Indonesian Political, Business & Finance News

Archive: 2 May 2025

10 articles found

South Korean Conglomerate Federation Pledges USD 1.7 Billion in Additional Investment in Indonesia

President Prabowo Subianto received an honorary visit from the Federation of Korean Industries (FKI) on Monday, 28 April 2025. Coordinating Minister for Economic Affairs Airlangga Hartarto revealed that the meeting was attended by approximately 19 major South Korean companies, 18 of which have already invested in Indonesia. “The total investment made by these 19 companies amounts to nearly USD 15.4 billion,” Airlangga told media at the Merdeka Palace in Jakarta on Monday (28/4/2025).

Investment Minister Coordinates with Police to Crack Down on Extortion by Vigilante Groups

Minister of Investment and Downstream Industries/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has coordinated with National Police Chief General Listyo Sigit Prabowo and regional governments to eradicate thuggery by mass organisations that frequently impose illegal levies on businesses. His office has received direct complaints from investors. However, Rosan did not specify which parties had been targeted by the disreputable actions of these organisations.

Investment Minister Affirms South Korean Investment in Indonesia Remains Strong

Jakarta (ANTARA) - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani has affirmed that South Korean investment in Indonesia remains high, as evidenced by the inauguration of a factory belonging to South Korean chemical company Dongsung Chemical in Karawang, West Java.

South Korean Chemical Firm Dongsung Inaugurates Rp1.5 Trillion Factory in Karawang

Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, inaugurated Dongsung Chemical, a South Korean chemical company producing polyurethane (PU), in Karawang, West Java. At the inauguration, Rosan stated that the factory investment demonstrated that Indonesia remains an attractive investment destination, even for companies with high-technology products.

LG's Withdrawal from EV Battery Project Due to Global Market Factors, Not Indonesia: IBC

Jakarta (ANTARA) - The Indonesian Business Council (IBC) has stated that the cancellation of South Korean company LG’s investment in part of the electric vehicle (EV) battery consortium Grand Package project in Indonesia was not due to domestic dynamics, but rather global market factors.

Government Claims Apple Investment in Indonesia Proceeding as Planned

The government claims that Apple’s investment in Indonesia, particularly in Batam, is proceeding according to plan. Apple has even promised to double its investment in the country. This was conveyed by Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani during a press conference in Jakarta on Tuesday, 29 April 2025. “Apple has already purchased land in Batam. Land clearing and other preparations are already underway. So the investment is continuing as planned,” said Rosan.

South Korean Chemical Firm Dongsung Opens Largest Production Facility in Karawang

Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani attended the inauguration of Dongsung Chemical, a South Korean chemical company producing polyurethane (PU), in Karawang, West Java. During the ceremony marking the plant’s operational launch, Rosan emphasised the significance of the investment as an indicator that Indonesia remains an attractive investment destination, even for companies with high-technology products.

Government Committed to Supporting Investors Contributing to Economic Growth

JAKARTA - Investment is one of the main components of a country’s Gross Domestic Product (GDP). Increased investment can drive economic growth as it creates demand, enhances production capacity, and boosts public purchasing power. However, if investment is not balanced with workforce growth, structural unemployment may occur due to insufficient job creation.

Jakarta Records Highest Investment Realisation Nationwide at Rp69.8 Trillion in Q1 2025

Jakarta — Throughout the first quarter of 2025, investment realisation in DKI Jakarta Province reached Rp69.8 trillion, the highest of all provinces in Indonesia. The data was released by the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), confirming Jakarta’s strategic position as the primary magnet for investors, both domestic and foreign.

Jakarta Records Highest Provincial Investment in Indonesia at Rp69.8 Trillion in Q1 2025

The capital has once again made history in national investment performance. Investment realisation in DKI Jakarta Province during the first quarter of 2025 reached Rp69.8 trillion, making it the province with the highest investment value in Indonesia according to data from the Ministry of Investment and Downstreaming/BKPM.