Business News
Integrated Transportation, the Key to Efficiency and National Economic Growth
The Ministry of Transportation (Kemenhub) continues to promote the realization of an integrated national transportation system across modes as a strategic step to improve logistics efficiency and support economic growth. Through the development of interconnected infrastructure—from ports, airports, roads, to railway lines—Kemenhub aims to create a transportation system that is…
Indonesia and the US Agree to Reduce Trade Tariffs on Top Commodities Targeted for Special Treatment
Indonesia and the United States officially issued a Joint Statement marking the culmination of protracted bilateral negotiations on trade tariffs on 22th July 2025. The agreement reduced reciprocal import tariffs from 32% to 19%, delivering a more favourable outcome for Indonesian exports to the US market. This reduction, while modest…
BI and Kadin Business Forum Strengthens East Java-NTT Investment Network, Resulting in IDR 3 Billion Commitment
Bank Indonesia, along with the East Java Chamber of Commerce and Industry (Kadin) and the East Nusa Tenggara Chamber of Commerce and Industry (Kadin), brought together 97 business players at the Investment and Trade Business Forum held in Surabaya on Monday (July 28th). This forum served as a strategic platform…
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…
