Indonesia and Japan have agreed through the signing of the Letter of Intent (LOI) in Implementing the Kayan Hydropower Project on Feb. 28, 2025, to encourage sustainability in the development of the Kayan Hydropower Plant in Peso District, North Kalimantan Province in support of Indonesia's clean energy transition.

The North Kalimantan Province Investment and One-Stop Integrated Permitting Office (DPMPTSP) revealed that realized investments to North Kalimantan reached Rp35 trillion in the fourth quarter (Q4) of 2024. The amoung was obtained from various sectors. Companies that have invested in the province include paper companies in Tarakan City, Kayan hydro power plant (HPP), Kalimantan Industrial Park Indonesia, and oil palm plantations.

Bank Indonesia (BI) noted that the economic growth of North Kalimantan Province continued its positive trend in the fourth quarter (Q4) of 2024 at 4.66 percent year-on-year (yoy), higher than 4.29 percent yoy in the third quarter (Q3) of 2024.

The North Kalimantan Province Investment and One-Stop Integrated Services Office (DPMPTSP) recorded realized investment to North Kalimantan exceeding Rp35 trillion in 2024. Hence, the office is optimistic that North Kalimantan will get a higher investment target from the central government in 2025.

North Kalimantan Investment and One-Stop Integrated Service Office (DPMPTSP) Junior Investment Management Expert Rahman Putrayani revealed to the media on Jan. 30, 2025, that investors from South Korea are reportedly interested in investing in seaweed management within North Kalimantan.

North Kalimantan Province Regional Secretariat Acting Economic and Development Affairs Assistant Burhanuddin, representing North Kalimantan Governor Zainal A. Paliwang, opened the "Tanah Kuning Industrial Park Regional Infrastructure Development Plan Workshop," at the Grand Pangeran Khar Hotel in Bulungan Regency, Borth Kalimantan on Dec. 10, 2024.

Total commodity exports through ports in North Kalimantan reached US$ 52.57 million, soaring by 158.07 percent month-to-month from US$ 136.62 million in August 2024 according to Statistics Indonesia (BPS) North Kalimantan. BPS North Kalimantan Province Head Mas'ud Rifai stated that the sharp increase in exports was due to the export of non-oil and gas mining goods jumping by 226.36 percent and the export of natural gas surging by 182.56 percent.

Permodalan Nasional Madani (PNM), through its Tarakan City branch in North Kalimantan, continues to demonstrate its commitment to empowering micro, small and medium enterprises (MSMEs), particularly in the country's border areas. This time, Sebatik District in Nunukan Regency, North Kalimantan, which shares a border with Malaysia, has become PNM's focus for providing financial training to local residents.