Category: Market

State-owned steel maker PT Krakatau Steel and plantation holding company PT Perkebunan Nusantara III (PTPN) are proofs of successful transformation of the state-owned enterprises (SOEs), SOEs Minister Erick Thohir has said. “Amid the restructuring process, Krakatau Steel has to go through three stages. Currently, it has succeeded in passing the first and second stages. In addition, regarding its performance, the company, which previously experienced losses for the last eight years, has currently made a profit of Rp800 billion,” he noted. “However, I have told the management not to become complacent as it…

Foreign investors’ confidence in Indonesia is starting to improve, in line with the 8.3-percent investment growth in the second quarter of 2021, Investment Minister Bahlil Lahadalia has said. “In 2021, we are targeting an investment of Rp900 trillion, of which 49.6 percent has been realized. Of the 49.6 percent, foreign direct investment is recorded at 50.5 percent. This means that the trust of global stakeholders in Indonesia has slowly begun to improve,” Lahadalia, who is also head of the Investment Coordinating Board (BKPM), informed here on Tuesday. He made the…

The opening of the XX Papua National Sports Week (PON) esports exhibition match brought a message of the huge potential of the digital industry to strengthen the national economy. The event was held at the indoor hockey and cricket arena in Doyo Baru Village, Waibu Sub-district, Jayapura District, Papua, on Tuesday evening Eastern lndonesia Standard Time. Tourism and Creative Economy Minister Sandiaga Salahuddin Uno noted that e-sports, with a vast economic potential, are expected to continue to develop, thereby contributing more to the growth of the national digital economy. “The…

The Regional Representative Council (DPD RI) has a vital role to support regional governments in expediting digitization in their regions, according to Communication and Informatics Minister Johnny G. Plate. “This collaboration is important to facilitate regional governments to accelerate digital transformation in their regions on the four strategic sectors of infrastructure, governance, economy, and society,” Minister Plate stated during the meeting with DPD RI senators. Regional governments are obligated to develop digital infrastructure by ensuring convenient permits and assistance for telecommunication providers installing communication facilities in their region, Plate was…

Industry Minister Agus Gumiwang Kartasasmita has urged halal industry actors to maximize their potential to help Indonesia become a major halal product producer in the global market. “Increasing demand for halal foods is an opportunity for Indonesian food and beverage industry actors to expand their business, and the recent rise in global Muslim fashion trends is an opportunity for the textile industry to innovate and optimize production,” Minister Kartasasmita said while officiating the 2021 Indonesia Halal Industry Award virtually here on Wednesday. Indonesia has diverse and distinct natural resources that…

KSurfer athlete Ryuki Waida has said he is determined to win the surfing exhibition at Papua’s National Games PON XX, which will take place from September 22 to 23, 2021. “My target is that I win in this event,” Waida told ANTARA via text message from Jayapura city, Papua on Wednesday. This is the first time that a surfing exhibition is taking place as part of the National Games. According to Waida, it is a good move considering that surfing has been contested in the Olympics and SEA Games. “And as we…