Business News
Indonesia and the United Kingdom Draft Artificial Intelligence Regulations Covering Six Sectors
The Ministry of Communication and Digital Affairs is collaborating with the Government of the United Kingdom to draft artificial intelligence policies in Indonesia. This initiative is outlined in the launch of the Artificial Intelligence Policy Dialogue Country Report, encompassing six sectors. Sectors include e-commerce, financial services, the creative economy, health,…
Strengthening Global Competitiveness: Indonesian Classification Bureau Expands International Cooperation Network
PT Biro Klasifikasi Indonesia (Persero) or BKI is expanding its global network to enhance its competitiveness as a national classification body. One development was receiving a courtesy call from the General Manager of Türk Loydu, a Turkish classification body. This visit aimed to strengthen the bilateral relationship between the two…
Foreign Investors Seek Opportunities in Sabang's Shipping and Fisheries Sectors
There is a growing interest in investment from foreign companies in the Sabang Free Trade Zone and Free Port. During a meeting with the management of the Sabang Free Trade Zone Authority (BPKS), representatives from foreign companies in South Korea, Singapore, the Maldives, and Indonesia expressed their interest in investing…
The Deputy Minister of Industry Encourages Railway Industry to Target IDR 1.57 Quadrillion Market Potential
Deputy Minister of Industry Faisol Riza is encouraging the domestic railway industry to seize global market opportunities. A 2030 projection shows the market for railway infrastructure could reach USD 96.5 billion (IDR 1.57 quadrillion). According to Grand View Research, the global railway industry is expected to grow at a rate…
