Indonesian Political, Business & Finance News

Archive: 30 April 2025

54 articles found

LG Energy Solution Plans Additional US$1.7 Billion Investment in Indonesia

JAKARTA — Investment and Downstreaming Minister and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani revealed that LG Energy Solution Ltd (LGES) plans to add US$1.7 billion (approximately Rp28.49 trillion at an exchange rate of Rp16,761) in investment. Rosan emphasised that not all LGES projects have been abandoned. LG Energy Solution withdrew from three of its four joint venture (JV) projects in the domestic electric vehicle (EV) battery supply chain, leaving one JV remaining.

LG Maintains Major Investment Commitment to Indonesia's EV Battery Ecosystem Despite Partial Withdrawal

NERACA Jakarta – Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that LG, previously reported to have cancelled its investment in the electric vehicle (EV) ecosystem project, has not entirely withdrawn from the project’s development.

Three Sectors Drive Jakarta's Investment Realisation in Q1 2025

The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) has recorded three sectors with the largest contributions to Jakarta’s investment realisation in the first quarter of 2025. Minister Rosan Roeslani revealed that the three sectors comprise Transport, Warehousing and Telecommunications at Rp24.5 trillion; Other Services at Rp16.6 trillion; and Housing, Industrial Estates and Office Space at Rp8.6 trillion.

Norad Director Explores Gulf State Partnerships Amid Massive Global Aid Cuts

The backdrop to Norad Director Bård Vegar Solhjell’s journey is enormous global aid cuts and what Development Minister Åsmund Aukrust (Labour Party) describes as a new aid landscape. But did Solhjell actually travel to the three Gulf states to seek new partners for Norwegian aid? “Yes,” Solhjell replies.

IMF Projects Indonesia's Economic Growth at Just 4.7% for 2025-2026, Far Below Government's 8% Target

JAKARTA – Indonesia’s economic growth for 2025-2026 is projected at only around 4.7%, well short of the 8% growth target pledged by the Prabowo administration. This was the focus of a public discussion held by Universitas Paramadina Jakarta, entitled “IMF Predicts Indonesia’s Economic Growth for 2025-2026 at Only 4.7%: What Can Indonesia Do?”, conducted online via Zoom on Monday (28/4/2025).

Indonesia's Q1 2025 Investment Reaches Rp 465.2 Trillion, Downstreaming Sector Surges 80 Per Cent

JAKARTA — The government recorded Indonesia’s investment realisation in the first quarter of 2025 at Rp 465.2 trillion. Of this total, investment in the downstreaming sector reached Rp 136.3 trillion, contributing 29.3 per cent of total realised investment. The figure indicates that the national downstreaming policy is increasingly becoming a primary attraction for investors, both domestic and foreign.

France's Eramet Plans to Expand Downstream Investment at Indonesia's Weda Bay Industrial Park

French company Eramet SA plans to expand its investment in the downstream sector at Indonesia Weda Bay Industrial Park (IWIP) in North Maluku. The plan was conveyed by Eramet to the government some time ago. “Their boss came here and met with us. So for me it’s exciting and it also gives confidence,” said Investment Minister/BKPM Head Rosan Roeslani when met at the Investment Ministry on Monday (30/4).

Lenovo Laptop and PC Assembly Facility Inaugurated in Batam

BATAM – Deputy Head of BP Batam, Li Claudia Chandra, attended the inauguration of Lenovo’s laptop and personal computer (PC) assembly facility at PT Sat Nusapersada on Tuesday (29/4/2025). The inauguration of the laptop and PC facility, which has met Domestic Component Level (TKDN) regulations, was officiated by Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu.

Apindo Warns Government Not to Be Complacent Despite Positive Q1 2025 Investment Performance

JAKARTA, investor.id - The Indonesian Employers’ Association (Apindo) has assessed that investment performance is on a positive trend in Q1 2025. However, the government must not become complacent, as significant challenges remain in achieving the investment realisation target of Rp 1,905.6 trillion for 2025. According to data from the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), investment realisation in Q1 2025 reached Rp 465.2 trillion.

Jababeka Industrial Estate Plans to Build Indonesia's Largest Industrial Innovation Centre, IndiaTechZone

The Jababeka Industrial Estate plans to expand its facilities by establishing Indonesia’s largest industrial innovation centre, named IndiaTechZone. The aim is to strengthen its role as an educational industrial tourism destination in Cikarang, as envisaged by the Bekasi Regency administration.

