Business News
Great! Pertamina NRE's Investment in CREC Leads to a 38% Profit Jump
Pertamina New & Renewable Energy (Pertamina NRE) immediately reaped the rewards. After just two months of holding a 20% stake in Citicore Renewable Energy Corporation (CREC), the Philippine company reported a 38% increase in net profit in the first half of 2025. Citicore Renewable Energy Corporation (CREC), an affiliated company…
Indonesia Strengthens International Cooperation, Taxpayers Can No Longer Flee Abroad
The Indonesian government is increasingly committed to strengthening international cooperation in the tax sector through the Assistance in Recovery of Tax Claims (ARTC) scheme. This policy allows for reciprocal cross-border tax collection, so taxpayers can no longer evade tax simply by changing jurisdictions. This policy is outlined in Book II…
The Regent of Jembrana Launched Cocoa Exports to the Netherlands on Indonesia's Independence Day
On 17 August 2025, coinciding with the 80th anniversary of Indonesia's Independence Day, Jembrana Regent Kembang Hartawan and Vice Regent Patriana Krisna launched the export of 2 tonnes of fermented cocoa beans produced by the Kakao Kerta Semaya Samaniya (KSS) cooperative to the Netherlands. This shipment marks the ninth export…
The National Shopping Festival, a Government Initiative to Stimulate Domestic Consumption and Drive National Economic Growth
From 14 to 24 August 2025, the Indonesian Government and the Indonesian Shopping Centre Management Association (APPBI) together organised the Indonesia Shopping Festival (ISF) 2025. Approximately 400 shopping centres across Indonesia were involved, with potential transactions reaching IDR 23.32 trillion. The objective of the event is to contribute to the…
