Jakarta – Vice presidential candidate Mahfud MD has vowed to reform state-owned enterprises (SOEs) in the infrastructure sector, which he deemed plagued with corruption and inefficiency

Jayanty Nada Shofa, Jakarta – From a presidential palace renovation to oil gas fields, President Joko "Jokowi " Widodo's economy-heavy diplomacy has culminated in Indonesian state-owned

Heru Andriyanto, Jakarta – Renowned global automaker MG Motor is set to introduce two electric vehicle models, claiming that they are entirely assembled by Indonesian engineers at the c

Nabiel Gibran El Rizani, Jakarta. Indonesia's electric motorcycle program fell short of its target.

Nabiel Gibran El Rizani, Jakarta – The Association of Indonesian Automotive Industries (Gaikindo) is anticipating car sales to reach 1 million units in 2023, a figure similar to the pre

Divya Karyza, Jakarta – The government has predicted it will take 10 more years to complete all of state-owned construction firm Waskita Karya's toll road projects, as policymakers seek

Jayanty Nada Shofa, Jakarta – Indonesia's industrial confidence index has slightly dropped in December 2023, although most businesses remain positive that they will grow in the coming m

Jakarta – Thirteen workers were killed and 38 were injured on Sunday in the explosion of a nickel smelter furnace owned by Indonesia Tsingshan Stainless Steel (ITSS) in Central Sulawesi

Adinda Jasmine Prasetyo, Jakarta – Indonesian Industry Minister Agus Gumiwang Kartasasmita reported on the country's achievements in the manufacturing sector, which has enabled it to be

Divya Karyza, Jakarta – Developing Indonesia's battery industry is expected to remain a challenging task, as the industry is still beset with a lack of regulation and an unclear path fo

Jakarta – Not one of the country's three 2024 presidential candidates has shown any real interest in making the changes necessary to salvage our ailing state-owned enterprises (SOEs), w

Theresia Sufa, Jakarta – Indonesia's production of natural silk is on the decline as producers find it difficult to get local supplies of silkworm cocoons.

Aditya Hadi, Jakarta – The government's push to develop mineral processing industries has prompted Rp 151.7 trillion (US$9.53 billion) of investment this year, according to government d

Antara, Jakarta – Japanese carmaker Daihatsu has sold 120,243 cars to export markets from its Indonesian plant in the nine months ending September of the current year.

Jayanty Nada Shofa & Heru Andriyanto, Jakarta – The government recently said that it was mulling providing incentives to woo electric car producers into building a manufacturing pla

Tenggara Strategics, Jakarta – After reaping profits at the height of the COVID-19 pandemic, Indonesia's pharmaceutical industry is now facing a weakening economy.

Tenggara Strategics, Jakarta – State-owned energy company PT Pertamina has quietly received a state capital injection (PMN) of Rp 3.37 trillion (US$40.47 billion), based on a presidenti

Tenggara Strategics, Jakarta – Indebted state-owned publicly-listed construction company PT Waskita Karya Tbk (WSKT) has caused jitters on the stock market after defaulting on Rp 941.75

Jakarta – Rantai Tekstil Lestari, which brings together like-minded private companies, fashion designers, and individuals, recently called for a roadmap on sustainable textiles to minim

Jakarta (VNA) – Indonesia plans to sign a memorandum of understanding (MoU) with Malaysia to develop an electric vehicle (EV) battery factory in Samalaju industrial park, according to t

Jakarta – The financial committee of Indonesia's parliament on Monday approved 28.2 trillion rupiah ($1.82 billion) of capital injection for several state companies by 2024, including f

Ruth Dea Juwita, Jakarta – Indonesia's furniture industry was falling behind those of its neighbors like Vietnam and Malaysia, though the country was once one of the world's leading pro

Muawwan Daelami, Jakarta – Indonesian state-owned enterprises (SOEs) are in overall robust financial health, with a combined market valuation surging to Rp 2,200 trillion ($143 billion)

Ichsan Ali, Jakarta – President Joko "Jokowi" Widodo said on Thursday that the electric vehicle (EV) battery plant, owned by South Korean companies Hyundai and LG in the West Java town

Mutia Yuantisya, Jakarta – The Jakarta Environment Agency is determined to force all industries in the capital to install scrubbers and a continuous emission monitoring system (CEMS) in

