Business News
Finance Minister Sets 5.8% Economic Growth Target for 2026
Indonesia’s Finance Minister Sri Mulyani Indrawati has set an ambitious economic growth target of 5.2% to 5.8% for 2026, as outlined in the Macroeconomic Framework and Fiscal Policy Priorities (KEM-PPKF). This goal is part of a broader strategy to reach 8% growth in the coming years, aligning with the nation’s…
A Leading Italian Oil and Gas Company Plans to Drill 10 Wells in Indonesia Commencing in July
On 20 May 2025, at the 49th IPA Convention and Exhibition at ICE BSD, Tangerang, Roberto Daniels, the Managing Director of Eni Muara Bakau BV, stated that Indonesia is the primary country in the company's investment portfolio. Over the next five years, Eni plans to drill approximately 10 wells, with…
Switzerland and Indonesia Discuss Plans to Strengthen Cooperation in Education and Investment
On 20 May 2025, the Minister of Foreign Affairs of the Republic of Indonesia, Sugiono, received a visit from the Swiss Ambassador to Indonesia, Olivier Zehnder, in Jakarta. Both parties explored opportunities to enhance collaboration across sectors of Swiss expertise, including vocational education, research, and cooperative development. Indonesia and Switzerland…
Ministry of Trade Forecasts Indonesian Exports to Hong Kong Could Reach IDR 64 Trillion by 2045
The Ministry of Trade forecasts the export value of Indonesian products to Hong Kong to reach USD 3.9 billion or IDR 64.1 trillion (exchange rate of IDR 16,437 per USD) by 2045, with particular potential in the metal products, manufacturing, fisheries, apparel, chemical and textile sectors. This can be realised…
