Business News
The influx of imported steel from China and Vietnam puts pressure on the local steel industry
The national steel construction industry is facing serious pressure from the influx of cheap imported steel—particularly from China and Vietnam—which now floods the domestic market. According to the Chairman of the Indonesian Society of Steel Construction (ISSC), Budi Harta Winata, imported products offered at lower prices have reduced the competitiveness…
Indonesia Eximbank Disburses USD 30 Million to Petro Oxo Nusantara
Indonesia Eximbank (LPEI) has provided USD 30 million in financing and guarantees to PT Petro Oxo Nusantara (PON), a leading national petrochemical company. This support is part of the Special Export Assignment (PKE) - Trade Finance program aimed at strengthening Indonesia’s chemical export sector. The agreement was signed on July…
Four Indonesian Nickel Mines Join the Global Top List
Nickel has become a globally strategic commodity amid the clean energy transition and EV growth. Indonesia now dominates the global nickel market, accounting for nearly 59% of global production in 2024 with 2.2 million tons. Four Indonesian mines, including the world-leading Weda Bay Project in Maluku, are now ranked among…
Airlangga Confirms Economic Stimulus Program Will Be Extended
Coordinating Minister of Economic Affairs, Airlangga Hartarto, has confirmed that Indonesia will extend its economic stimulus program into the second half of 2025. The detailed stimulus package, to be announced in September, will include transportation discounts such as lower fares for flights, trains, ships, and toll roads—especially during the December…
