Economy and Business

Jakarta, Indonesia – In a strategic move to fortify its national energy security and mitigate risks associated with an unpredictable global geopolitical landscape, Indonesia has confirmed its decision to purchase crude oil from Russia. Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, announced the pivotal decision, emphasizing that the procurement is a critical component of Indonesia’s broader strategy to …

Indonesia is poised to make significant strides towards enhancing its energy security, with plans to substantially increase domestic gasoline production and achieve a surplus in diesel supply. Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia recently revealed that the nation’s current gasoline consumption stands at a staggering 39-40 million kiloliters annually, with approximately 50%, or around 20 million kiloliters, …

PT Pertamina (Persero), Indonesia’s state-owned energy company, has significantly strengthened the nation’s energy resilience by adding 20 million standard cubic feet per day (MMSCFD) to its domestic gas production. This crucial boost originates from the successful operationalization of the Sisi Nubi Area of Interest 1-3-5 (SNB AOI 1-3-5) project within the strategic Mahakam Working Area (WK) in East Kalimantan. The …

Jakarta, Indonesia – In a landmark agreement poised to redefine Indonesia’s digital infrastructure landscape, PT PLN Batam and global digital infrastructure developer DayOne officially signed the largest Power Purchase Agreement (PPA) for data centers in Indonesia to date, totaling an impressive 511 MVA. The monumental signing ceremony, held at the Auditorium Balairung Sari, BP Batam, on Friday, April 17, 2026, …

De Zilk, Netherlands – As the crisp spring air of April 2026 ushers in the vibrant spectacle of blooming fields, Dutch flower growers like Guus in De Zilk are meticulously upholding a centuries-old tradition blended with cutting-edge innovation. Their relentless dedication to maintaining the superior quality of tulip cultivation continues to be the bedrock of the Netherlands’ formidable dominance in …

Indonesia’s benchmark crude oil price (ICP) surged dramatically in March 2026, reaching an average of US$102.26 per barrel, marking a substantial increase of US$33.47 per barrel from the previous month’s figure of US$68.79 per barrel. This sharp escalation, officially decreed by the Minister of Energy and Mineral Resources Republic of Indonesia through Decision No. 149.K/MG.03/MEM.M/2026 concerning the Indonesian Crude Price …

Jakarta, Indonesia – Minister of Public Works and Housing (PUPR), Dody Hanggodo, has confirmed that the selection process for the new Directors General (Dirjen) for Water Resources (SDA) and Human Settlements (Cipta Karya) is currently undergoing a "fit and proper test," with the final decision resting with President Joko Widodo and his core team. The crucial appointments follow the resignations …

Jakarta, Indonesia – Perum BULOG, the Indonesian State Logistics Agency, has definitively affirmed the stable and controlled condition of the supply and pricing of the government-subsidized simple cooking oil brand, ‘Minyakita,’ across the nation. The agency reassures the public that the availability of Minyakita is ample and its distribution remains widespread throughout various regions, effectively addressing recent concerns regarding potential …

Jakarta – President Prabowo Subianto has issued a pivotal directive, Presidential Instruction (Inpres) Number 2 of 2026, signaling a robust and urgent national commitment to achieving accelerated food self-sufficiency in the agricultural sector. Signed on March 25, 2026, the comprehensive instruction aims to fundamentally transform Indonesia’s food landscape, ensuring national resilience and economic independence against an backdrop of evolving global …

Jakarta, Indonesia – In a significant move signaling his administration’s profound commitment to national economic transformation, President Prabowo Subianto has officially formed a high-level Task Force for the Acceleration of Government Programs to Support Increased Economic Growth. Established through Presidential Decree number 4 of 2026, signed on March 11, 2026, this strategic body is directly charged with spearheading efforts to …