Indonesian Political, Business & Finance News

Archive: 21 July 2025

18 articles found

Indonesia Could Benefit Greatly If Danantara Invests in US Oil and Gas Sector, Says Investment Ministry

JAKARTA — The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) believes Indonesia could reap significant benefits if BPI Danantara realises its planned investment in the oil and gas sector in the United States. Deputy Minister of Investment and Downstreaming Todotua Pasaribu explained that the latest trade agreement requires Indonesia to eliminate import tariffs (0%) on goods originating from the United States.

Konawe Government and PT OSS Collaborate to Strengthen Vocational Training Centre: Preparing Skilled Local Workforce

The Konawe Regency Government continues to strengthen its commitment to improving the quality of local human resources. Through a strategic partnership with PT Obsidian Stainless Steel (PT OSS), the Konawe administration is seeking to optimise the role of the Vocational Training Centre (BLK) as a hub for workforce skills development.

Prabowo Claims Indonesia's 2025 Investment Realisation Target Already Achieved

Jakarta, VIVA – President Prabowo Subianto has stated that, based on reports received from the Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani, Indonesia’s 2025 investment realisation target has already been achieved. He noted that the 2025 investment realisation was accomplished four months ahead of the year-end target.

President Prabowo Claims 2025 Investment Target Already Achieved Four Months Early

Jakarta, CNBC Indonesia - President Prabowo Subianto has revealed that investment realisation in 2025 has already reached its target. He made the announcement during the Indonesian Solidarity Party (PSI) congress in Central Java on Sunday (21/7/2025). “I was given a report by the investment minister that Indonesia’s investment this month has already reached the target set by last year’s state budget.

Government Targets Rp3,839 Trillion in Downstream Investment with Nickel as Top Priority

The Director of Mineral and Coal Downstreaming at the Ministry of Investment and Downstreaming/BKPM, Rizwan Aryadi Ramdhan, has outlined the strategic direction of downstreaming policy for the five-year term of President Prabowo’s administration. Amid the push for national industrial transformation, nickel occupies the foremost position as the driving force behind downstreaming.

Indonesia's Annual Investment Target Already Reached Before Year's End, Says Prabowo

JAKARTA, KOMPAS.com - President Prabowo Subianto has said that Indonesia’s annual investment target has already been reached before the end of 2025. The achievement, he said, was based on a report from Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P Roeslani. “I was given a report by the Minister of Investment that Indonesia’s investment this month has already reached the target set by last year’s state budget, the 2025 state budget.

Prabowo Says 2025 Investment Target Achieved Four Months Early

Jakarta - President Prabowo Subianto has stated that this year’s investment target has already been achieved, with the realisation coming four months before the end of 2025. The milestone was based on a report from Investment and Downstreaming Minister/Head of the Investment Coordinating Board (BKPM) Rosan P Roeslani.

Former SOE Ministry Secretary Warns Tom Lembong Verdict Could Set Dangerous Legal Precedent

Former Secretary of the Ministry of State-Owned Enterprises (BUMN), Muhammad Said Didu, has argued that the verdict against former Investment Coordinating Board (BKPM) chief and ex-Trade Minister Tom Lembong in the sugar import case has the potential to create a dangerous legal precedent. According to Said Didu, the logic and interpretation used by the panel of judges could become a legal boomerang ensnaring many other state officials, including President Joko Widodo.

Unaaha District Court to Deliver Landmark Ruling on Environmental Lawsuit Against Nickel Smelter Firms in Morosi

KENDARI – The Unaaha District Court has been described as the determining factor in the fate of residents of Tani Indah Village who have been affected by the activities of two major companies in the Morosi industrial zone, namely PT Virtue Dragon Nickel Industry (PT VDNI) and PT Obsidian Stainless Steel (PT OSS). The Unaaha District Court is scheduled to deliver its verdict on an environmental lawsuit filed by residents of Tani Indah Village and surrounding areas against PT VDNI and PT OSS.

The Dark Side of China's Consumer Invasion in Southeast Asia

Chinese brands are aggressively expanding across Indonesia and Malaysia, employing predatory pricing to undercut local competitors and threaten domestic industries. Beyond immediate economic damage, the expansion risks consumer quality standards, national economic independence, and regional geopolitical stability, requiring government intervention to protect local enterprise and ensure long-term economic resilience.

Three Killed in Ferry Fire off Sulawesi, Indonesia

Three people lost their lives in a fire aboard a ferry off Sulawesi, Indonesia. The navy reported that 568 people were rescued. The fire on board KM Barcelona started on Sunday, when the ferry was approximately one hour from the resort town of Likupang in the northern province of Sulawesi. Many passengers jumped into the sea during the blaze. Local fishermen assisted the coastguard and maritime rescue services.

Prabowo Criticises "Know-It-All" Phenomenon on Social Media

Jakarta (ANTARA) - President Prabowo Subianto has highlighted the growing phenomenon of people who believe they know everything, particularly when responding to political and governmental issues that frequently become the subject of wild speculation on social media.

Prabowo: Indonesia Is on the Right Track, Claims of Economic Failure Are Attempts to Dampen Morale

President Prabowo Subianto stated that Indonesia is currently on the right path. He argued that commentary suggesting Indonesia is in a dark state is an attempt to dampen morale, and is untrue. “The point is we are on the right track. Efforts to make it seem as though Indonesia is in difficulty, that Indonesia is in darkness, that Indonesia’s economy has failed — ladies and gentlemen, these are attempts to lower our morale, and they are simply not true,” Prabowo said.

Indonesia's Annual Investment Target Already Reached Before Year's End, Says Prabowo

JAKARTA, KOMPAS.com - President Prabowo Subianto has said that Indonesia’s annual investment target has already been reached before the end of 2025. The achievement, he said, was based on a report from Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P Roeslani. “I was given a report by the Minister of Investment that Indonesia’s investment this month has already reached the target set by last year’s state budget, the 2025 state budget.

BKPM Launches Online Tracking System for Investment Licensing

TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) has launched an Online Tracking System for monitoring investment licensing processes to improve services for prospective investors. BKPM Chairman Muhamad Chatib Basri said the system would make the licensing process more transparent and provide greater certainty. “This system enables investors to know precisely where their licensing application stands.

Government Ready to Facilitate US$400 Million AI and Quantum Computing Data Centre in Batam

JAKARTA (IndoTelko) — The government, through the Ministry of Investment/Investment Coordinating Board (BKPM), has declared its readiness to facilitate the construction of Asia’s first artificial intelligence and quantum computing-based data centre, to be located in Batam, Riau Islands. The initial phase of the project will absorb investment worth US$400 million, or approximately Rp6 trillion.

Surabaya Streamlines Business Permits to Boost Investment and Job Creation

Ease of investment and business licensing has a strong correlation with new employment opportunities. The Surabaya city government continues to improve its business licensing process to meet investment targets that can open up new jobs. In 2025, the Surabaya Investment and One-Stop Integrated Services Agency (DPMPTSP) has set a target of increasing investment value in the City of Heroes. To pursue this annual target, DPMPTSP has prepared a number of innovations.

Prabowo Announces Indonesia's Investment Realisation Hits Rp1,905 Trillion APBN Target

SOLO — President Prabowo Subianto has announced that Indonesia’s investment realisation has reached the target set in the state budget (APBN) of Rp1,905 trillion. Prabowo made the announcement during his closing remarks at the 2025 Indonesian Solidarity Party (PSI) Congress held at the Edutorium of Universitas Muhammadiyah Surakarta, Central Java, on Sunday (20/7/2025).