Tag: investment landing

The government has secured investment commitments from China for 16 projects valued at a total of IDR 36.4 trillion (US$2.2 billion) under a memorandum of understanding (MoU) linked to the “Two Countries, Two Parks” initiative. Coordinating Economy Minister Airlangga Hartarto announced on Thursday that the agreement was finalized during a meeting with a Chinese Communist Party representative from the city of Fuzhou on Wednesday.

“During the meeting, an MoU was issued for 16 projects. These 16 projects are related to the Two Countries, Two Parks program. The total investment for the 16 projects is IDR 36.4 trillion,” Airlangga said at the State Palace in Jakarta, as reported by Kumparan. The project portfolio spans heavy industries, agriculture, and trade. Key initiatives include establishing a 1-million-tonne steel plant, a food processing facility for meat and marine products, and a specialized textile research and development center. The projects also venture into coal, nickel-iron (Fe-Ni) trade, textile raw materials, and plantations.

The partnership is expected to further develop the agricultural sector, according to Airlangga, involving collaborative ventures in the tea industry, as well as the direct sourcing of key agricultural products, such as coconuts and durians. A significant portion of this new investment is slated for the Batang Industrial Special Economic Zone in Central Java. The minister hailed the influx of capital as a driver of regional development, saying it was “one way to accelerate investment in the Batang Industrial Zone.”

The Two Countries, Two Parks program was established as a key outcome of a meeting between Chinese President Xi Jinping and Indonesian President Prabowo Subianto in Beijing last November. The initiative focuses on investment in three locations: the Batang Industrial Estate, the Wijayakusuma Industrial Estate in Semarang, also in Central Java, and the Bintan Industrial Estate in the Riau Islands province.

Chinese companies have been pivoting toward Indonesia not only for its export potential but also to tap into the vast domestic market. Gao Xiaoyu, the founder of an industrial land consulting firm in Jakarta, has been inundated with calls from Chinese companies eager to expand or set up operations in Indonesia as they try to shield themselves from hefty United States import tariffs, according to a Reuters report published on Aug. 14.

US duties on goods shipped from China currently exceed 30 percent. The US tariff rate for most goods from Indonesia is lower, at 19 percent, which is the same as imports from Malaysia, the Philippines, and Thailand, and just below Vietnam’s 20 percent. But Indonesia, as Southeast Asia’s biggest economy and the world’s fourth-most populous country, has an edge over its neighbors, namely the potential of its vast consumer market. Vietnam and Thailand were among the major beneficiaries of the first wave of Chinese companies’ overseas diversification, but amid the latest trade turmoil with the US, other neighbors are also benefiting.

November 28, 2025, The Jakarta Post(https://www.thejakartapost.com/business/2025/11/28/ri-china-ink-2-2-billion-in-deals-for-16-investment-projects-airlangga.html)

Following President Prabowo Subianto’s visit to Australia on Nov. 12, Canberra has renewed efforts to encourage its domestic investors to step up investment in Indonesia, particularly in renewable energy and infrastructure projects. Assistant Minister for Foreign Affairs and Trade Matt Thistlethwaite said the Australian government was keen to strengthen cross-border investment flows, pointing to the country’s vast pension industry, which manages assets worth A$4.3 trillion (US$2.8 trillion) as of June. Historically, much of that capital has flowed into North America and Europe. However, the government is now seeking to redirect a portion of it toward Southeast Asia, including Indonesia.

In 2023, Australia launched a long-term policy framework titled “Invested: Australia’s Southeast Asia Economic Strategy to 2040”, aimed at encouraging institutional investors to tap high-growth markets in the region. One of the strategy’s main tools is the A$2 billion Southeast Asia Financing Facility, which provides loans, guarantees and equity to help unlock clean energy and infrastructure projects. The Australian government has also established a facility for infrastructure project preparation under the Indonesia–Australia Partnership for Infrastructure (KIAT), launched in 2016.

“Ports, airports, roads and rail—these are the kinds of projects Australian pension funds and investment banks have already backed in Southeast Asia. We’re looking for opportunities to support more of them,” Thistlethwaite said on Monday during an international media visit in Sydney.

