Business News
Indonesia FDI Accelerates to a New Record High in Q2 2022
Foreign direct investment into Indonesia has accelerated to a new record high from April to June this year, highlighting the country's robust economic recovery amid a prolonged Covid-19 pandemic and new global inflation and recession threats. The Ministry of Investment/Investment Coordinating Board (BKPM) announced Tuesday that the foreign direct investment…
Minister of Investment Bahlil Reveals 30 Companies Will Move to Indonesia, Investment Value of IDR 140 T
The Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed that there would be 30 companies relocating their business to Indonesia. According to Bahlil, this relocation recorded an investment value of nearly Rp 140 trillion. "The relocations that have been announced by 30 companies have an investment…
Italy Report Shows 26% Rise in Rubber Machinery Sales
‘Machines and moulds for rubber’ contributed EUR 246m to last year’s polymer processing equipment revenues. Italy’s rubber processing equipment sector achieved a 26% year-on-year increase in sales in 2021, newly issued industry data shows. Overall, polymer-processing machinery revenues totalled EUR 4,025.9 million in 2021, 72.4% of which was generated from…
European Investment Bank Interested in Exploring IKN Nusantara Investment
The European Investment Bank (EIB) is interested in exploring the possibility of investing in the National Capital City (IKN) of the Archipelago. The agency offers cooperation in various sectors from renewable energy to infrastructure. Vice President of EIB, Kris Peeters, said that he had held a meeting with the Minister…
