News

The Authority Records China's Investment In IKN Of Nearly IDR 70 Trillion, Working On The Housing Sector To Road
02 Jun 2025
The Indonesian government reports that Chinese investment in the new capital city of Nusantara (IKN) in East Kalimantan has reached approximately IDR 70 trillion. This investment covers various sectors including hous- ing, the Integrated Unique Mode (MUT), and road infrastructure. The investments primarily consist of Pub- lic-Private  Partnership  (PPP)  projects  involving  large  Chinese  consortia  such  as  CHEC-IJM  and CSCEC-CREC, focusing on MUT development and road construction valued at IDR 27.1 trillion and IDR 27.9 trillion respectively.
Indonesia, France Ink USD 11 Billion in Deals Covering Energy, Infrastructure, and More
02 Jun 2025
The Indonesian government and France have signed 27 memoranda of understanding (MoUs) with a total value  of  USD  11  billion,  marking  a  significant  step  in  bilateral  cooperation.  The  agreements  span  various sectors  including  energy,  transportation,  food,  health,  telecommunications,  education,  and  infrastructure, reflecting a broad commitment to deepen economic ties. This milestone occurred during French President Emmanuel Macron’s official visit to Indonesia from May 27 to 29, 2025. The signing took place at a business forum attended by 368 delegates from both countries. Indonesian Chamber of Commerce and Industry (Kadin) Chairman Anindya Novyan Bakrie highlighted the strategic importance of the partnership, aligning it with the goals of the EU-Indonesia Comprehensive Economic Partnership Agreement (CEPA).   Source : https://en.tempo.co/read/1819256/indonesia-france-ink-us11-billion-in-deals-covering-energy-infrastructure-and-more
Emirates is the most profitable airline: Posts record profits of USD 5.8 billion for 2024-25
15 May 2025
The Emirates Group has reported a record-breaking profit of Dh22.7 billion before tax for the 2024–25 fiscal year,  solidifying  its  position  as  the  most  profitable  aviation  group  globally.  The  Group’s  revenue  surged  to Dh145.4  billion,  up  6%,  while  cash  assets  reached  an  all-time  high  of  Dh53.4  billion.  Emirates  airline  alone contributed Dh21.2 billion in profits, a 20% increase from the previous year, with record revenues of Dh127.9 billion and a 3% increase in passengers carried to 53.7 million. Chairman  Sheikh  Ahmed  bin  Saeed  Al  Maktoum  attributed  the  success  to  consistent  investment  in  people, partnerships, and products, despite global challenges. The Group declared a Dh6.0 billion dividend to its owner, the Investment Corporation of Dubai, and invested Dh14 billion in growth initiatives including new aircraft, technology, and infrastructure. The Group’s workforce grew by 9% to 121,223 employees, its highest ever, while dnata—the ground services and catering division—also delivered a record Dh1.6 billion profit. Emirates SkyCargo transported 2.3 million tonnes, a 7% year-on-year rise. Looking ahead, Emirates anticipates the delivery of 16 Airbus A350s and four Boeing 777 freighters in 2025–26 to  boost  global  connectivity.  Sheikh  Ahmed  expressed  confidence  in  the  Group’s  adaptability  amid  industry volatility, reaffirming Emirates' commitment to long-term growth and customer experience.
VinFast Shifts Focus to Asia: Expansion Plans in India and Indonesia
15 May 2025
VinFast, Vietnam’s electric vehicle (EV) giant, is refocusing its global strategy toward Asia after facing steep losses in the U.S. market. Despite a sharp increase in U.S. sales—from around 33,000 vehicles in 2023 to over  97,000  in  2024—the  company  recorded  a  net  loss  of  more  than  US$3  billion  last  year.  This  has  led VinFast to pivot to Asia, targeting India and Indonesia, where EV demand is rising rapidly and government policies favor local production and adoption.   Source : https://www.aseanbriefing.com/news/vinfast-shifts-focus-to-asia-expansion-plans-in-india-and-indonesia
Indonesia's Djarum Group launches first locally developed Evs
15 May 2025
Djarum  Group  has  officially  entered  Indonesia’s  electric  vehicle  market  through  its  electronics  subsidiary, Polytron, by launching two locally assembled electric cars—the Polytron G3 and G3+. This marks the first time an Indonesian conglomerate has domestically released EVs, showcasing a significant step in the country's automotive innovation. The  launch,  held  in  Jakarta,  is  a  result  of  Polytron’s  collaboration  with  Chinese  automaker  Skyworth  Auto.  This move follows Polytron’s earlier foray into electric mobility with the rollout of e-scooters in 2022, reflecting Djarum Group’s broader push into the green mobility sector.
