Economy and Business

Jakarta — The landscape of the global and domestic tobacco industry is experiencing a profound paradigm shift, driven largely by the emergence and rising popularity of alternative tobacco products. Designed primarily for adult smokers seeking alternatives to conventional cigarettes, categories such as heated tobacco products, electronic cigarettes (vapes), and nicotine pouches have gained considerable traction in international markets, including Indonesia. …

The Indonesian government, through the Ministry of Energy and Mineral Resources (ESDM), has officially authorized PT PLN (Persero) to spearhead the development of the Mount Ungaran Geothermal Power Plant (PLTP) in Central Java. This strategic move, which marks a significant step toward accelerating the nation’s energy transition, has received strong backing from industry experts who highlight the project’s potential for …

Jakarta — In a decisive move to bolster national food security and reduce heavy reliance on foreign imports, the Indonesian government has officially thrown its full weight behind a new agricultural synergy. Hashim S. Djojohadikusumo, the President’s Special Envoy for Climate and Energy, has expressed his unequivocal support for the strategic partnership forged between Holding Perkebunan Nusantara PTPN III (Persero) …

The landscape of Indonesia’s energy sector is undergoing a profound transformation as PT Pertamina Patra Niaga accelerates the national rollout of B50 biodiesel. By the conclusion of September, the state-owned energy giant aims to have all public fueling stations (SPBU) across the archipelago fully stocked with the B50 blend, a significant leap from the previous B40 standard. This transition represents …

Bandung, September 11, 2026 — PT Bank Syariah Nasional (Bank BSN) has officially intensified its strategic push to expand sharia digital banking penetration across major metropolitan areas in Indonesia. The initiative was prominently marked by the launch of its flagship "Program Serbu Ekosistem" in the vibrant economic hub of Bandung, West Java. This aggressive outreach strategy is designed to embed …

The fuel distribution network in West Kalimantan is currently undergoing a significant logistical transition as PT Pertamina Patra Niaga activates emergency contingency plans in response to the severe shallowing of the Kapuas River. Sustained periods of low rainfall, exacerbated by climate anomalies, have led to a critical drop in water levels, rendering traditional river-based fuel transportation routes impassable for conventional …

The Indonesian government has officially announced that Rusal, one of the world’s largest aluminum producers based in Russia, is poised to enter the Indonesian market to develop a major bauxite refining facility. This strategic investment, which aligns with Indonesia’s aggressive downstream industrialization agenda, follows high-level diplomatic and economic engagements between President Prabowo Subianto and Russian leadership. The collaboration marks a …

The escalating geopolitical crisis in the Middle East has emerged as a severe threat to global energy stability, with profound implications for Indonesia’s domestic fuel market. As tensions persist, state-owned energy giant PT Pertamina (Persero) has warned that non-subsidized fuel prices, particularly Pertamax and Pertamina Dex, could surge to between Rp 18,000 and Rp 20,000 per liter if the conflict …

The Indonesian government has officially initiated a comprehensive overhaul of its foreign worker (TKA) permitting process by integrating three critical digital platforms into a unified "one-stop" system. Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, announced the formal signing of a Joint Decree (SKB) by three cabinet ministers, marking a significant shift toward bureaucratic efficiency …

Jakarta — The Government of Indonesia has officially clarified that it holds no immediate plans to lower the prevailing rate of the Value-Added Tax (VAT), commonly known in the country as Pajak Pertambahan Nilai (PPN). The stance was articulated by Minister of Finance Purbaya Yudhi Sadewa during a press briefing at the Ministry of Finance in Jakarta. Addressing members of …