Jakarta – Saving Garuda Indonesia through funding from Daya Anagata Nusantara Investment Management Agency, or Danantara, to the tune of Rp20 trillion carries with it major risks for th

Widy Wicaksono, Kendal, Central Java – Indonesia has officially opened its largest integrated solar cell and module factory to support its push for renewable energy.

Bambang Ismoyo, Jakarta – State-owned electricity company PLN reported Rp545.4 trillion ($33.33 billion) in revenue for 2024, marking an 11.9 percent increase from the previous year.

Jakarta – Indonesian state energy company Pertamina reported a net profit of $3.13 billion (Rp 49.54 trillion) for the year 2024, supported by strong operational performance across its

Han Revanda, Jakarta – Industry Minister Agus Gumiwang Kartasasmita denied that Indonesia has entered the deindustrialization phase.

Bambang Ismoyo, Jakarta – President Prabowo Subianto wants government-owned banks to have smaller board of commissioners, according to State-Owned Enterprises Minister Erick Thohir.

Ilona Estherina, Jakarta – The CEO of Indonesia's Daya Anagata Nusantara, or Danantara, Rosan Roeslani, said the agency now manages 844 state-owned enterprises (SOEs).

Hendrik Yaputra, Jakarta – President Prabowo Subianto revealed that he criticized directors of State-Owned Enterprises (SOEs) during the Danantara Town Hall Meeting at the Jakarta Conve

Indah Ayu Pujiastuti, Jakarta – Chinese motorcycle manufacturer QJ Motor announced on Wednesday that it will invest $10 million in an assembly plant in West Java, marking a significant

Hendrik Yaputra, Jakarta – President Prabowo Subianto has instructed state-owned banks to streamline their Board of Commissioners by reducing the number of members and ensuring that onl

Ricki Putra Harahap, Jakarta – The Indonesian government is preparing to establish a new state-owned holding company focused on agriculture and fisheries by merging three existing state

Wahyu Sahala Tua, Jakarta – Musician Riefian Fajarsyah, the newly appointed CEO of state-run film company Produksi Film Negara (PFN), said on Saturday that his task won't be a walk in t

Jakarta – The upcoming Lebaran or Eid al-Fitr celebrations will be less than festive for Mr Sriyono, 52, who like many Indonesians goes by one name.

Celvin Moniaga Sipahutar, Jakarta – The government has announced a series of new policies aimed at protecting and revitalizing labor-intensive industries, including textiles, footwear,

Deni Ghifari, Jakarta – Two coconut processing companies based in Riau have laid off a total of 3,500 workers as they struggle to maintain production in the face of a shortage of the fr

Aditya Hadi, Jakarta – New Chinese carmakers have expanded into Indonesia over the past three years.

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

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

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

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

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

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

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.

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

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

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

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.