Business News
Indonesia Launches USD 6 Billion Downstreaming Projects to Accelerate Industrial Growth
The Indonesian government has announced the imminent launch of downstreaming projects worth approximately USD 6 billion, marking a significant step in strengthening national industrial capacity and increasing value added from natural resources. President Prabowo Subianto stated that at least six projects are set to begin within weeks, with the potential…
Indonesia Optimistic About Achieving Up to 17.6 Million Foreign Tourist Arrivals in 2026
The Indonesian government has expressed strong confidence in reaching between 16 million and 17.6 million foreign tourist arrivals in 2026, building on the successful achievement of 15 million visits in 2025. Alongside this growth, tourism is expected to generate foreign exchange earnings ranging from IDR 22 billion to IDR 24.7…
Private Sector Calls for Review of Indonesia’s 30,000-Ton Meat Import Quota
Indonesia’s plan to import around 297,000 tons of meat in 2026 has drawn attention from private businesses, as only 30,000 tons are allocated to private importers, while the majority is assigned to state-owned enterprises. The policy aims to strengthen government-led food supply management, with allocations designated for various sources and…
Indonesia Accelerates Development of Inclusive Religious Facilities in IKN
The Indonesian government is accelerating the development of religious facilities in the Nusantara Capital City (IKN) to strengthen its role as an inclusive center for governance, social life, and spiritual interaction. The Minister of Religious Affairs emphasized that the Nusantara Religious Complex is designed to reflect interfaith harmony and national…
