Business News
Indonesia Strengthens Trade Relations with South Korea
Indonesian Vice Minister of Trade, Dyah Roro Esti, received a courtesy visit from Park Soo-deok, Chargé d’Affaires ad interim of the South Korean Embassy in Jakarta, on Tuesday (May 6) at the Ministry of Trade office. During the bilateral meeting, both parties discussed concrete steps to enhance trade cooperation between…
Hotels and Restaurants Contribute IDR 10.85 Trillion in Investment in the First Quarter
Investment realization in the hotel and restaurant sector reached IDR 10.85 trillion in the first quarter of 2025, covering both Domestic Direct Investment (PMDN) and Foreign Direct Investment (PMA). According to data from the Ministry of Investment and the Investment Coordinating Board (BKPM), this amount was spread across 323,594 projects.…
Seven Electric Vehicle Manufacturers to Build Factories in Indonesia, Investment Valued at IDR 15.4 Trillion
Investment Minister and Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, revealed that out of the seven electric vehicle manufacturers interested in Indonesia, several have already committed and begun constructing their factories. These manufacturers include BYD, Citroën, Aion, Gili, Maxus, Volkswagen, and VinFast. The total investment for these electric…
Indonesia's National EV Brand Proves Local Industry Can Compete Globally
Indonesia’s automotive industry has reached a significant milestone with the launch of the Polytron G3 and G3+ electric vehicles, marking the nation’s growing capability to compete in the global EV market. Minister of Industry Agus Gumiwang Kartasasmita praised Polytron for introducing a domestically branded electric SUV, calling it strong evidence…
