future Academy Sign MoU to Bring Digital Creative Training to Over 200 Indonesian Universities
Jakarta, 23 April 2025 – At the prestigious Indonesia Economic Forum – Technology Forum, themed “The Innovation Edge: India-Indonesia Collaboration for a Future-Ready Economy”, Aptech, a global leader in vocational skills training, signed a strategic Memorandum of Understanding (MoU) with Orbit Future Academy, a leading Indonesian education and innovation platform.