Business News
Indonesia Set to Boost EV Battery Production to 1,143 GWh with New Smelters
Indonesia is poised to significantly increase its production capacity for electric vehicle (EV) battery materials, potentially reaching 1,143 gigawatt hours (GWh), thanks to four new smelters set to commence operations. Agus Tjahajana Wirakusumah, Special Staff to the Minister of Energy and Mineral Resources for Industrial Development Acceleration, highlighted the rapid…
Indonesia and France Initiate Quality and Safety Standards Agreement for Fisheries Exports
The Indonesian Ministry of Marine Affairs and Fisheries (KKP) and French authorities have initiated a Mutual Recognition Arrangement (MRA) to establish equivalence in quality assurance systems, aiming to enhance market access and competitiveness for marine and fisheries exports. Ishartini, Head of the Agency for the Supervision and Quality Control of…
Mandalika SEZ Attracts IDR 722.97 Billion Investment in H1 2024
In the first half of 2024, the Mandalika Special Economic Zone (SEZ) achieved significant milestones. According to the National Council for SEZs, as of 29 July 2024, investments in Mandalika reached 76.41% of the annual target, amounting to IDR 722.97 billion out of the targeted IDR 946.16 billion. The zone…
Jokowi Approves New Special Economic Zones in Batam
President Joko Widodo has approved the establishment of four new Special Economic Zones (KEK) in Indonesia. These include Edutek Medika Internasional in Bumi Serpong Damai (BSD), Nipa in the Riau Islands, International Health Tourism Batam in the Riau Islands, and Green Industry Bungku in Central Sulawesi. The legal framework for…
