Indonesian Political, Business & Finance News

Archive: 3 June 2025

16 articles found

Apple's Batam AirTag Factory Proceeds Despite Trump Tariff Threats

The Ministry of Investment and Downstreaming/BKPM has confirmed that construction of Apple’s AirTag factory in Batam will proceed despite threats of import tariffs from US President Donald Trump. BKPM Deputy for Investment Promotion Nurul Ichwan stressed that Trump’s policy would have no significant impact, as AirTag products manufactured in Batam are not intended for the US market. “The target market, in my view, is not the United States.

Danantara Targets US$5 Billion in Investment for 2025 Across Eight Strategic Sectors

JAKARTA, KOMPAS — The Investment Management Agency (BPI) Danantara is targeting US$5 billion in investment realisation in 2025. With six months remaining this year, Danantara will focus its investments on a number of strategic sectors believed capable of driving Indonesia’s economic growth.

Government's Sudden Cancellation of Electricity Tariff Discount Draws Surprise, Energy Minister Claims No Knowledge

In a rather surprising move, just days before 5 June 2025, the government suddenly cancelled the electricity tariff discount. The programme had been highly anticipated by the public, and many expressed disappointment at the cancellation. An equally surprising response came from Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia, who, when asked about the cancellation, admitted he did not know the reasons behind the scrapping of the June-July 2025 electricity tariff discount.

Apple AirTag Factory in Batam to Proceed Despite Trump's Tariff Threats

The Ministry of Investment and Downstreaming/BKPM has affirmed that the construction of Apple’s AirTag factory in Batam will continue despite US President Donald Trump’s plans to impose new import tariffs. Deputy for Investment Promotion Nurul Ichwan explained when met in Jakarta on Tuesday, 3 June 2025, that AirTag production in Batam is intended for markets outside the United States, meaning the tariff policy will not affect the project’s viability.

Energy Minister Defends Indonesia's Nickel Downstreaming Against "Dirty" Accusations

Jakarta — Energy and Mineral Resources Minister Bahlil Lahadalia has responded to various protests labelling Indonesia’s nickel downstreaming as “dirty”. The criticism suggests that the country’s nickel industry is not environmentally friendly or sustainable, linking it to issues of deforestation, water and soil contamination, and social impacts on communities. Addressing the accusations, Bahlil remarked that nickel is naturally found in the ground, not on a mattress.

List of Deputy Ministers Holding Dual Positions on SOE Boards

TEMPO.CO, Jakarta - A number of State-Owned Enterprises (SOEs) have held their Annual General Meetings of Shareholders (AGMS) for the 2024 financial year. The meetings were convened after previously being asked to be postponed by the Chief Executive Officer of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara), Rosan Perkasa Roeslani. Rosan stated that the postponement was carried out pending the results of reviews and evaluations from Danantara.

Deputy Minister Emphasises Synchronisation and Collaboration to Advance MSMEs in Indonesia

Deputy Minister for Micro, Small, and Medium Enterprises (MSMEs) Helvi Moraza has emphasised the importance of synchronisation and collaboration with various stakeholders in efforts to advance MSMEs in Indonesia. The deputy minister made the remarks whilst opening the Socialisation and Public Consultation on the MSME Ministry’s Strategic Plan for 2025-2029 in Surabaya on Monday, July 2025.

Apple's Batam AirTag Factory to Proceed Despite Trump's Import Tariff Threats

Jakarta (ANTARA) - The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) has confirmed that Apple’s AirTag factory in Batam will proceed with construction despite import tariffs expected to be imposed by United States President Donald Trump.

Chinese and European Firms Keen to Build EV Charging Stations in Indonesia, Regulatory Relaxation Planned

Jakarta (ANTARA) - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has stated that numerous Chinese and European companies are keen to build public electric vehicle charging stations (SPKLU) in Indonesia. “In terms of interest in building SPKLU, there has already been considerable interest from both China and Europe,” said Deputy for Investment Promotion at the Ministry of Investment and Downstreaming/BKPM, Nurul Ichwan, in Jakarta on Tuesday.

Government Eyes Steel Industry as Key Driver of Economic Growth and Downstream Industrialisation

Amid the Indonesian government’s efforts to strengthen downstream processing across major sectors such as nickel, copper and palm oil, the steel industry is emerging as a crucial pillar in accelerating national economic growth.

Indonesia Requires US$618 Billion in Investment to Drive National Downstreaming Programme Until 2040

Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has revealed that Indonesia requires massive investment to drive the national cross-sector downstreaming programme through to 2040. According to Bahlil, the investment needed to build a complete upstream-to-downstream downstreaming ecosystem is estimated at US$618 billion, equivalent to Rp10,045 trillion based on an exchange rate of Rp16,250 per US dollar.

Deputy Minister Stresses Synchronisation and Collaboration to Advance MSMEs Across Indonesia

Deputy Minister for Micro, Small and Medium Enterprises (MSMEs) Helvi Moraza has emphasised the importance of synchronisation and collaboration with various stakeholders in efforts to advance MSMEs in Indonesia. “I agree with Pak Emil (Dardak), who highlighted the importance of synchronisation from the provincial level, particularly with the agencies responsible for MSMEs in regencies and cities.

How China's Dominance Harms Indonesia: Exploitation, Pollution, and Lost Sovereignty

China's dominance in Indonesia—particularly controlling over 75% of nickel refining capacity—has resulted in economic exploitation, labour abuse, environmental destruction, and loss of national sovereignty. Chinese companies dictate market terms, flood domestic markets with cheap goods that displace local industries, and restrict Indonesia's independent development, while workers face dangerous conditions and communities experience massive deforestation.

Indonesia Targets Becoming World's Largest EV Battery Producer by 2040

JAKARTA. The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) has stated that Indonesia is targeted to become the world’s largest electric vehicle battery producing nation by 2040.

Immigration Directorate Introduces New Residence Permit Regulations for Foreign Nationals

The Directorate General of Immigration has introduced new regulations for managing residence permits for foreign nationals in Indonesia. Referring to Circular Letter Number IMI-417.GR.01.01 of 2025, which took effect as of last Thursday (29 May), foreign nationals residing in Indonesia are now required to attend a photo session and interview at the immigration office when applying for a residence permit extension.

Government Drives Iron and Steel Industry as Lever for High Value-Added Exports

Bisnis.com, JAKARTA — The government is promoting the iron and steel industry as a lever for productivity and high value-added exports.