Business News
Indonesia Launches IPFO to Attract Global Infrastructure Investment
Indonesia has officially launched the Infrastructure Project Facilitation Office (IPFO) to accelerate infrastructure investment by fostering strategic partnerships between the government, investors, and the private sector. Inaugurated by Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono (AHY), the IPFO aims to reduce bureaucratic obstacles and facilitate smoother collaboration…
Indonesia’s Creative Economy Investment Hits USD 5.4 Billion
Indonesia’s Government has designated seven creative‑economy subsectors as a priority until 2029 – including games, apps, fashion, culinary, crafts, films and music. Teuku Riefky Harsya, Minister of Creative Economy, announced the achievement of IDR 90 trillion (about USD 5.4 billion) in investment in the first half of 2025 — about…
Indonesia Imposes Safeguard Duty on Cotton Yarn to Protect Textile Industry
Finance Minister Purbaya Yudhi Sadewa enacted a safeguard import duty (BMTP) on cotton yarn to shield Indonesia’s textile industry from import surges. Enforced through PMK No. 67/2025, effective early November, the tariff will gradually decrease over three years starting from IDR 7,500/kg. The policy covers HS codes 5204, 5205, and…
Arizona Plans to Establish International Chamber of Commerce in Bali
Five Arizona state legislators met with Bali Governor Wayan Koster to discuss plans for an international chamber of commerce to strengthen trade ties between Arizona and Indonesia. Arizona House Speaker Tony Rivero highlighted opportunities in semiconductors, medical tourism, and healthcare collaboration. Bali’s KEK Sanur is a focal point for world-class…