Investment Minister to Collaborate Danantara with GP Ansor's Holding Company BUMA

Jakarta (ANTARA) - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani plans to foster collaboration between Danantara and Badan Usaha Milik Ansor (BUMA), a holding company owned by Gerakan Pemuda (GP) Ansor. “As the leader or CEO of Danantara, I will naturally look at what collaborations we can pursue.

Downstream Investment Reaches Rp 136.3 Trillion in Q1 2025

Jakarta, VIVA – The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) recorded that investment realisation in the downstreaming sector reached Rp 136.3 trillion, or 29.3 per cent, in the first quarter of 2025. This figure rose 79.82 per cent year on year (yoy), or Rp 75.8 trillion.

Deputy Investment Minister Visits BP Batam to Accelerate Investment Growth

Deputy Head of BP Batam, Li Claudia Chandra, received a working visit from Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, at BP Batam. Todotua and his entourage were welcomed by Li Claudia and her staff on Tuesday (29/4/2025) afternoon at the BP Batam Marketing Centre.

Jakarta's Investment Realisation Surges to Rp69.8 Trillion in Q1 2025, Highest Nationwide

Jakarta – Investment realisation in DKI Jakarta Province continued to surge in 2025. According to data from the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), Jakarta’s investment realisation in the first quarter of 2025 (January to March) was the highest in Indonesia, reaching Rp69.8 trillion across a total of 114,451 investment projects, contributing 15 per cent of total national investment realisation.

First Quarter 2025 Investment Realisation Reaches 24.4 Per Cent of Annual Target

JAKARTA — Investment realisation for the first quarter of 2025 has reached 24.4 per cent of the full-year target. According to Minister of Downstreaming and Investment/Head of the Investment Coordinating Board (BKPM) Rosan P Roeslani, first quarter investment realisation stood at Rp 465.2 trillion, against a total 2025 target of Rp 1,905.6 trillion. “Investment in the first quarter has been on target.

Apple Purchases Land to Build AirTag Factory in Batam, Three More Vendors in Talks to Invest in Indonesia

Investment Minister and BKPM Head Rosan Roeslani has said that multinational technology company Apple Inc. has purchased land to build an AirTag factory in Batam, Riau Islands. He affirmed that Apple’s investment in Indonesia continues in line with the US company’s commitments, despite geopolitical tensions and trade wars. “The investment continues even though there are geopolitical and economic tensions.

LG's Withdrawal from Indonesia's US$7.7 Billion EV Battery Project Driven by US Inflation Reduction Act

Jakarta — Deputy for Investment Promotion at the Ministry of Investment and Downstreaming/BKPM, Nurul Ichwan, has revealed the reasons behind LG’s withdrawal from an electric vehicle battery investment project in Indonesia. The project was valued at 11 trillion won, or US$7.7 billion (Rp 129 trillion). Nurul explained that LG’s withdrawal was prompted by the United States Inflation Reduction Act (IRA), a policy that could potentially exclude Indonesian-processed nickel from the US market.

Singapore Tops List of Five Largest Investors in Indonesia During First Quarter of 2025

Minister of Investment and Downstream Industries and Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani outlined the five principal investor countries in Indonesia during the first quarter of 2025. Singapore retained the top position with investment totalling US$4.6 billion, or approximately Rp 76 trillion (assuming an exchange rate of Rp 16,666 per US dollar). “Over the past 10 to 11 years, Singapore has always been number one in terms of investment in Indonesia.

Apindo: Slowing Investment Growth Will Not Significantly Impact Economy

Jakarta — The Indonesian Employers’ Association (Apindo) has assessed that the slowdown in investment growth in Indonesia during the first quarter of 2025 will not significantly impact economic growth, as investment’s contribution to gross domestic product (GDP) remains lower than that of household consumption. The Ministry of Investment and Downstreaming/BKPM recorded that investment realisation in Q1 2025 grew 15.9% year-on-year, reaching Rp465.2 trillion.

China's Huayou Has Invested US$8.8 Billion in Indonesia, Plans to Reach US$20 Billion

Jakarta, CNBC Indonesia — Minister of Investment and Downstream Industries and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani revealed that Chinese company Huayou has already invested US$8.8 billion in Indonesia, equivalent to approximately Rp147.48 trillion (at an assumed exchange rate of Rp16,759 per US dollar).

China's Huayou Ready to Replace LG in Indonesia's EV Battery Project as Government Opens Door to New Investors

The Indonesian government is opening opportunities for new investors in the strategic electric vehicle battery sector. Following LG’s withdrawal from one of its major projects, Chinese company Huayou (Zhejiang Huayou Cobalt) has declared its readiness to take over LG’s role and expand its investment in Indonesia.

