Business News
OJK Encourages Regional Banks' Role in Indonesia's Economic Growth
OJK's Chief Executive of Banking Supervision, Dian Ediana Rae, emphasized the agency’s commitment to strengthening regional and Islamic banking to support inclusive and sustainable national economic growth. Speaking at the Solo Raya Banking Industry Dialogue, Dian highlighted the importance of regional banks in aligning their development with both national and…
Steel Downstreaming Drives Added Value and Sustainable Economy
The Ministry of Trade (Kemendag) stated that the steel downstreaming policy can enhance industrial added value and support sustainable economic development. According to Andri Gilang Nugraha Ansari, Director of Industrial and Mining Product Exports, steel downstreaming plays a crucial role in driving economic growth, both in the real sector and…
Strengthening Cooperation between Indonesia and South Korea on Clean Energy and the Electric Vehicle Industry to Promote the Energy Transition
Coordinating Minister for Economic Affairs Airlangga Hartarto and EVP & President of Advanced Materials Company LG Chem Dong Choon Kim and delegates met to discuss opportunities and challenges in the electric vehicle sector, and potential cooperation and investment by LG Chem in Indonesia. The meeting is part of efforts to…
Indonesia and China Have Signed an IDR 60 Trillion Investment MoU in the Batang Special Economic Zone
On 13 March 2025, Batang Integrated Industrial Estate (KITB), Batang Industropolis Special Economic Zone (KEK), entered into a memorandum of understanding (MoU) with China State Construction Engineering Corporation (CSCEC). This agreement pertains to investment in developing land within the Batang KEK under the Two Countries Twin Park (TCTP) programme, a…
