Business News
Prabowo Pushes USD 6.7 Billion Downstream Projects to Boost Economy
President Prabowo Subianto emphasized that downstream industrialization is a key strategy to strengthen Indonesia’s economy and achieve energy self-sufficiency. The government has launched 13 Phase II downstream projects with a total investment of around IDR 116 trillion (USD 6.7 billion), covering sectors such as energy, mining, and agriculture. These initiatives…
South Sumatra Coconut Products Successfully
South Sumatra has strengthened its global trade presence by exporting processed coconut and agricultural products worth approximately IDR 1.6 billion to several international markets, including China, Taiwan, and France. The exported commodities include coconut shell charcoal, coconut chips, black pepper, and processed crackers, reflecting the region’s growing capability in producing…
The Strait of Malacca Reaffirms Its Position as the World’s Largest Oil Trade Route
The Strait of Malacca has solidified its status as the most critical maritime gateway for global energy security, handling the largest volume of oil trade in the world. This narrow waterway serves as the primary link for petroleum shipments traveling from the Middle East and Africa toward major consuming markets…
Government Promotes Special Economic Zones as Catalysts for Future Economic Growth
The Indonesian government is actively positioning Special Economic Zones (SEZs) as a primary engine to drive new waves of economic growth across the archipelago. These zones are strategically designed to attract high-value investments by offering various fiscal incentives and streamlined administrative procedures for domestic and foreign enterprises. Officials emphasize that…
