Indonesian Political, Business & Finance News

Archive: 7 May 2025

17 articles found

Two Senior Officials Allegedly Closely Involved in Worldcoin Project in Indonesia

Two prominent figures in Indonesia are alleged to have been closely overseeing the Worldcoin project, a global technology venture by US-based Tools for Humanity (TFH), which developed the World ID digital identity system.

Danantara to Establish Trust Fund with US$100 Million Annual Allocation

JAKARTA - Chief Executive Officer (CEO) of Danantara and Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani has outlined Danantara's strategic commitment to strengthening the role of the sovereign wealth fund through the establishment of...

PLN West Sumatra Commits to Supporting Plantation and Agricultural Downstream Processing

Pekanbaru (ANTARA) - PLN Main Distribution Unit (UID) West Sumatra has committed to supporting the downstream processing of plantation and agricultural products, in line with government programmes. As part of this commitment, PLN UID West Sumatra invited several palm oil business operators in the...

Government Revises Regulations to Allow Third Parties to Build EV Charging Stations

Jakarta (ANTARA) - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said the government has revised a regulation to allow third parties to build electric vehicle charging stations.

CATL Reportedly Seeking US$1 Billion Loan to Fund Battery Cell Factory in Karawang

JAKARTA. Chinese electric vehicle (EV) battery producer Contemporary Amperex Technology Co. Ltd. (CATL) is reportedly seeking approximately US$1 billion, equivalent to Rp 16.4 trillion, in funding to support the construction of a battery cell factory in Karawang, West Java.

President Prabowo Welcomes Bill Gates at Merdeka Palace to Discuss Sustainable Development

JAKARTA — President Prabowo Subianto welcomed the arrival of Microsoft founder and global philanthropic figure Bill Gates at the Merdeka Palace, Jakarta, on Wednesday 7 May morning at 08.15 Western Indonesian Time.

Danantara Establishes Trust Fund with US$100 Million Annual Allocation

JAKARTA — Danantara's Chief Executive Officer (CEO) and Minister of Investment for Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, has conveyed Danantara's strategic commitment to strengthening the role of state wealth funds through the establishment of the...

President Prabowo Receives Bill Gates at Merdeka Palace to Discuss Sustainable Development

Jakarta (DMS) – President Prabowo Subianto received a visit from Microsoft founder and global philanthropist Bill Gates at Merdeka Palace, Jakarta, on Wednesday morning (7/5) at 08.15 Western Indonesian Time.

Investment Growth Slows Sharply in Early 2025 Amid Global Uncertainty and Weak Domestic Demand

JAKARTA, KOMPAS — Slowing growth in gross fixed capital formation (GFCF), consistent with investment realisation data for the first quarter of 2025, paints a picture of sluggish investment at the start of the year.

Ministry of Investment Faces Challenge of Keeping Investment Commitments from Fleeing Abroad

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) faces a considerable challenge in ensuring investment commitments do not migrate to other countries. This year's investment realisation target stands at Rp1,905.6 trillion, of which only 24.4%, or Rp465.

Rosan Introduces Danantara Trust Fund to Bill Gates at Merdeka Palace Meeting

JAKARTA — Minister of Downstream Industries and Investment/Head of BKPM and CEO of Danantara Indonesia, Rosan P Roeslani, introduced the Danantara Trust Fund to Gates Foundation founder Bill Gates during a meeting at Merdeka Palace, Jakarta, on Wednesday (7/5/2025).

Investment Ministry Seeks EV Charging Station Investors, Plans Regulatory Revision

JAKARTA - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) is working to attract investors for public electric vehicle charging stations (SPKLU) in Indonesia. Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani said that battery electric vehicle...

Government Revising Rules to Allow Third Parties to Set Up EV Charging Stations

Jakarta (ANTARA) - Minister of Investment and Downstreaming and head of the Investment Coordinating Board (BKPM) Rosan Roeslani informed that the government is revising the rules to allow third parties to set up electric vehicle charging stations in Indonesia.

Riau Governor and Regents Meet Investment Minister to Accelerate Regional Investment and Downstream Processing

Riau Province is recognised as a region with significant investment potential and abundant natural resources, presenting considerable opportunities for investors. In an effort to open up these investment opportunities, Riau Governor Abdul Wahid, together with regents and mayors from across the...

Riau Governor and Regional Heads Meet Investment Minister to Accelerate Regional Development

JAKARTA - Riau Province is known as a region with significant investment potential and abundant natural resources, making it an attractive destination for investors. In an effort to unlock these investment opportunities, Riau Governor Abdul Wahid, together with regents and mayors from across the...

Hotel and Restaurant Investment Reaches Rp 10.85 Trillion in Q1 2025

Investment realisation in the hotel and restaurant sector reached Rp 10.85 trillion in the first quarter of 2025, encompassing both Domestic Direct Investment (PMDN) and Foreign Direct Investment (PMA).

BKPM: Indonesia's Investment Coordinating Board and Its Role in Strengthening the Investment Climate

BKPM, or the Investment Coordinating Board, is a non-ministerial government agency that plays a vital role in strengthening Indonesia's investment climate. In the face of global economic dynamics and increasingly fierce regional competition, BKPM serves as the front line in facilitating both...