He added that Australian investors, like their global counterparts, required regulatory certainty, including strong risk-mitigation measures and competitive returns. Austrade chief executive officer Paul Grimes echoed those views, noting that while pension funds naturally pursued strong returns, long-term engagement was equally critical for successful investment in Indonesia.

“We need to invest and build linkages, understand the market and ensure the relationship endures. It’s not a one-off thing. Our collaboration must benefit both sides,” Grimes said.

He identified the energy transition as a key frontier for joint investment, citing Australia’s strength in supplying raw materials and supporting industries for clean-energy technologies, including batteries.

“It’s not necessarily the mining itself, but all the services and technologies around it. Mining today is as much about equipment, engineering and services,” he said. “We are also looking to build manufacturing capability in Indonesia.”

Meanwhile, Austrade’s senior trade and investment commissioner for Indonesia, Stephen Skulley, said Australian missions and agencies in Jakarta had been instructed to align their programs closely with Prabowo’s policy priorities, including food security. This approach underpinned the Australian Agribusiness Mission to Indonesia on Nov. 10, which sought to explore opportunities beyond traditional beef and wheat exports. Skulley said the A$2 billion Southeast Asia Financing Facility had already supported three climate-focused investment platforms in the region. While he did not disclose specific projects or returns, he noted that Export Finance Australia’s Southeast Asia portfolio had expanded by 40 percent over the past three years.

On Oct. 27, Australian Prime Minister Anthony Albanese announced two commitments under the facility: a A$175 million investment in IFM Investors’ Asia-Pacific Debt Fund and a US$50 million contribution to a new Southeast Asia public-private partnership (PPP) fund launched by infrastructure specialist Plenary.

“The idea is to crowd in capital from superannuation funds. It’s still early days, but it’s generating strong interest,” Skulley said.

November 20, 2025, The Jakarta Post(https://www.thejakartapost.com/business/2025/11/20/infrastructure-renewables-at-center-of-australias-ri-investment-push.html)

The United Arab Emirates (UAE) has reaffirmed its commitment to expanding investment and strategic cooperation with Indonesia, particularly in renewable energy, infrastructure and technology. The pledge was conveyed during the Emirati Indonesian Economic Strategic Dialogue (EIESD), held on Wednesday in Jakarta. The meeting was co-chaired by Indonesia’s Minister of Investment and Investment Coordinating Board (BKPM) head, Rosan Perkasa Roeslani, who also serves as CEO of Danatara, and UAE Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei.

Speaking at a press conference, Rosan said that while the UAE had already made investments in Indonesia including solar and geothermal projects with Pertamina in Cirata the potential for further cooperation remained “enormous.”

“Therefore, we need to invest more,” Rosan said.

He highlighted several priority sectors discussed during the dialogue, including new investments in aluminum downstream processing in West Kalimantan and potential participation in upcoming waste management projects following the launch of the first seven projects. The two countries also explored joint investments in Indonesia’s rapidly expanding data center industry.

“In infrastructure, the UAE has also shown interest in the port sector and other major projects. They have even offered to co-invest with Danatara in ports overseas, not only in Indonesia, given their strong track record in port management,” Rosan added.

He expressed appreciation for the UAE’s continued support, saying the partnership aligns with Indonesia’s goal of achieving net-zero emissions by 2060 or earlier with international assistance.

“We will continue to strengthen this collaboration across various industrial sectors to create mutual benefits and greater prosperity for both countries,” he said.

UAE Minister Suhail Mohamed Al Mazrouei described the meeting as highly successful and voiced confidence in the future of bilateral economic cooperation.

“Indonesia’s infrastructure needs require significant investment, and the UAE would be delighted to contribute and partner with our Indonesian brothers and sisters,” Suhail said.

He acknowledged that the UAE’s current investment in Indonesia represented only a fraction of the available opportunities and stressed that upcoming projects aim to generate jobs and future energy capacity. Suhail underscored the importance of the data center sector, calling it essential for supporting future manufacturing as industries increasingly rely on data and artificial intelligence.

“Indonesia has enormous potential in human resources. These smart young people will innovate if they have access to energy and technology,” he said

Key areas of cooperation identified by UAE firms include aluminum, data centers, energy interconnection and other strategic sectors.

“Our sovereign wealth funds are already investing in Indonesia. We are looking for new opportunities, and if we identify additional areas of collaboration with Danatara or its subsidiaries, we will announce them,” Suhail concluded.

