Business News
Ministry of Industry Records 28% Increase in Food & Beverage Sector Investment in Q3 2024
The Ministry of Industry (Kemenperin) has reported a 28% year-on-year increase in food and beverage (mamin) industry investment, reaching IDR 30.23 trillion in Q3 2024. This investment includes Foreign Direct Investment (FDI) worth IDR 13.44 trillion and Domestic Direct Investment (DDI) amounting to IDR 16.79 trillion. Putu Juli Ardika, Director…
Focused Group Discussion on the Formulation of Export Development Policy
The Director General of National Export Development, Mardyana Listyowati, led a Focused Group Discussion on the Formulation of Export Development Policy, which was held in a hybrid format from Jakarta on Wednesday, December 11. This discussion aimed to gather insights on the practices of providing promotional facilitation abroad in support…
Indonesia to Build Oil Storage Facility Near Singapore
Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced plans to construct a strategic oil storage facility on an island near Singapore. The project aims to bolster the nation's energy sovereignty in line with President Prabowo's vision. "We will build storage with a capacity for 30–40 days of supply,"…
Indonesia to Develop Semiconductor Industry with US and Japan as Co-Investors
Coordinating Minister for Economic Affairs Airlangga Hartarto has announced Indonesia’s plans to develop its semiconductor industry, with the United States and Japan ready to become co-investors. Speaking at the 2024 National Investment Coordination Meeting in South Jakarta on Wednesday, 11/12/2024, Airlangga emphasized the importance of reducing Indonesia’s dependency on raw…
