Business News
Danantara Reveals Plans to Build 17 Modular Refineries to Process US Oil Imports
Daya Anagata Nusantara (Danantara) revealed plans to build 17 modular oil refineries as part of an energy partnership with the United States (US) government. According to circulating information, the USD 8 billion (approximately IDR 130.4 trillion) project will be designed to process crude oil from the US. "Regarding investment in…
Tanjungpinang Attracts New Investment, IDR 10 Billion Logistics Warehouse Built in Dompak
The Tanjungpinang City Government has once again welcomed new investment into the Bintan Free Trade and Free Port Area (KPBPB) within Tanjungpinang City. On Tuesday (July 29th), the Regional Secretary of Tanjungpinang City, Zulhidayat, laid the cornerstone for the construction of a warehouse owned by PT. Sukses Bintan Permata on…
Successfully Entering the Hong Kong Market, the Minister of Trade Has Launched an Export of Spices and Honey from Bali's Micro, Small, and Medium Enterprises
On 29 July 2035, the Minister of Trade, Budi Santoso, inaugurated the export of spice and honey products manufactured by Bali-based micro, small, and medium enterprises (UMKM), CV Naralia Group, to Hong Kong via Lini Cargo in Denpasar, Bali. The total export value of these goods amounted to USD 350,000,…
The Governments of Indonesia and Malaysia Agree to Expand ASEAN Free Trade
On 29 July 2025, the Prime Minister of Malaysia, Anwar Ibrahim, and the President of Indonesia, Prabowo Subianto, signed an agreement to expand the ASEAN free trade agreement. Anwar emphasised that the trade agreement is integral to Southeast Asia's economic resilience. However, he urged ASEAN to remain vigilant in the…
