Business News
China Invests IDR 3 Trillion in Makassar Waste-to-Energy Project
China and Indonesia have entered a new partnership in green energy through a waste-to-energy (PSEL) project in Makassar. The USD 200 million (1 USD = IDR 15,191), or approximately IDR 3 trillion investment, aims to tackle urban waste issues while reducing greenhouse gas emissions. The agreement was signed by the…
Government Explores Startup Development in the Sustainability Industry
The government has begun exploring the development of digital startups in Indonesia, aiming to expand into emerging sectors such as sustainability, which has seen rapid growth in recent years. This growth is driven by increasing global awareness of climate change and environmental issues. Sonny Hendra Sudaryana, Head of the Digital…
President Jokowi Highlights Bauxite Downstreaming as Key Step Towards Indonesia's Industrialization
On 24 September 2024, President Joko Widodo officially inaugurated the First Bauxite Injection of Smelter Grade Alumina Refinery (SGAR) PT Borneo Alumina Indonesia in Mempawah, West Kalimantan. During his speech, President Jokowi emphasized the importance of natural resources downstreaming to end raw material exports, a practice dating back to the…
Local Footwear Industry Propels Indonesia's Economy to Global Standing
The Secretary of the Directorate General of Small and Medium Industries at the Ministry of Industry (Kemenperin), Riefky Yuswandi, announced that the local footwear industry is significantly enhancing Indonesia's economic position on the global stage. “As of the second quarter of 2024, the national footwear industry has achieved a growth…
