Business News
Bahlil Lahadalia: An Italian Company is Set to Invest IDR 150 Trillion in Kalimantan
The Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has announced that an Italian company, Eni, has expressed its intention to invest USD 10 billion (IDR 150 trillion) in East Kalimantan Province for natural gas production fields located off the coast of East Kalimantan (Makassar Strait). These fields include…
Temasek's Visit to Indonesia - Airlangga Encourages Investment in Startups and Green Energy
On 18 July 2025, Singtel Chairman and Temasek Board Member Lee Theng Kiat met with Coordinating Minister for Economic Affairs Airlangga Hartarto in Jakarta. The purpose of the meeting was to strengthen cooperation and explore portfolio expansion in various sectors. During the meeting, Airlangga acknowledged Temasek's significant contributions to the…
Indonesia's Steel Exports to the United States Reach 10,000 Tons
PT Tata Metal Lestari (PT TML), an Indonesian company, exported 10,000 tons of coated steel to the United States, with a total export value of USD 12.6 million or equivalent to IDR 205.38 billion (exchange rate of IDR 16,300). Despite the imposition of a 50% import tariff on steel by…
Local Industrialization Tested by US Import Tariff Reduction to 19%
Economist from Universitas Muhammadiyah Yogyakarta (UMY), Faris Al-Fadhat, believes that the United States' decision to reduce Indonesia's import tariffs from 32 % to 19 % needs to be responded to carefully. Positively, this policy opens wider export opportunities to the US and can increase the competitiveness of domestic products in…
