Mardika Parama, Jakarta – Automaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring pla

Norman Harsono, Jakarta – Most state-owned enterprises (SOEs) have compiled their post-restriction or "new normal" business recovery protocols in a preemptive strike for when regions l

Chairul Fikri, Jakarta – An Indonesian factory that produces shoes for American company Nike has sacked 4,985 workers as the economic impact from the Covid-19 pandemic continues to tak

Yunindita Prasidya, Jakarta – Steelmakers are facing severe blows to their business with demand during the COVID-19 pandemic having decreased by 90 percent from normal times.

Anselmus Bata, Abdul Muslim, Diana Mariska, Jakarta – Indonesia's powerful business lobby, which includes some of the country's largest employers, has criticized the government's $44 b

Arya Dipa, Jakarta – The Industry Ministry has issued more than 5,800 operational permits to companies in West Java to keep operating amid the large-scale social restrictions (PSBB).

Mardika Parama, Jakarta – Weakening purchasing power following business disruptions caused by the COVID-19 pandemic has battered the country's automotive industry, forcing carmakers to

Mardika Parama, Jakarta – Indonesia's infamous red tape could dissuade investment from US pharmaceutical companies looking to relocate from China, experts say.

Yustinus Paat, Jakarta – The Jakarta provincial government said a total of 3,998 companies in the capital city had adhered to the rules of the large-scale social restriction, or PSBB,

Riska Rahman and Adrian Wail Akhlas, Jakarta – Experts are calling on the government to ensure transparency and tight supervision as it prepares a national economic recovery program th

Yunindita Prasidya, Jakarta – The downturn in Indonesia's manufacturing sector is likely to continue until the end of the year as demand and factory activity will remain low even after

Jakarta – The Jakarta administration will revoke the business licenses of at least 200 companies that have flouted the implementation of large-scale social restrictions (PSBB) in the c

Adrian Wail Akhlas, Jakarta – Indonesia's manufacturing output and new orders collapsed in April as the COVID-19 pandemic forced factories to close and crushed demand for manufactured

Marchio Irfan Gorbiano, Jakarta – The domestic defense industry is feeling the pinch from COVID-19 as it struggles to maintain manufacturing output amid disruption to supply chains and

Mardika Parama, Jakarta – As COVID-19 continues to batter the Indonesian economy, 70 percent of textile and textile product (TPT) companies face permanent closure as a result of plungi

Asip Hasani, Surabaya, East Java – Tobacco giant HM Sampoerna's factory in Rungkut district of Surabaya, East Java, has temporarily shut down following reports that two of its workers

Dzulfiqar Fathur Rahman, Jakarta – Factory activity has collapsed with only one third of manufacturing companies and workers operating at present, a high-ranking official has said.

Antara, Jakarta – The Jakarta administration through Manpower, Transmigration, and Energy Agency has temporarily sealed 101 companies or offices violating the Large-Scale Social Restri

Eisya A.

Larissa Huda, Jakarta – A number of state-owned companies (SOEs) were pushing for the production of medical devices needed in handling the COVID-19 pandemic.

Mardika Parama, Jakarta – The Industry Ministry has issued 11,172 operational and mobility permits (IOMKI) for companies nationwide that wish to operate during the government's large-s

Riska Rahman, Jakarta – The executive directors and commissioners of 110 state-owned enterprises (SOEs) will not get receive their holiday bonuses (THR) for Idul Fitri holiday this yea

Mardika Parama, Jakarta – While a number of large manufacturing companies are adapting to the shifts in demand toward health equipment and basic necessities during the COVID-19 pandemi

Budi Sutrisno, Jakarta – The Indonesian government is set to evaluate the implementation of large-scale social restrictions (PSBB) as many non-essential workplaces are still ignoring t

Antara, Jakarta – Jakarta is on its 12th day of large-scale social restriction of PSBB.

