Business News
Indonesia Targets Completion of Four Trade Agreements by 2025
The Indonesian Ministry of Trade (Kemendag) aims to finalize four international trade agreements by 2025. Among the priorities is the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA), which is currently 85% complete and expected to conclude by Q1-2025, according to Trade Minister Budi Santoso during a press conference on January…
Indonesia’s Data Center Industry Booms, Attracting Global Investors
Indonesia's data center industry continues its remarkable growth, with the market value projected to reach USD 3.7 billion (approximately IDR 57.7 trillion) by 2024. Significant investments totaling USD 634 million (IDR 9.8 trillion) are solidifying Indonesia's position as a strategic data center hub in Southeast Asia. The Ministry of Communication…
Deputy Minister of Agriculture Ensures Cattle Farming Investments Engage Local Farmers
The Deputy Minister of Agriculture, Sudaryono, affirmed that ongoing investments in the cattle farming sector will prioritize the involvement of local farmers. He emphasized that these significant investments, aimed at meeting domestic beef demand, will advance the livelihoods of Indonesian cattle farmers. “We will support everything from licensing to the…
New Regulation on Carbon Capture and Storage Spurs Growth in Upstream Oil and Gas Industry
The Ministry of Energy and Mineral Resources (ESDM) has issued Regulation No. 16 of 2024 on Carbon Storage Activities, effective December 24, 2024. The regulation has garnered positive responses from upstream oil and gas players under the Indonesian Petroleum Association (IPA). It complements prior legal frameworks, including ESDM Regulation No.…
