Indonesian Political, Business & Finance News

Archive: 29 April 2025

45 articles found

Apple Committed to Increasing Investment in Indonesia, Says Investment Minister Rosan Roeslani

Investment Minister and BKPM Head Rosan Roeslani has spoken about the progress of Apple’s investment in Indonesia. According to him, the US technology giant is committed to increasing the value of its investment in the country. “We see that Apple’s investment, based on our communications with them, will actually increase, because we have already spoken with three other Apple vendors about investing in Indonesia,” said Rosan on Tuesday, 29 April 2025.

Investment Growth Slows in Q1 2025 Amid Thuggery in Industrial Zones

JAKARTA, KOMPAS — Investment realisation in the first three months of 2025 grew at a slower pace compared with the same period the previous year. Besides indicating the continued weakness of incentive effectiveness, the slowdown is also inseparable from the problem of thuggery in industrial zones that has recently come under the spotlight.

LG Energy Solution Not Fully Withdrawing from Indonesia, Government Says Chinese Firm Huayou to Replace Role in Battery Projects

JAKARTA, KOMPAS — The government has confirmed that South Korean battery manufacturer LG Energy Solution is not entirely pulling its investment from Indonesia. The company is claimed to be increasing its investment in a battery cell factory project through a partnership with Hyundai Motor Group in Karawang Regency, West Java.

Investment Minister Coordinates with Police to Combat Thuggery and Illegal Levies Targeting Investors

The government, through the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), has coordinated with the police to eradicate thuggery by mass organisations and illegal levies targeting businesses. Investment and Downstreaming Minister/BKPM Head Rosan Roeslani made the announcement following widespread complaints from entrepreneurs about thuggery and extortion.

Downstream Investment Surges 79.82% in Q1 2025, Reaching Rp 136.3 Trillion

Investment realisation in the downstream processing sector recorded a significant surge in the first quarter of 2025, reaching Rp 136.3 trillion or 29.3% of total national investment for the period. This figure far exceeded the average trend over the past three years, which hovered around 23–24%. On a year-on-year basis, the value of downstream investment grew 79.82%, whilst on a quarter-on-quarter basis it increased 1.04%.

Downstream Investment Reaches Rp136.3 Trillion in Q1 2025, Mineral Sector Dominates

The Ministry of Investment and Downstream/Investment Coordinating Board (BKPM) recorded total downstream investment realisation of Rp136.3 trillion throughout the first quarter of 2025. This figure is equivalent to 29.3 per cent of total national investment, growing 0.14 per cent compared with the same period last year. The mineral sector dominated downstream investment with a value of Rp97.60 trillion.

Top 10 Countries Investing the Most in Indonesia in Q1 2025

Jakarta, VIVA – Minister of Investment and Downstreaming, who also serves as Head of the Investment Coordinating Board (BKPM), Rosan P Roeslani, revealed that investment realisation in the first quarter of 2025 reached Rp 465.2 trillion. Foreign direct investment (FDI) was recorded at Rp 230.4 trillion, representing a 12.7 per cent increase year on year. Rosan said the largest foreign investments came from Singapore and Hong Kong.

LG Maintains Commitment to Electric Vehicle Ecosystem Investment, Says Investment Minister

Jakarta (ANTARA) - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that LG, which had previously been reported to have cancelled its investment in the electric vehicle (EV) ecosystem project, has not entirely withdrawn from the development of the project.

Government Conducts Comprehensive Evaluation of State-Owned Enterprises Under Danantara

The government has taken firm steps to strengthen state enterprise governance, including conducting a comprehensive evaluation of State-Owned Enterprises (BUMN). According to the Head of the Danantara Investment Management Agency and Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani, the evaluation is being carried out in accordance with President Prabowo Subianto’s directives to ensure all BUMN leadership shares aligned vision and mission.

China's Huayou Group Plans Up to US$20 Billion Investment in Indonesia

JAKARTA, investor.id – The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stated that Chinese company Huayou Group has already invested US$8.8 billion in Indonesia. The company plans to invest up to US$20 billion in the country. “Going forward, according to their calculations, it could reach an additional US$20 billion.

Jembrana Regent Pledges Continued Support for Youth Development After Dual National Achievements

This past weekend proved a golden moment for Jembrana Regency, as two of the district’s finest young talents achieved outstanding success at the national level in two distinct fields: martial arts and academic competition. Talented pencak silat athlete Naila Dwi Safira, from Pengambengan Village, successfully raised Jembrana’s flag on the highest podium at the Jember Championship 3 Pencak Silat Tournament held at GOR PKPSO Kaliwates, East Java (14–15 February).