Deputy Investment Minister Visits BP Batam to Accelerate Investment Growth

BATAM – Deputy Head of BP Batam, Li Claudia Chandra, received a working visit from the Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, at BP Batam. Todotua and his delegation were welcomed by Li Claudia and her staff on Tuesday (29/4/2025) at the BP Batam Marketing Centre.

Deputy Investment Minister Visits BP Batam to Accelerate Investment Growth

Batam — Deputy Head of BP Batam, Li Claudia Chandra, received a working visit from the Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, at BP Batam. Todotua and his entourage were welcomed by Li Claudia and her team on Tuesday (29/4/2025) at the BP Batam Marketing Centre. In his remarks, Todotua said the purpose of his visit was to advance consolidation and strengthen communication regarding strategic measures to accelerate investment growth in Batam City.

Deputy Investment Minister Visits Batam to Accelerate Strategic Investment Growth

Efforts to accelerate the pace of national investment have entered a new chapter. Deputy Minister of Investment and Downstream Industries/Deputy Head of BKPM, Todotua Pasaribu, conducted a working visit to BP Batam on Tuesday (29/4/2025) to drive the acceleration of strategic investment growth in Batam City. The visit was welcomed directly by Deputy Head of BP Batam, Li Claudia Chandra, together with officials at the BP Batam Marketing Centre.

IMF Projects Indonesia's Economic Growth at Just 4.7%: Experts Warn of Structural Vulnerabilities

JAKARTA — Universitas Paramadina held a public discussion entitled “IMF Predicts Indonesia’s Economic Growth for 2025-2026 at Only 4.7%: What Can Indonesia Do?” via Zoom on Monday (28/4/2025). In his presentation, Universitas Paramadina Vice Rector Handi Risza Idris revealed that the International Monetary Fund (IMF) and World Bank had recently cut Indonesia’s economic growth projection to 4.7%, below the psychological threshold of 5%.

Norad Director Explores Gulf State Partnerships Amid Global Aid Cuts

The framework for Norad Director Bård Vegar Solhjell’s recent trip to the Gulf was shaped by enormous global aid cuts and what Norwegian Development Minister Åsmund Aukrust (Labour) describes as a new aid landscape. But did the Norad director actually travel to the three Gulf countries to seek new partners for Norwegian development assistance? “Yes,” Solhjell replies.

China's Huayou Set to Replace LG Energy Solution in Indonesia's EV Battery Supply Chain Project

Jakarta, CNBC Indonesia - Investment and Downstreaming Minister and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said he has met with Chinese company Huayou to replace South Korean firm LG Energy Solution (LGES) in Indonesia’s electric vehicle battery supply chain project. Rosan stated that he met with Huayou representatives on Saturday (26/4/2025) last week, with follow-up discussions planned for May. “They came on Saturday evening.

Huayou EV Battery Ecosystem Project in Indonesia to Use Latest Technology, Says Investment Minister

Jakarta (ANTARA) - Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that the development of the electric vehicle (EV) battery ecosystem project in Indonesia with Chinese company Huayou will utilise the latest technology. “With Huayou, we naturally want to ensure that this investment uses the most up-to-date technology,” he said in Jakarta on Tuesday.

Tax Revenue Reaches Rp322.6 Trillion in Q1 2025, Down 18.1% Year-on-Year

JAKARTA, DDTCNews – The Ministry of Finance has reported that tax revenue for the January-March 2025 period reached Rp322.6 trillion, equivalent to 14.7% of the Rp2,189.3 trillion target. This figure represents an 18.1% contraction year-on-year. Nevertheless, Finance Minister Sri Mulyani Indrawati expressed optimism that revenue performance would improve going forward.

Indonesia Must Compete with Vietnam's Attractive Investment Incentives, Says BKPM Official

Jakarta — The Indonesian government faces stiff competition from Vietnam in attracting investment. According to Nurul Ichwan, Deputy for Investment Promotion at the Ministry of Investment and Downstreaming/BKPM, Vietnam offers a number of highly attractive incentives to investors, including land rent exemptions for businesses investing in the country — a benefit extended even to large companies that can well afford to pay.

Government Prepares 'Fictive Positive' Policy to Slash Investment Permit Delays

Jakarta – Deputy for Investment Promotion at the Ministry of Investment and Downstreaming/BKPM, Nurul Ichwan, has identified the key obstacles that frequently hinder investment in Indonesia, chief among them the lengthy permit process. Despite this, the government is continuously working to improve regulations to streamline licensing, including through the planned implementation of a “fictive positive” mechanism to accelerate investment permits.