November 19, 2025, CNBC Indonesia(https://www.cnbcindonesia.com/news/20251119203304-4-686789/uea-perkuat-investasi-di-ri-data-center-hingga-hilirisasi-aluminium)

The International Monetary Fund (IMF) has praised Indonesia for maintaining solid economic growth and keeping inflation within target despite mounting global headwinds, while warning that major domestic policy shifts could pose risks if not carefully managed.

In a statement following its 2025 Article IV consultations, the IMF said on Saturday that “Indonesia remains a global bright spot, with strong economic growth amid a challenging external environment, and inflation expected to remain comfortably in the target range.”

IMF mission chief for Indonesia Maria Gonzalez said the economy has shown resilience to external shocks, with gross domestic product (GDP) projected to grow by 5 percent in 2025 and 5.1 percent in 2026.

However, she pointed to lingering external risks, including trade tensions, prolonged global uncertainty, and volatility in financial markets. On the domestic front, Gonzalez cautioned that large policy changes, if not backed by strong safeguards, could build vulnerabilities.

“Upside risks include bolder structural reforms, including a faster-than-anticipated push on the trade front, and positive spillovers from stronger growth among trading partners,” she said.

The IMF projects Indonesia’s fiscal deficit to reach 2.8 percent of GDP this year, broadly in line with the government’s latest estimate of 2.78 percent and still below the legally mandated cap of 3 percent. The deficit stood at 1.56 percent of GDP at the end of the third quarter. Finance Minister Purbaya Yudhi Sadewa said on Friday that several state institutions had opted to return unspent funds rather than fully absorb their budget allocations. For 2026, the IMF expects the deficit to widen slightly to 2.9 percent of GDP, based on more conservative assumptions for growth and revenue compared with those in the state budget plan, which targets a lower deficit of 2.68 percent.

“Carefully managing budget execution to secure the authorities’ budget target would provide needed fiscal support to the economy while preserving fiscal space should downside risks materialize,” Gonzalez said, adding that fiscal risks must be contained through prudence, strong safeguards, and rigorous oversight of quasi-fiscal operations.

The IMF also called for stronger revenue mobilization, better-quality spending, and improved efficiency to strengthen the role of fiscal policy in supporting growth. Gonzalez noted the government’s ambition to turn Indonesia into a high-income economy by 2045, but stressed that this would require ambitious structural reforms, including improvements in infrastructure, deregulation, reduced trade barriers, and deeper global integration. She added that Indonesia needs to strengthen its supply side, promote micro, small, and medium enterprises, attract higher foreign direct investment, and foster a more dynamic private sector. The IMF’s assessment was based on discussions with government officials, Bank Indonesia, the Financial Services Authority (OJK), public institutions, as well as private sector and civil society representatives held between Nov. 3 and 12.

November 18, 2025, The Jakarta Post

(https://www.thejakartapost.com/business/2025/11/18/indonesia-still-bright-spot-in-troubled-world-economy-imf.html)

Indonesian President Prabowo Subianto inaugurated the New Ethylene Project, a major downstream oil and gas investment by PT Lotte Chemical Indonesia (LCI), in Cilegon, Banten, on Thursday (Nov. 6, 2025). He was accompanied by Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia, State Secretary Prasetyo Hadi, Cabinet Secretary Teddy Indra Wijaya and other senior officials.

Valued at US$3.9 billion (around IDR 62.4 trillion), the project is one of Southeast Asia’s largest petrochemical investments and Indonesia’s first naphtha cracker complex in three decades. According to a fact sheet received by CNBC Indonesia, construction began in 2016, and the facility is set to begin commercial operations in October 2025.

Once operational, the plant is expected to produce downstream oil and gas products worth US$2 billion annually US$1.4 billion in import substitution and US$600 million in export value. It processes naphtha and LPG into upstream products such as ethylene, propylene, mixed C4, pyrolysis gasoline, pyrolysis fuel oil and hydrogen, as well as downstream products including high-density polyethylene, linear low-density polyethylene, polypropylene, butadiene, benzene, toluene and xylene. These materials are essential for industries producing plastic packaging, cables, automotive components, medical equipment, synthetic rubber, tires, insecticides and paint.