Jembrana Students Shine at National Level in Martial Arts and Academic Competitions

This past weekend proved a golden moment for Jembrana Regency, as two of the district’s finest young talents achieved outstanding success at the national level in two different fields: martial arts and academic competition. Naila Dwi Safira, a talented pencak silat athlete from Pengambengan Village, successfully raised Jembrana’s flag on the highest podium at the Jember Championship 3 Pencak Silat Tournament, held at GOR PKPSO Kaliwates in East Java on 14–15 February.

Base Metal Industry Leads Q1 2025 Investment at Rp67.3 Trillion

JAKARTA — The Ministry of Investment and Downstreaming/BKPM reported that the Base Metal, Metal Goods, Non-Machinery and Equipment Industry remained the sub-sector attracting the highest investment realisation throughout Q1 2025, reaching Rp67.3 trillion.

LG Not Fully Withdrawing from EV Investment, Minister Clarifies; Huayou Named as Replacement

TEMPO.CO, Jakarta - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has clarified the widely reported withdrawal of South Korean company LG from electric vehicle investment in Indonesia. According to Rosan, LG has not withdrawn from all its investments. “Not all their programmes have stopped. The withdrawal is actually only from Joint Ventures (JV) I, II, and III. Meanwhile, JV IV is already operational and completed.

Apple Investment Set to Grow Through Huayou Partnership

Jakarta: The investment process by US-based company Apple is reportedly progressing well. Investment from the global technology giant is also expected to increase significantly going forward. Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani revealed that Apple’s investment in Batam has passed the land selection stage and factory construction will commence shortly. This continues despite the ongoing trade war.

Domestic Investment Overtakes Foreign Investment for First Time in Q1 2025

Warta Ekonomi, Jakarta — Foreign investment realisation in Indonesia recorded slower growth compared to domestic investment in the first quarter of 2025. According to data from the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), Foreign Direct Investment (FDI) was recorded at Rp230.4 trillion, growing only 12.7 per cent compared to the same period last year. Conversely, domestic investment surged to Rp234.8 trillion, rising 19.7 per cent year-on-year.

Government Yet to Finalise Alternative Incentives for Investors Amid Global Minimum Tax Implementation

JAKARTA, DDTCNews - The government has yet to complete the formulation of alternative incentives to be offered to investors following the implementation of the global minimum tax in Indonesia under Minister of Finance Regulation (PMK) 136/2024. Minister of Investment and Downstream Industries/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said the new incentives are being reviewed by the Ministry of Finance (Kemenkeu).

Investment Minister to Enlist Police Help Against Thuggery Disrupting Industrial Estates

JAKARTA - Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani will enlist the police to tackle acts of thuggery disrupting investment activities in industrial estates. This follows reports of civil society organisations (ormas) disrupting the construction of a factory by Chinese automotive company BYD in Subang, West Java, some time ago.

Indonesia Captured Only US$39 Billion of US$240 Billion in Southeast Asian Investment Flows in 2024

Jakarta — Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM Todotua Pasaribu has spoken candidly about the enormous opportunity Indonesia has to attract investment. Reflecting on capital flows into Southeast Asia in 2024, Indonesia has yet to capture its optimal share.

Investment Realisation Reaches Rp465.2 Trillion in Q1 2025, Up 24.4%

Jakarta: Investment realisation in the first quarter of 2025 reached Rp465.2 trillion, equivalent to 24.4 per cent of this year’s capital investment target of Rp1,905.6 trillion. The realisation was supported by the performance of both foreign direct investment (PMA) and domestic direct investment (PMDN), each recording significant growth.

Apple Investment in Indonesia Set to Increase as Three New Vendors Explore Opportunities

Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani made the announcement after discussions with three Apple vendors currently exploring investment opportunities in Indonesia. “We see that Apple’s investment, based on our communications with them, will actually increase. It will increase. Why?

Investment Ministry Coordinates with Police to Crack Down on Extortion and Thuggery Targeting Investors

JAKARTA, DDTCNews - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stated it is coordinating with the police to eradicate thuggery by mass organisations and illegal levies targeting investors. Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani expressed hope that in future no investors would be disturbed by thugs or illegal levies.

Investment Minister Rosan Roeslani Vows Crackdown on Thuggery at Industrial Estates Including BYD Factory

Investment and Downstream Industries Minister/BKPM Head and Danantara CEO Rosan Roeslani has affirmed that the government is taking the issue of thuggery prevalent in a number of industrial estates, including the BYD factory, very seriously. He stated that such practices could have a negative impact on Indonesia’s investment climate. “We have received the reports and are coordinating with the National Police Chief as well as local governments to ensure these incidents do not occur.