Investor Daily, Jakarta – State-owned toll operator Jasa Marga revealed on Thursday that its net profit surged by 56 percent to Rp 1.1 trillion ($72 million) in the first half of the ye

Muhammad Ghafur Fadillah, Tangerang – Terang Dunia Internusa, the proprietor of the United bicycle and electric scooter brand, on Wednesday announced an investment of Rp 250 billion ($1

Faisal Maliki Baskoro, Jakarta – The Indonesian government has joined forces with a consortium led by South Korean multinational electronics company LG to fast-track the establishment o

Yustinus Paat, Jakarta – A lawmaker from the Prosperous Justice Party (PKS) has expressed support for the extension of Nicke Widyawati's role as the president director of state-owned oi

Byun Hye-jin, Seoul – Hyundai Motor Group is poised to produce electric vehicles, including the flagship Ioniq 5, in Indonesia equipped with battery packs made at its manufacturing plan

Byun Hye-jin, Seoul – Hyundai Motor Group is poised to produce electric vehicles, including the flagship Ioniq 5, in Indonesia equipped with battery packs made at its local manufacturin

Jayanty Nada Shofa, Jakarta – The government remains undecided whether former Jakarta governor Basuki Tjahaja Purnama, popularly known as "Ahok", would be the new president director of

Jayanty Nada Shofa, Jakarta – Former British Prime Minister Tony Blair on Friday met with State-Owned Enterprise (SOE) Minister Erick Thohir in Jakarta to discuss the government's 2024-

Thresa Sandra Desfika, Jakarta – The Indonesia Stock Exchange (IDX) has suspended trading of shares for 46 companies that failed to submit their audited financial results for the fiscal

Muawwan Daelami, Jakarta – The government considers reducing the number of state-owned construction firms from currently seven to avoid overlapping businesses, an official has said.

Bella Evangelista, Jakarta – Chief Investment Minister Luhut Binsar Pandjaitan expressed confidence on Tuesday that Indonesia will soon surpass Vietnam as the biggest footwear manufactu

M Julnis Firmansyah, Jakarta (Antara) – State-owned Enterprises (SOEs) Minister Erick Thohir announced that the government will receive the largest dividends payout in the history of SO

Jayanty Nada Shofa, Jakarta – Chief Investment Minister Luhut Binsar Pandjaitan recently said that Indonesia would become the third-largest producer of lithium batteries by 2028, as the

Antara, Jakarta – The Coordinating Minister of Economics Airlangga Hartarto in an economic outlook event on Tuesday highlighted the competitiveness of Indonesia's electric vehicle ecosy

Jayanty Nada Shofa, Jakarta – Indonesia is building the world's largest green industrial park in Bulungan, North Kalimantan, which will eventually produce batteries for electric vehicle

Deni Ghifari, Jakarta – Ezaki Glico Co., Ltd inaugurated its largest factory to date on Thursday in Karawang, West Java, with the aim of serving the domestic and Southeast Asian markets

Riri Rahayu, Jakarta – PT Pertamina Geothermal Energy Tbk. (PGE) is preparing to hold an initial public offering (IPO).

Jakarta – State-run oil company Pertamina recently attributed its significant growth to State-Owned Enterprise Minister Erick Thohir.

Heru Andriyanto, Jakarta – Japanese automotive giant Toyota set a new record high in export sales from its Indonesian plants last year by delivering close to 297,000 cars to more than 8

Antara, Jakarta – Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan shared optimism that Indonesia will become one of the top three producers of electric

Jakarta – Holding company Astra Group controlled 55 percent of Indonesia's overall car wholesales in 2022 which topped 1 million and returned to the pre-Covid-19 pandemic levels.

Jakarta – Indonesia aims to launch initial public offerings for the upstream and geothermal units of state firm energy Pertamina next year to fund expansion, a senior government officia

Anastasia Febiola S., Jakarta – In 2017, the government announced a plan to relocate three state-owned defense companies, namely PT Pindad, PT PAL and PT Dirgantara Indonesia (PT DI), t

HERMAN, Jakarta – Japanese auto giant Toyota Motor Corporation (TMC) will open hybrid vehicle plants in Indonesia to supply the domestic market and is not in rush to go full-electric in