Business News
President Prabowo Emphasizes Government’s Commitment to Strengthen the People’s Economy through Strategic Programs
In his address at the closing of the PKS 2025 National Congress, President Prabowo Subianto reiterated that the government is firmly dedicated to reinforcing Indonesia’s grassroots economy via several strategic initiatives. He announced the establishment of Koperasi Desa Merah Putih (Red and White Village Cooperatives) in some 80,000 villages and…
Indonesia’s State Farm Company to Invest Nearly USD 500 Million to Boost Rice Output
In an ambitious effort to ramp up national rice production, Indonesia’s newly established state farm company, Agrinas Pangan Nusantara, plans to invest around IDR 8 trillion (approximately USD 479 million) through the end of 2026. The investment will fund the acquisition of modern agricultural machinery, drones, satellite monitoring systems, and…
Sovereign Fund Danantara Indonesia to Roll Out Waste-to-Power Projects by End of October
Indonesia’s sovereign wealth fund, Danantara Indonesia, intends to launch at least eight waste-to-energy (WtE) projects by October’s end, targeting key cities across Java, Bali, and especially Jakarta. The move aims to address the country’s mounting waste crisis—wherein 35 million metric tons of trash are generated annually and 61% is improperly…
Patimban Port is Prepared to Become an Automotive Export-Import Center
The Indonesian government is preparing Patimban Port in Subang, West Java to become a key hub for automotive exports and imports, shifting much of the vehicle traffic from Jakarta’s Tanjung Priok port. Ambitiously, in 2027 Patimban is expected to rival Tanjung Prioke completely built up (CBU) vehicles and automotive parts,…
