Business News
Exceeding Target, Investment Realization Reaches IDR 1,207 T Throughout 2022
The Ministry of Investment/Investment Coordinating Board (BKPM) noted that investment realization reached IDR 1,207.2 trillion in 2022, exceeding the target set by President Joko Widodo (Jokowi) of IDR 1,200 trillion. BKPM Head Bahlil Lahadalia revealed that investment realization during the January to December 2022 period rose 34% compared to the…
Looking at Business Opportunities at IKN Nusantara, 70 More Private Investors Have Queued to Enter Indonesia
Head of Authority Ibu Kota Negara (IKN) for Nusantara, Bambang Susantono, said that up to now, more than 70 private companies have expressed interest in investing in IKN Nusantara."More than 70 private companies have sent letters of intent to the IKN Authority and expressed interest in investing in IKN. This…
Indonesia Plentiful in Nickel, Pertamina Ready to Production of Electric Vehicle Batteries
PT Pertamina (Persero) is ready to develop an Electric Vehicle (EV) battery ecosystem by optimizing domestic nickel resources. Nickel is one of the raw materials for making EV batteries.Main Director of Pertamina Nicke Widyawati believes that her party can produce batteries and increase the penetration of electric vehicles. This is…
Indonesia's Tourism Sector is Starting to Rise, Here's the Evidence
The tourism sector continues to show recovery after the COVID-19 pandemic. This can be seen from data from the Central Statistics Agency (BPS) which recorded the level of foreign tourist arrivals for the January-November 2022 period of 4.58 million, an increase of 228.30% compared to the same period last year.…