Huayou Group Realises US$8.8 Billion Investment in Indonesia, Eyes Additional US$20 Billion

JAKARTA. Minister of Investment and Downstream Industries/Head of BKPM Rosan Roeslani has revealed that Chinese company Huayou Group has realised investments totalling US$8.8 billion in Indonesia to date. Beyond that, Huayou has indicated the potential for a significant additional investment worth up to US$20 billion in the near future.

Downstream Industry Investment Reaches Rp 136.3 Trillion in Q1 2025, Up 79.82% Year-on-Year

JAKARTA, investor.id - Investment realisation in the downstream processing sector reached Rp 136.3 trillion in the first quarter of 2025. Compared with the previous quarter, this represented growth of 1.04%, whilst compared with Q1 2024 it marked a 79.82% increase from Rp 75.8 trillion. Minister of Investment and Downstream Processing/Head of BKPM Rosan Perkasa Roeslani said that Q1 2025 saw a significant increase in downstream investment.

Singapore Remains Indonesia's Top Investor as Q1 2025 Investment Reaches Rp 465.2 Trillion

Jakarta - China is often associated with investment in Indonesia. However, China is not the country with the most investment in the country. The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) reported the five countries with the largest investments during the first quarter of 2025. First place is still held by Singapore, with total investment of US$4.6 billion or approximately Rp 77.2 trillion (at an exchange rate of Rp 16,800).

China's Huayou Cobalt Plans US$20 Billion Additional Investment in Indonesia, Surpassing LG

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has revealed that Zhejiang Huayou Cobalt Co plans an additional US$20 billion (equivalent to Rp335 trillion) in investment in Indonesia, exceeding that of LG. Investment Minister and BKPM Head Rosan Roeslani said the Chinese smelting giant has already invested extensively in various countries, including Indonesia. To date, Huayou has invested US$8.8 billion (Rp147 trillion) in the country.

Bauxite Downstream Investment Surges Ninefold in First Quarter of 2025

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has projected that investment in bauxite downstreaming will continue to rise in the coming years. BKPM data shows that realised bauxite investment in the first quarter of 2025 surged to Rp12.84 trillion, compared with Rp1.4 trillion in the same period last year.

Downstream Investment Reaches Rp136.6 Trillion in Q1 2025, Up 79.82% Year-on-Year

JAKARTA — Minister of Investment and Downstreaming/Head of BKPM Rosan Perkasa Roeslani announced that investment realisation in the downstreaming sector reached Rp136.6 trillion in the first quarter of 2025. His ministry recorded that this figure rose 79.82% year-on-year compared with the same period the previous year, which stood at Rp75.8 trillion.

Indonesia's Q1 2025 Investment Realisation Reaches Rp 465.2 Trillion

Jakarta, CNBC Indonesia — The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) recorded that Indonesia’s investment realisation in the first quarter of 2025 reached Rp 465.2 trillion, equivalent to 24.4% of the 2025 annual investment realisation target of Rp 1,905.6 trillion. BKPM noted that Q1 2025 investment realisation rose 15.9% quarter-on-quarter and increased 2.7% year-on-year.

Domestic Investment Grows 19.1% in Q1 2025, Reaching Rp 234.8 Trillion

Jakarta, CNBC Indonesia - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) reported that domestic investment (PMDN) reached Rp 234.8 trillion, accounting for 50.5% of total investment realisation. PMDN grew by double digits, recording 19.1% growth in the first quarter of 2025. Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani revealed that the increase in domestic investment was driven by infrastructure improvements, particularly toll roads.

Indonesia's Q1 2025 Investment Realisation Reaches Rp 465.2 Trillion, Up 15.9%

Jakarta, CNBC Indonesia - Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani reported that investment realisation in the first quarter of 2025 reached Rp 465.2 trillion. This figure rose 15.9% compared to the fourth quarter of 2024 and increased 2.7% compared to the same period last year.

Investment Minister Confident Rp1,905 Trillion Target Can Be Met Despite Global Geopolitical Dynamics

Jakarta (ANTARA) - Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani expressed confidence that the investment target of Rp1,905 trillion by the end of 2025, or over the remaining three quarters, can be achieved despite global geopolitical dynamics such as trade wars.

Investment Realisation Reaches Rp 465.2 Trillion in Q1 2025, Growing 15.9% Year-on-Year

The Ministry of Investment/Investment Coordinating Board (BKPM) has reported that investment realisation in the first quarter of 2025 reached Rp 465.2 trillion, equivalent to 24.4% of the 2025 target of Rp 1,905.6 trillion. Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani said the figure grew 15.9% year-on-year and 2.7% quarter-on-quarter. “This is in line with our targets and expectations,” Rosan said at a press conference in Jakarta on Monday (29/4).

All 844 State-Owned Enterprises Now Officially Under Danantara, Assets Near US$1 Trillion

Jakarta - Danantara CEO Rosan Roeslani said that all state-owned enterprises (BUMN), together with their subsidiaries and sub-subsidiaries, have officially become part of Danantara Indonesia as of 21 March 2025. The information was conveyed directly before President Prabowo Subianto.

