Business News
2024 Wonderful Indonesia Co-Branding Partnership Boosts Tourism and Creative Economy
The Ministry of Tourism and Creative Economy (Kemenparekraf) announced significant achievements from the Wonderful Indonesia Co-Branding Partnership program in 2024. The initiative successfully enhanced the Wonderful Indonesia brand within the tourism and creative economy ecosystem through strategic collaborations. This year, the program introduced various campaigns, including Wonderful Indonesia Berkah, School…
SKK Migas Sets Oil Lifting Target of 605,000 Barrels per Day by 2025
Indonesia's Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has set a target of achieving 1.61 million barrels of oil equivalent per day (BOEPD) by 2025. This includes 605,000 barrels of oil per day (BOPD) and 1.005 million BOEPD of natural gas, as outlined in the…
Indonesia’s Investment Agency Confident in Achieving 2024 Targets
The Ministry of Investment and Downstreaming/BKPM's Deputy for Investment Implementation Control, Edy Junaedi, expressed confidence in meeting the 2024 investment realization target. As of September 2024, investment realization reached IDR 1,261 trillion, equivalent to 76.45% of the IDR 1,650 trillion annual target. Edy emphasized that collaboration between the government and…
Accelerating Investment and Downstreaming to Meet Indonesia’s IDR 13,528 Trillion Target
The Indonesian Ministry of Investment and Downstreaming (BKPM) has set an ambitious target of IDR 13,528 trillion in investments by 2029, emphasizing collaboration between central and regional governments and private sectors. Investment Minister Rosan Perkasa Roeslani highlighted this goal as essential to achieving 8% economic growth by 2029, requiring an…
