Wawan Kurniawan, Tangerang – Two major footwear factories in Tangerang, Banten, which supply global sportswear brands like Nike and Adidas, have been forced to lay off thousands of work
Industry & State-Owned Enterprises
Displaying 1 - 50 of 457 Documents
March 8, 2025
March 7, 2025
Arie Firdaus, Jakarta – What began as a small fabric shop in Central Java nearly 60 years ago grew into one of Southeast Asia's biggest textile manufacturers, outfitting military forces
March 5, 2025
Muhammad Firman, Jakarta – The year 2025 has brought significant challenges to Indonesia's industrial sector, with several major companies shutting down operations and carrying out mass
March 4, 2025
Jayanty Nada Shofa, Jakarta – Malaysian plastic giant Thong Guan Industries recently inked a land purchase order to set up a production plant in Central Java's Batang integrated industr
Aditya Hadi, Jakarta – Manufacturing activity in Indonesia surged last month to its highest level in nearly a year, driven by an increase in new orders and jobs ahead of Ramadan, but an
February 28, 2025
Rizka Ardina Nugraheni, Wijayanti Putri, Solo – Indonesia's textile giant Sri Rejeki Isman (Sritex) will cease all factory operations in Central Java on Saturday, following a bankruptcy
February 27, 2025
Arnoldus Kristianus, Jakarta – Indonesia must protect its textile industry from an influx of Chinese exports while continuing to attract investment and create jobs, National Economic Co
February 24, 2025
Ester Veny Novelia Situmorang, Jakarta – In February 2025, PT Sanken Indonesia announced via the Online Single Submission (OSS) system that it will be shutting down.
February 21, 2025
Sultan Abdurrahman, Jakarta – The establishment of the Investment Management Agency Daya Anagata Nusantara (BPI Danantara) will alter the way State-Owned Enterprise (SOE) profits and lo
Eka Jaya Saputra, Antara, Bekasi – Japanese electronics company Sanken Electric has announced plans to shut down its factory in Cikarang, Bekasi, leading to the inevitable layoff of ove
February 20, 2025
Melynda Dwi Puspita, Jakarta – Indonesian President Prabowo Subianto stated that the launch of the National Strategic Investment Fund (NSIF) will be carried out on Monday, February 24 n
February 19, 2025
Dinda Shabrina, Jakarta – The discourse of appointing former presidents as supervisors in the Daya Anagata Nusantara Investment Management Agency (Danantara) has sparked sharp criticism
February 18, 2025
Jakarta – President Prabowo Subianto is taking a significant risk with the establishment of the Daya Anagata Nusantara Investment Management Agency, or Danantara.
Michelle Gabriela, Jakarta – Prabowo's government budget cuts policy has forced a number of state-owned enterprises (SOEs) to terminate the contracts of honorary employees, despite Fina
February 6, 2025
Fajar Fitrianto – Indonesia's reform of its state-owned enterprises (SOEs) marks a bold step toward modernization – or so it is claimed.
February 4, 2025
Jakarta – Indonesia's government will set up a state investment agency to manage holdings in some of the biggest state companies after Parliament passed a Bill on Feb 4 approving the bo
January 31, 2025
Han Revanda, Jakarta – Spokesperson of the Industry Ministry, Febri Hendri Antoni Arief, said that the increase in certain natural gas prices (HGBT) will not significantly impact the in
January 16, 2025
Bambang Ismoyo, Jakarta – Indonesia is gearing up to establish a special economic zone (SEZ) dedicated to semiconductor chip development in partnership with the Bandung Institute of Tec
Antara, Jakarta – The government is nudging more state-owned enterprises or SOEs to go public.