Indonesia's Q1 2025 Investment Growth Slows as Authorities Highlight Thuggery and Licensing Issues

JAKARTA — Indonesia’s investment realisation growth in the first quarter of 2025 slowed compared to the same period last year, with authorities highlighting problems ranging from thuggery to business licensing. Investment and Downstreaming Minister/BKPM Head Rosan Roeslani reported that investment realisation reached Rp465.2 trillion during January to March 2025, growing 15.9% year on year (YoY).

LG Energy Solution Plans to Increase Battery Cell Factory Investment in Indonesia by US$1.7 Billion

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has revealed LG Energy Solution’s plans to increase investment in its operational battery cell factory in Indonesia. The project is the fourth joint venture (JV 4) in the development of the battery ecosystem supply chain in Indonesia, operated by PT Hyundai LG Indonesia (HLI) Green Power, which has been in operation since July 2024.

Hundreds of Thousands of Tourists Enter Bali but Hotel Occupancy Drops: Unlicensed Accommodation Under Scrutiny

DENPASAR – Hundreds of thousands of tourists entered Bali at the start of 2025, yet hotel occupancy rates declined, raising questions. These so-called ‘phantom tourists’ are suspected of staying in unlicensed accommodation owned by fellow foreign nationals, such as villas and homestays.

844 State-Owned Enterprises Officially Join Danantara

JAKARTA - Head of the Anagata Nusantara Power Investment Management Agency (BPI Danantara) Rosan Pekasa Roeslani said that 844 State-Owned Enterprises (BUMN), including their subsidiaries and sub-subsidiaries, have officially joined Danantara. Rosan said hundreds of state-owned companies officially joined Danantara as of 21 March 2025.

Celebrating Indonesian Heritage: Women in Kebaya Event Unites Culture and Diplomacy

As a guest of honour, Fatma Saifullah Yusuf also modelled kebaya designs by Putri Pare Setiawati alongside Tina Astari Manan, wife of the Minister for SMEs, Nani Hadi Tjahjanto, General Chairwoman of Kowani, Dewi Motik Pramono, and Nunun Daradjatun, wife of the former Deputy National Police Chief. Senior actress Christine Hakim delivered a monologue drawn from the letters of R.A. Kartini to E.H. Zeehandelaar.

Korean Business Groups Plan US$1.7 Billion Additional Investment in Indonesia

President Prabowo Subianto has revealed that total realised investment by 19 Korean corporate groups has reached nearly US$15.4 billion. Following a meeting on Monday (28/4), Korean business leaders plan to add a further US$1.7 billion (equivalent to Rp 30 trillion) in investment. However, economist Nailul Huda of the Center of Economics and Law Studies (Celios) has cautioned that such investment commitments should not remain mere plans without realisation.

APINDO and FKI Agree to Strengthen Cooperation in Industrial Downstreaming, Renewable Energy, and Digital Economy

JAKARTA — APINDO and the Federation of Korean Industries (FKI) held an Indonesia-Korea Business Round Table and agreed to strengthen cooperation in industrial downstreaming, renewable energy, infrastructure, and the digital economy. South Korean companies attending the event have completed investments worth Rp270 trillion (approximately 23 trillion won) and plan to continue additional investments across various sectors including advanced manufacturing and mineral resources.

Rempang Eco City Removed from National Strategic Projects List, Commission VI Confirms

Jakarta, MI - Member of House of Representatives Commission VI from the PDIP faction, Rieke Diah Pitaloka, has affirmed that the Rempang Eco City project is no longer listed among the National Strategic Projects (PSN). This is based on Presidential Regulation (Perpres) Number 12 of 2025 concerning the National Medium-Term Development Plan (RPJMN) 2025-2029.

Tourism Ministry to Review Online Single Submission System Following Misuse Complaints in Bali

Denpasar — The Ministry of Tourism is set to discuss issues surrounding the Online Single Submission (OSS) system with the Investment Coordinating Board (BKPM), following complaints from district and city tourism offices in Bali that the system is frequently being misused by business operators. OSS is Indonesia’s integrated electronic business licensing system, designed to simplify and expedite the business permit process.

Huayou Partners with Chinese Firm to Continue EV Battery Project After LG Replacement

Jakarta (ANTARA) - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has stated that Huayou, a Chinese company, is partnering with another Chinese firm to continue the electric vehicle battery project previously led by LG Energy Solution. “The partner will build the next 20 gigawatt hours (GWh). We will announce it later — this is one of the top seven companies in the world. From China,” said Bahlil when met at the ESDM Ministry in Jakarta on Monday.