Latest News
The Coordinating Ministry for Economic Affairs estimates that the Integrated Refinery and Petrochemical Project developed by PT Taikun Petro Chemical would contribute an additional US$9 billion annually to Indonesia's gross domestic product (GDP). As a form of government support for accelerating investment realization, the Coordinating Ministry has signed a memorandum of understanding (MoU) with PT Taikun Petro Chemical regarding the project's investment commitments.
Indonesian Ambassador to Kazakhstan and Tajikistan Fadjroel Rachman paid an official visit to Dushanbe, Tajikistan and met with Tajikistan Prime Minister Qohir Rasulzoda on May 31, 2025.
GEM Co., Ltd., a battery raw material processing and recycling company, plans to invest US$8 billion to develop the Indonesia Green Industrial Park in North Kalimantan. The company also targets to fill key positions for production facilities in Indonesia with local Indonesian talent.
North Kalimantan Investment and One-Stop Integrated Service Office (DPMPTSP) revealed that realized investments to North Kalimantan reached Rp6.2 trillion in the first quarter (Q1) of 2025.
Bulungan Regent Syarwani explained that Bulungan Regency has exceeded the Rp11 trillion investment target set by the North Kalimantan Provincial Government for 2024.
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.