social dynamics
Indonesia's national construction projects drive local steel industry development
Indonesia's steel industry has seen significant growth this year, with demand climbing in a number of sectors, including national construction projects and ancillary industry activities such as nickel. The Director General of Metals Industry at the Ministry of Industry pointed out that steel is closely linked to other industries and that the government does not prohibit raw material...
Chinese and Indonesian Government and Enterprises Gathered at Wanxinda Industrial Park for the 2045 Promise
On December 9, Indonesia's Central Java Industrial Zone, Batang National Special Economic Zone, Wanxinda Industrial Park was crowded with people. To "2045 to the light walk together - building gold Indonesia" as the theme of the industry event, kicked off here. At around 10 o'clock on that day, the industrial park...
Jakarta hosts business forum on Indonesia's special economic zones
The Indonesia SEZ Business Forum 2025 was recently held in Jakarta under the theme "Driving Inclusive and Sustainable Growth", with the aim to promote inclusive and sustainable growth through the government, park developers, investors and strategic partners...
Indonesia's finance minister plans to travel to China to discuss high-speed rail debt
The Finance Minister recently met with the Chief Executive Officer of the Board of Investment (BPI) to discuss, among other things, the debt solution for the Jakarta-Bandung High Speed Rail (KCIC) project, known as the Whoosh project, a meeting that comes at a time when the government is trying to finalize the project's financing...
President Prabowo meets with the Chairman of the Chinese People's Political Consultative Conference (CPPCC)
Indonesian President Prabowo met with visiting Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Wang Huning at the Independence Palace in Jakarta on Thursday afternoon. Wang Huning arrived at the Independence Palace at 11:35 a.m. local time, accompanied by a delegation and led by mo...
Luhut says China's contribution is huge, gets special treatment
The Morowali Industrial Park (IMIP) airport has been the subject of much discussion because the Minister of Defense referred to it as "not being manned by a state agency". The Chairman of the National Economic Council (DEN), Luhut, recently disclosed the circumstances behind the establishment of the airport. Luhut admitted that the IMIP airport had been in his charge...
Indonesian firm LCP invests in plastics plant
Lintas Citra Pratama (LCP) is investing $300 million (about Rp 5.01 trillion) to build a 720,000-tonne-per-year polyethylene terephthalate (PET) plant in Cilegon at the site of PT Merak Chemical Indonesia (M...
Mining development drives Indonesia's economic growth
The mining industry is not only a strategic mineral production base, but also drives local economic growth, contributing about 8.51 TP3T to the Gross Domestic Product (PDB), making it the fifth-largest sector underpinning the structure of the economy. Economists point out that the mining industry directly affects national and local...
Indonesian court rules on duration of land rights in Xindu
The Constitutional Court (MK) recently ruled on the review of the duration of land rights in the new capital (IKN) in Act 21 of 2023, emphasizing that nation building cannot override the Constitution. The Constitution stipulates that land, water and natural resources are to be owned by the state...
Indonesia Needs to Take Multiple Steps to Achieve Expected Economic Growth
Indonesia's economic outlook for 2025 is poor, with the Organization for Economic Cooperation and Development (OECD) projecting Indonesia's economy to grow by only 4.91 TP3T, well below the government's vision of 6-81 TP3T, while the International Monetary Fund (IMF) report for October projected growth of 4.91 TP3T, an upward revision of 0.11 TP3T from the previous...
