Economy and Business

Jakarta, Indonesia – A burgeoning crisis of unprecedented proportions is gripping Indonesia as mountains of waste threaten to overwhelm the nation’s critical infrastructure. Landfills across the archipelago are rapidly reaching — or have already surpassed — their maximum capacity, a dire situation exacerbated by an unrelenting daily surge in waste volume. The urgency of this environmental and public health catastrophe …

Jakarta, Indonesia – Regional Development Banks (BPDs) are at a pivotal juncture, holding immense potential to evolve into central pillars of Indonesia’s regional economies, according to Agus H. Widodo, Chairman of the Association of Regional Development Banks (Asbanda). Speaking on Thursday, April 16, 2026, Widodo articulated a compelling vision for BPDs to transcend their traditional role as passive financial intermediaries …

The Indonesian textile and textile product (TPT) industry is currently facing immense pressure, caught between surging raw material prices triggered by conflicts in the Middle East and a significant decline in domestic purchasing power. This confluence of global supply chain disruptions and local economic challenges is rapidly escalating the cost of fabrics in the market, threatening the stability of an …

Jakarta, Indonesia – In a development that has sent shockwaves through Indonesia’s governance landscape, Hery Susanto, the recently appointed Chairman of the Indonesian Ombudsman, has been detained by the Attorney General’s Office (AGO) on unspecified charges. The dramatic arrest comes barely a week after Susanto was formally inaugurated by President Prabowo Subianto last Friday, casting an immediate shadow over the …

The Directorate General of Customs and Excise (DJBC) under the Ministry of Finance has announced significant facilitations for Indonesian Hajj pilgrims, granting exemptions from import duties and taxes on both personal shipments and accompanying baggage. This move aims to alleviate the financial burden on pilgrims and streamline the process of bringing home souvenirs and personal effects from the holy land. …

Jakarta, Indonesia – The Indonesian Cigarette Factory Association (GAPPRI) has issued a stern warning regarding proposed government regulations aimed at significantly limiting nicotine and tar levels, alongside an outright ban on various additives in tobacco products. According to GAPPRI Chairman Henry Najoan, these sweeping policy changes threaten the very existence and unique identity of the national kretek industry, potentially jeopardizing …

Indonesia’s textile and textile product (TPT) industry demonstrated robust growth and resilience throughout 2025, attracting significant investment totaling IDR 20.23 trillion (approximately US$1.3 billion) and creating 3.96 million jobs. This vital sector, which grew by 3.55% year-on-year, also recorded substantial export figures of US$12.08 billion, yielding a trade surplus of US$3.45 billion, primarily driven by strong performance in ready-made garments. …

Jakarta, Indonesia’s Minister of Finance, Purbaya Yudhi Sadewa, engaged in a critical dialogue with global credit rating agency Standard & Poor’s (S&P) in Washington D.C. on Tuesday, April 14, 2024. This high-stakes meeting, held on the sidelines of the annual International Monetary Fund (IMF) and World Bank Group Spring Meetings, served as a crucial platform for Indonesia to reiterate its …

Jakarta, Indonesia – PT Adaro Andalan Indonesia Tbk (AADI), a prominent entity within the diversified Adaro Group and controlled by Indonesian business magnate Garibaldi ‘Boy’ Thohir, has officially announced its strategic intention to initiate a significant share buyback program. This corporate action is slated to commence on May 23, 2026, immediately following the company’s Annual General Meeting of Shareholders (AGMS) …

Tangerang, Indonesia – Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono (AHY), alongside Deputy Minister of Maritime Affairs and Fisheries (KKP), Didit Herdiawan Ashaf, undertook a comprehensive inspection of the newly revitalized Tanjung Kait Fishermen’s Village in Tangerang on Thursday, April 16, 2026. The visit underscored the government’s unwavering commitment to elevating the living standards of coastal communities …