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

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

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

Dinda Shabrina, Jakarta – The discourse of appointing former presidents as supervisors in the Daya Anagata Nusantara Investment Management Agency (Danantara) has sparked sharp criticism

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

Fajar Fitrianto – Indonesia's reform of its state-owned enterprises (SOEs) marks a bold step toward modernization – or so it is claimed.

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

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

Antara, Jakarta – The government is nudging more state-owned enterprises or SOEs to go public.

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

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

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

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

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,

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

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

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

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

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

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

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

Alexander M. Hynd and Max Broad – On October 20, Prabowo Subianto was sworn in as the eighth President of Indonesia.

Herman, Jakarta – State-Owned Enterprise (SOE) Minister Erick Thohir revealed on Monday that seven out of 47 state-run companies remain unprofitable.

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

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

Alfida Rizky Febrianna, Jakarta – The government has given the green light for textile giant Sri Rejeki Isman, better known as Sritex.

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

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

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

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

Jayanty Nada Shofa, Jakarta – Indonesian textile manufacturers are still struggling against floods of imported goods, according to the Industry Ministry.

Antara, Bandung – Chinese electric vehicle (EV) manufacturer AION is set to begin local assembly of its models in Indonesia starting in early 2025.

Vedro Imanuel G, Jakarta – An economist from Paramadina University, Didin S.

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

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

Wawan Kurniawan, Jakarta – Aditec Cakrawiyasa, the manufacturer of Quantum brand gas stoves and regulator hoses, has been officially declared bankrupt.

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

Alfi Dinilhaq, Jakarta – Indonesia's automotive industry is showing signs of recovery.

Vinnilya, Jakarta – The S&P Global Purchasing Managers' Index (PMI) for manufacturing in Indonesia dropped to 48.9 in August 2024, down from 49.3 in July, indicating the second cons

Arnoldus Kristianus, Jakarta – The Head of the National Development Planning Agency (Bappenas), Suharso Monoarfa, said on Tuesday that the Indonesian government is prioritizing industri

Jayanty Nada Shofa, Jakarta – Indonesia losing its 34-month streak of an expanding manufacturing purchasing managers index (PMI) has worried President Joko "Jokowi" Widodo.

Arnoldus Kristianus, Jakarta – The Indonesian government has extended safeguard tariffs on imports of textiles, carpets, and other fabric coverings for another three years in a bid to p

Ruth Dea Juwita, Jakarta – Indonesian manufacturers have turned pessimistic about growth prospects on the back of weakening demand, supply chain snarls and rising costs, prompting finge

Yerica Lai, Jakarta – State-Owned Enterprises (SOEs) Minister Erick Thohir has tapped Democratic Party politician Andi Arief, a close aide of former president Susilo Bambang Yudhoyono,

Jakarta – The collapse in the domestic textile industry resulting in a wave of layoffs is the result of disarray in government regulations.

Wahyu Sahala Tua, Subang – Vietnamese automaker VinFast has officially commenced construction of its first factory in Indonesia, located in Subang, West Java.