Business News
Indonesia to Have IDR 131 Trillion Giant Battery Factory in 2027
On 6 August 2025, the Minister of Energy and Mineral Resources, Bahlil Lahadalia, stated that the electric vehicle (EV) battery factory owned by Zhejiang Huayou Cobalt Co and Indonesia Battery Corporation, with an investment value of USD 8 billion or equivalent to IDR 131.07 trillion (IDR 16,379 exchange rate), is…
Border Synergy, Motaain PLBN Increases Export-Import Efficiency Between Indonesia and Timor Leste
The Motaain Cross-Border Post (PLBN) in Belu Regency, under the leadership of Maria Fatima Rika, S.STP, held a crucial meeting with Indonesian and Timor-Leste Customs and Excise officials to strengthen cross-border logistics cooperation. During the discussion, the Indonesian government outlined its strategy for strengthening the Vehicle Declaration (VHD) system. They…
Taiwan and Russia Interested in Importing Indonesian Alcoholic Beverages
Deputy Minister of Industry Faisol Riza revealed that Indonesian-made alcoholic beverages (MMEA) have significant export potential. Currently, several countries, including Taiwan and Russia, are showing interest. This export potential and the resulting demand stem from promotional efforts for MMEA at the Salon International de l'alimentation (SIAL) in Paris in 2024.…
Oil and Gas Lifting Exceeds Target, House Member: Investment Momentum
Mukhtarudin, a member of Commission XII of the Indonesian House of Representatives (DPR RI), assessed that the government's success in exceeding the oil and gas lifting target provides momentum to strengthen investment in the upstream oil and gas sector. "This is a historic milestone. After 16 years of failing to…