January 10, 2025
Alfi Dinilhaq, Jakarta – President Prabowo Subianto has picked Energy Minister Bahlil Lahadalia to lead the task force dedicated to expediting Indonesia's downstream industry developmen
January 8, 2025
Alfi Dinilhaq, Jakarta – A senior government official on Wednesday urged Chinese carmaker Chery to build its own manufacturing facility in Indonesia and increase the use of locally-prod
January 3, 2025
Jayanty Nada Shofa, Jakarta – Chinese polyethylene terephthalate or PET plastic manufacturer Wankai New Materials has pledged to establish a factory in Banten's industrial city of Cileg
Antara, Jakarta – Chinese carmaker Wuling Motors has officially begun operating its electric vehicle (EV) battery plant in Cikarang, West Java, marking a significant milestone in Indone
December 30, 2024
Ruth Dea Juwita, Jakarta – Indonesian carmakers are expecting a minimal impact from the planned value-added tax (VAT) increase to 12 percent which is set to take effect in January 2025,
December 27, 2024
Tenggara Strategic, Jakarta – The establishment of Daya Anagata Nusantara (Danantara) as both a superholding agency for Indonesia's state-owned enterprises (SOEs) and an investment mana
December 26, 2024
Beritasatu Team, Jakarta – The Manpower Ministry predicts layoffs in the textile industry could rise sharply, with job cuts potentially increasing from 80,000 in 2024 to 280,000 workers
December 25, 2024
Bambang Ismoyo, Jakarta – The State-Owned Enterprises (SOEs) Ministry is ramping up efforts to streamline state-owned companies through mergers, aiming to reduce their number from 47 to
Yustinus Paat, Jakarta – Chief Economic Affairs Minister Airlangga Hartarto announced a series of programs and incentives aimed at sustaining economic growth, including a Rp 20 trillion
November 22, 2024
Antara, Jakarta – Industry Minister Agus Gumiwang Kartasasmita has called on Indonesia's automotive industry to refrain from laying off workers despite mounting challenges in the market
Nivell Rayda, Jakarta – When Mr Prabowo Subianto arrived for his inauguration at the Indonesian parliament complex in Jakarta on Oct 20, he was seen using a white Toyota Alphard multi-p
November 19, 2024
Han Revanda Putra, Jakarta – Director General of Chemical, Pharmaceutical, and Textile Industries of the Ministry of Industry (Kemenperin) Reni Yanita disclosed why Indonesia keeps impo
November 13, 2024
Monique Handa Shafira, Jakarta – Textile giant Sri Rejeki Isman (Sritex) has temporarily furloughed 2,500 employees due to a raw material shortage, but they remain on the payroll despit
November 11, 2024
Alexander M. Hynd and Max Broad – On October 20, Prabowo Subianto was sworn in as the eighth President of Indonesia.
November 4, 2024
Jakarta – Two high-ranking members of President Prabowo Subianto's Great Indonesia Movement Party (Gerindra) have been appointed to lead the state-owned oil company Pertamina following
Basudiwa Supraja, Alfida Rizky Febriana, Jakarta – Trade Minister Budi Santoso has denied that the recent ministerial regulation on import relaxations had caused the downfall of Indones
Herman, Jakarta – State-Owned Enterprise (SOE) Minister Erick Thohir revealed on Monday that seven out of 47 state-run companies remain unprofitable.
November 2, 2024
Sella Rizky Deviani, Jakarta – State-owned pharmaceutical company Biofarma has secured a contract valued at Rp 1.4 trillion ($88 million) to supply vaccines to international organizatio
October 31, 2024
Alfida Rizky Febrianna, Jakarta – The government has given the green light for textile giant Sri Rejeki Isman, better known as Sritex.
October 30, 2024
Harry Suhartono and Faris Mokhtar – Days after taking charge of Southeast Asia's biggest economy, Indonesia's president needs a plan to deal with rising borrowing costs for key state-ow
October 28, 2024
Jakarta, Indonesia – A major labor group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to s
October 22, 2024
Arnoldus Kristianus, Jakarta – The newly established government under President Prabowo Subianto should focus on bolstering the national manufacturing sector in their 100 days in office
October 8, 2024
Jayanty Nada Shofa, Jakarta – Indonesia's outgoing leader Joko "Jokowi" Widodo said Tuesday that Indonesia's resource nationalism will extend outside of the mining sector as the country
October 1, 2024
Jayanty Nada Shofa, Jakarta – Indonesian textile manufacturers are still struggling against floods of imported goods, according to the Industry Ministry.
September 26, 2024
Antara, Bandung – Chinese electric vehicle (EV) manufacturer AION is set to begin local assembly of its models in Indonesia starting in early 2025.
September 24, 2024
Vedro Imanuel G, Jakarta – An economist from Paramadina University, Didin S.
September 13, 2024
Wawan Kurniawan, Jakarta – Aditec Cakrawiyasa, the manufacturer of Quantum brand gas stoves and regulator hoses, has been officially declared bankrupt.
Indah Ayu Pujiastuti, Jakarta – According to Ahmad Heri Firdaus, a trade researcher at think-tank Indef, the government needs to be more selective when imposing import duty policies for
Indah Ayu Pujiastuti, Jakarta – Local petrochemical businesses are urging the government to reimpose the 2023 Trade Ministry Regulation 36 on Import to save the domestic industry – be i
September 12, 2024
Alfida Rizky Febrianna, Jakarta – Investment Minister Rosan Roeslani recently revealed that the production date of the petrochemical project belonging to South Korean giant Lotte Chemic
September 10, 2024
Alfi Dinilhaq, Jakarta – Indonesia's automotive industry is showing signs of recovery.