Investment Realisation Reaches Rp465.2 Trillion in First Quarter of 2025

JAKARTA - The Ministry of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) recorded that investment realisation in the first quarter of 2025 reached Rp465.2 trillion, or 24.4 per cent of the government’s 2025 target of Rp1,905.6 trillion. Minister of Investment and Downstreaming/Head of BKPM Rosan Perkasa Roeslani said the investment realisation was supported by both foreign investment (PMA) and domestic investment (PMDN).

Investment Realisation Reaches Rp465.2 Trillion in First Quarter of 2025

JAKARTA - The Ministry of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) recorded that investment realisation in the first quarter of 2025 reached Rp465.2 trillion, or 24.4 per cent of the government’s 2025 target of Rp1,905.6 trillion. Investment and Downstreaming Minister/Head of BKPM Rosan Perkasa Roeslani said the investment realisation increased 2.7 per cent from the fourth quarter of 2024, which stood at Rp452.8 trillion.

Apple Set to Increase Investment in Indonesia, Says Minister Rosan Roeslani

Jakarta (ANTARA) - Investment and Downstreaming Minister Rosan Roeslani has indicated that Apple will invest more in Indonesia, following the technology major’s commitment to build an AirTag production facility in Batam, Riau Islands Province. “Based on our (last) communication with them, we see that Apple’s investment (in Indonesia) will increase,” he said here on Tuesday.

China's Huayou to Increase Investment in Indonesia's EV Battery Supply Chain

Jakarta, CNBC Indonesia — Investment and Downstreaming Minister and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, stated that Chinese company Huayou will increase its investment in Indonesia, including plans for an electric vehicle battery supply chain project in the country.

Investment Minister Addresses Thuggery at BYD Electric Vehicle Factory Project in Subang

Jakarta, CNBC Indonesia - Investment and Downstreaming Minister, also head of the Investment Coordinating Board (BKPM), Rosan P Roeslani has spoken out regarding thuggery practices occurring at the Chinese electric vehicle manufacturer BYD’s factory project in the Subang Industrial Zone. Rosan stated that he had received reports about the disruptive actions by mass organisations (Ormas).

West Java Tops Foreign Direct Investment Destinations with US$2.2 Billion in Q1 2025

Jakarta, CNBC Indonesia — The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) recorded foreign direct investment (FDI) of Rp230.4 trillion, or 49.3% of total realised investment. Meanwhile, domestic direct investment stood at Rp234.8 trillion, or 50.5% of total realised investment. FDI increased by 12.7% in the first quarter of 2025. By location, BKPM recorded that West Java was the top destination for FDI, with total realised investment of US$2.2 billion.

Central Government Strengthens Investment Drive in Batam Through Task Force and Service Desk

BATAM — The central government, through the Ministry of Investment and Downstreaming, continues to push investment growth in Batam. This was marked by a working visit from Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, to the Batam Authority (BP Batam) on Tuesday (29/4/2025). Todotua and his entourage were welcomed directly by Deputy Head of BP Batam, Li Claudia Chandra, at the BP Batam Marketing Centre.

Rp1,500 Trillion in Investment Unrealised in 2024 Due to Licensing and Competitiveness Issues

Attracting investors to do business in Indonesia is no easy task, particularly amid worsening global economic uncertainty. Many capital owners are holding back funds from investing in various destination countries, including Indonesia. Deputy Minister of Investment and Downstreaming/Deputy Head of the Investment Coordinating Board (BKPM), Todotua Pasaribu, acknowledged that a significant volume of investment failed to materialise last year, amounting to approximately Rp1,500 trillion.

Deputy Investment Minister Visits BP Batam to Accelerate Investment Growth

Deputy Head of BP Batam, Li Claudia Chandra, received a working visit from Deputy Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, at BP Batam. Todotua and his delegation were welcomed by Li Claudia and her staff on Tuesday (29/4/2025) at the BP Batam Marketing Centre. In his remarks, Todotua said the purpose of his visit was to advance consolidation and strengthen communication regarding strategic measures to accelerate investment growth in Batam City.

LG Maintains Commitment to Electric Vehicle Battery Project as Indonesia Seeks Faster Progress

Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has stated that LG, previously reported to have cancelled its investment in the electric vehicle (EV) ecosystem project, has not entirely withdrawn from the development of the project. He explained that the project comprises four joint ventures with different development focuses, and confirmed that LG remains involved in one of the joint ventures within the project known as the Grand Package.

BKPM Confident Apple Remains Committed to Increasing Investment in Indonesia

JAKARTA — Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that leading US technology company Apple is committed to increasing its investment value in Indonesia. Rosan said this commitment was conveyed by Apple based on communications conducted after the company committed to building an AirTag production facility in Batam. “We see that Apple’s investment, based on our communication with them, will actually increase.

