Business News
Indonesia Plans to Increase Exports of Textiles and Vehicles to Peru
On 11 August 2025, the President of Peru, Dina Boluarte, held a state meeting with the President of Indonesia, Prabowo Subianto, at the Presidential Palace in Central Jakarta. During the meeting, the Indonesia-Peru Comprehensive Economic Partnership Agreement (IP-CEPA) was signed. According to the Minister of Trade, Budi Santoso, the agreement…
Indonesia Targets B50 Biodiesel Launch in 2026, but January Start Unlikely
Indonesia plans to raise the mandatory palm oil content in biodiesel from 40% (B40) to 50% (B50) starting in 2026, but a January rollout is improbable. According to senior energy ministry official Eniya Listiani Dewi, the timeline will depend on technical testing, which could take up to eight months. The…
Indonesia-Peru CEPA to Expand Bilateral Market Access
Indonesia and Peru have signed the Indonesia-Peru Comprehensive Economic Partnership Agreement (IP-CEPA) to strengthen bilateral trade by expanding market access. Deputy Trade Minister Dyah Roro Esti said the deal will enhance the competitiveness of Indonesian agricultural exports and help Peru enter the Southeast Asian market. Trade between the two nations…
Indonesia Eyes ‘Sovereign AI Fund’ to Accelerate Development
Indonesia is considering the creation of a “sovereign AI fund” to boost its ambition of becoming a regional hub for artificial intelligence, according to a government white paper. The plan, part of the country’s first national AI roadmap, proposes the fund be managed mainly by the sovereign wealth fund Danantara…
