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.

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

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.

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.

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.

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

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