Hutchison port sale: MSC eyes 41 ports as US firm wants Panama pair
01 May 2025
A consortium led by Terminal Investment Ltd. (TiL), the port investment branch of MSC Mediterranean Shipping Company, is in advanced talks to acquire 43 ports from CK Hutchison Holdings in a $19 billion deal spanning 23 countries. Of the total, MSC would take control of 41 ports, while two terminals at the Panama Canal would be split between U.S.-based investors BlackRock and Global Infrastructure Partners (GIP), who would hold a 51% majority, with TiL retaining 49%. The acquisition signifies a major expansion for MSC, the world’s top container shipping line, and highlights an ongoing trend of shipping companies seeking to tighten control over global supply chains post-pandemic. The Panama deal, however, has sparked geopolitical concerns, especially after former President Trump declared intentions to “take back” the canal, although it has been under Panamanian sovereignty since 1999. The shift in deal leadership from BlackRock to MSC comes amid delays caused by Chinese regulatory scrutiny and political objections, particularly regarding the sensitive Panama assets. CK Hutchison has operated the Balboa and Cristobal ports since 1998, with extended concessions granted until 2046. China and Panama are both closely monitoring the negotiations. Despite  the  delay,  the  transaction  remains  active,  with  all  stakeholders  engaged  in  discussions.  The  final outcome could reshape global port ownership and reignite debates over strategic control of maritime trade infrastructure.   Source : https://trans.info/en/msc-us-panama-ports-408754
France, EU Partner to Make Indonesia's Busiest Ports Safer
01 May 2025
France and the European Union are collaborating to improve safety at Indonesia's two busiest ports—Tanjung Priok in Jakarta and Tanjung Perak in Surabaya—through the Global Ports Safety project. Launched during French Foreign Affairs Minister Jean-Noël Barrot’s visit to Indonesia, the initiative aims to strengthen security, risk prevention, and incident management in ports across South and Southeast Asia. With a budget of €8.5 million ($9.2 million) over four years, the project will be funded by the EU (€6 million) and France (€2.5 million). The investment will be used for capacity-building activities, expert exchanges, and equipment provisions to enhance port resilience and safety measures, including fire and accident response.   Source : https://jakartaglobe.id/business/france-eu-partner-to-make-indonesias-busiest-ports-safer
Indonesia’s Trade Surplus Reaches USD 4.33 Billion, Marking 59th Straight Positive Month
01 May 2025
Indonesia recorded a trade surplus of US$4.33 billion in March 2025, a US$1.23 billion rise from February, according to Acting BPS Head Amalia Adininggar Widyasanti. Although slightly lower than March 2024, this marked the 59th consecutive month of surplus since May 2020. March’s export value rose 5.95 percent month-on-month to US$23.25 billion, while imports edged up 0.38 percent to US$18.2 billion. The surplus was driven mainly by non-oil and gas commodities such as vegetable animal fats and oils, mineral fuels, and iron and steel. Meanwhile, oil and gas trade recorded a deficit of US$1.67 billion. The United States, India, and the Philippines were Indonesia's top surplus partners, while China, Australia, and Thailand accounted for the largest deficits.   Source : https://en.tempo.co/read/1998968/bps-indonesias-march-trade-surplus-hits-us4-33-billion-as-positive-streak-continues