Huayou Invests US$8.8 Billion in Indonesia, Eyes Additional US$20 Billion

Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has revealed that Chinese company Huayou is not only continuing the integrated electric vehicle battery supply chain ecosystem investment project abandoned by LG Energy Solution, but is also exploring a number of other potential investments in Indonesia. Rosan said the subsidiary of Zhejiang Huayou Cobalt is pursuing two tracks.

Investment Minister Responds to Thuggery Targeting BYD Factory Construction in Subang

Minister of Investment and Downstream Industries/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani has spoken out regarding acts of thuggery carried out by a mass organisation amid the construction of the BYD factory in Subang, West Java. Rosan confirmed he had received reports on the matter and had requested National Police Chief Listyo Sigit Prabowo and the local government to ensure such acts of thuggery in business areas do not recur.

Apple Commits to Increasing Investment Value in Indonesia

JAKARTA — Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani stated that leading American technology company Apple has committed to increasing its investment value in Indonesia. Rosan said in Jakarta on Tuesday that the commitment was conveyed by Apple based on communications conducted after the company committed to building an AirTag production facility in Batam.

Singapore Tops Indonesia's Largest Foreign Investors in Q1 2025, Not China

Jakarta — The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has recorded the five countries with the largest investments during the first quarter of 2025. Rather than China, the country occupying the top position as Indonesia’s biggest investor is Singapore.

Ministry of Energy Hands Fate of Four Aneka Tambang Gold Exploration Permits to BKPM

JAKARTA. The Ministry of Energy and Mineral Resources (ESDM) has handed over the fate of four gold exploration Mining Business Permits (IUP) belonging to PT Aneka Tambang Tbk (ANTM) to the Investment Coordinating Board (BKPM).

China's Huayou to Invest Additional US$20 Billion in Indonesia

JAKARTA — Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani has announced that Chinese company Huayou plans to invest US$20 billion (approximately Rp 336 trillion at an assumed exchange rate of Rp 16,800) in Indonesia. The investment will be used in part to fund the development of electric vehicle (EV) batteries.

Trade War Turbulence Will Not Hinder Apple's Investment in Indonesia, Says Investment Minister Rosan

TEMPO.CO, Jakarta - Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has said that trade war turbulence will not hinder Apple Inc.’s investment in Indonesia. On the contrary, he stated that this type of investment would actually increase in tandem with US President Donald Trump’s import tariff policies.

South Korean Investment Interest in Indonesia Remains Strong Despite LG Battery Project Cancellation

Investment and Downstream Industries Minister and Head of the Investment Coordinating Board (BKPM), Rosan P Roeslani, has confirmed that South Korean investment interest in Indonesia remains substantial. This follows the cancellation of LG Energy Solution’s electric vehicle (EV) battery project in Indonesia. Rosan noted that up to the first quarter of 2025, South Korean investment realisation in Indonesia reached USD 683.29 million.

Indonesia's Q1 2025 Investment Realisation Reaches Rp 465.2 Trillion

Jakarta, CNBC Indonesia — The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) recorded that investment realisation up to the first quarter of 2025 reached Rp 465.2 trillion. This figure represents approximately 24.4% of the 2025 investment realisation target of Rp 1,905.6 trillion. Meanwhile, this realisation rose 15.9% compared to the fourth quarter of 2024 and increased 2.7% compared to the same period last year.

Investment Minister Confident 2025 Target of Rp 1,905.6 Trillion Is Achievable

JAKARTA, investor.id — Investment Minister and Head of the Investment Coordinating Board (BKPM) Rosan Roeslani expressed confidence that the 2025 investment target of Rp 1,905.6 trillion can be achieved. However, the government also acknowledges the pressures from the global economy that are affecting investment. “God willing, it will be achieved. Indeed, it represents a 15.9% increase from the previous year’s investment target.

Decision on Return of Four Antam Gold Exploration Permits Rests with Investment Minister Rosan

The decision on the return of four gold exploration Mining Business Permits (IUP) belonging to PT Aneka Tambang Tbk (ANTM) lies in the hands of the current Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani.

Government Assures South Korean Investment Will Continue to Rise Despite LG Energy Solution's Project Exit

Jakarta — The government has assured that investment from South Korea will continue to increase, following LG Energy Solution’s withdrawal from one of its projects in Indonesia. In fact, LG is reportedly planning to expand one of its programmes with an investment worth US$1.7 billion, or approximately Rp28.56 trillion (at an exchange rate of Rp16,800 per dollar).