Riska Rahman and Marchio Irfan Gorbiano, Jakarta – Some 37,000 small and medium enterprises (SMEs) have reported difficulties to the government, crying for help as government aid has y

Herman, Yustinus Paat, Jakarta – The Jakarta Manpower, Transmigration and Energy Agency on Thursday temporarily shut down 23 companies for violating the large-scale social restriction,

Riska Rahman, Jakarta – The government is working on reviewing businesses that are eligible to receive government aid as it receives reports from 37,000 small and medium enterprises (S

Taufiq Siddiq, Jakarta – Jakarta Manpower, Transmigration, and Energy Agency discovered that many companies were still operating during the period of the large-scale social restriction

Adrian Wail Akhlas, Jakarta – Indonesia's factory production contracted by a record level in the first quarter of the year as a result of weak demand and disruption to the supply chain

Made Anthony Iswara, Jakarta – The Industry Ministry has reallocated Rp 113.15 billion (US$7.01 million) from its initial budget and is currently proposing a stimulus in a bid to salva

Made Anthony Iswara, Jakarta – Indonesian manufacturing output fell off a cliff in March as the government imposed stricter measures to contain the COVID-19, a survey has showed.

Tabita Diela, Gayatri Suroyo, Jakarta – A plunge in the rupiah could leave Indonesian firms exposed to $4 billion in debt next year, after credit ratings agencies hit some companies th

Riska Rahman, Jakarta – Two-thirds of Indonesia's 142 state firms and around 800 subsidiaries and sister companies will be consolidated as the government focuses on "slimming down" to

Fadli, Batam – Riau Islands acting governor Isdianto has urged manufacturing companies operating in the Batam bonded zone in the province to temporarily shut down their factories to pr

Marchio Irfan Gorbiano and Eisya A.

Rizki Fachriansyah, Jakarta – The insurance industry maintained its positive performance throughout last year despite a somewhat dire outlook following revelations of serious liquidity

Marchio Irfan Gorbiano, Jakarta – President Joko "Jokowi" Widodo has instructed his Cabinet members to increase the availability of raw materials for the steel and iron industry to sup

Prisma Ardianto, Jakarta – Indonesia now allows foreign investors to own more than 80 percent of shares in locally-listed insurance companies, loosening a rule that has for a long time

Muhammad Hendartyo, Jakarta – Minister of State-Owned Enterprises Erick Thohir asserted he will not hesitate to liquidate insolvent SOEs that are just "camouflages".

Jakarta – State-Owned Enterprises (SOEs) Minister Erick Thohir said he was surprised to learn that many SOE directors held more than one position at a time.

Jakarta – The government plans to revise a regulation and issue a ministerial decree to improve the performances of state-owned enterprises (SOEs), according to a minister.

Adrian Wail Akhlas, Jakarta – State-owned enterprises (SOEs) in the sectors of agriculture and aircraft and ship manufacturing, among other sectors, are on the brink of bankruptcy, acc

Rizki Fachriansyah, Jakarta – State-owned Enterprises (SOEs) Minister Erick Thohir has discharged all the ministry's Echelon I officials in a restructuring effort to improve bureaucrat

Jakarta – State-Owned Enterprises Minister Erick Thohir has demoted senior officials in his ministry and moved them to various posts in state-controlled firms as the minister seeks to

Jakarta (Bisnis) – Indonesian Minister of Industry Agus Gumiwang Kartasasmita is optimistic that Indonesia remains the preferred destination for the world's manufacturing industry as t

Asni Ovier, Jakarta – The recent debacle over hoe imports in Indonesia offers valuable lessons for the local industry to create greater efficiency and better cross-sector coordination.

Vindry Florentin, Jakarta – The IHS Markit report on the Indonesian manufacturing industry's Purchasing Managers Index (PMI) showed a dropping trend in the manufacturing industry's dem

Fajar Pebrianto, Jakarta – The central statistics agency, Statistics Indonesia or BPS, noted slowing production growths in large and medium manufacturing industries over the last two y

Out of 56 companies that relocated their production out of China between April 2018 and August 2019, only three went to India and two to Indonesia.