The project is expected to reduce Indonesia’s reliance on imported petrochemicals, which currently meet over half of national demand. It will also create an estimated 40,000 jobs during construction and operation, strengthen local workforce capabilities through technology transfer and training, stimulate downstream industry growth and support surrounding communities through infrastructure development and CSR initiatives.

During the inauguration, President Prabowo reaffirmed his commitment to “support and protect” foreign investment, saying investor trust is vital for economic development. He stressed the need for legal certainty and a corruption-free government to ensure a conducive investment climate. Prabowo also praised former president Joko “Jokowi” Widodo for initiating the project, calling for broader appreciation of past leaders’ contributions.

The 110-hectare complex features a naphtha cracker capable of producing 1 million tonnes of ethylene and 520,000 tonnes of propylene annually. It is Indonesia’s second such facility, after PT Chandra Asri Pacific’s cracker established in 1995. Commercial operations are expected to raise Indonesia’s petrochemical self-sufficiency from 60 to 67 percent. The plant will require around 1.2 million barrels of LPG and 2 million barrels of naphtha per year, all sourced domestically.

Lotte Group chairman Shin Dong-bin said the project reflects strong Indonesia–South Korea cooperation and will enhance Indonesia’s industrial competitiveness. Minister Bahlil Lahadalia noted that the government granted a tax holiday to facilitate the investment and highlighted opportunities for future expansion, as only 70 hectares of the site are currently in use.

Energy Shift Institute analyst Ahmad Zuhdi Dwi Kusuma said the project could significantly strengthen Indonesia’s petrochemical sector but urged strict environmental management and a gradual shift toward greener energy. Meanwhile, Indef economist Andry Satrio Nugroho described the plant as a strategic addition to Indonesia’s petrochemical chain, predicting improved raw material availability, more competitive downstream industries and reduced import dependence.

November 6, 2025, The Jakarta Post, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251106105233-4-682776/prabowo-resmikan-proyek-petrokimia-rp624-triliun-terbesar-se-asean)
(https://www.thejakartapost.com/business/2025/11/06/ri-ramps-up-petrochemical-drive-as-prabowo-inaugurates-lotte-plant.html)

Indonesia’s economic growth, recorded at 5.04 percent year on year and 1.43 percent quarter on quarter, continues to demonstrate resilience and broad based expansion despite a slight moderation from the previous quarter. Juwai IQI Global Chief Economist Shan Saeed emphasized that the current trend does not signal a slowdown but rather a mid cycle consolidation, describing it as a healthy pause in an otherwise strong growth trajectory.

“This is not a slowdown, but a healthy consolidation within an economic cycle that remains constructive,” Saeed said in an official statement on Wednesday, November 5, 2025.

He noted that Indonesia is showing structural stability rarely seen in other developing economies in the region. With full year growth projected between 5.0 and 5.8 percent, Saeed believes Indonesia remains a key anchor of macroeconomic stability in ASEAN, supported by disciplined fiscal and monetary policies and strong domestic fundamentals.

Several indicators point to renewed acceleration toward year end. The manufacturing PMI rose to 51.2 in October, extending its expansion to 25 consecutive months and signaling solid new orders and export activity. The trade surplus reached 3.2 billion US dollars in September, marking 65 straight months in positive territory, driven in part by exports of electric vehicle related metals including nickel, copper, and cobalt.

Tourism performance has also strengthened. From January to September, foreign tourist arrivals reached 11.2 million, surpassing the total for 2023. By year end, arrivals are expected to reach 14 million and contribute around 1.2 percentage points to services sector GDP.

Domestic indicators remain supportive. The Retail Sales Index rose 3.1 percent in September, while inflation stayed stable at 2.86 percent in October, indicating that purchasing power remains intact. “With PMI above 50, a consistent trade surplus, and year end tourism momentum, I estimate that fourth quarter GDP could reach 5.5 to 5.6 percent,” Saeed said.

He identified household consumption and exports as the main engines of Indonesia’s expansion. Household consumption, which accounts for 53.8 percent of GDP, remains strong, supported by a Consumer Confidence Index of 103.2 in September. Seasonal spending and year end bonuses are expected to reinforce this trend.

On the external side, exports grew 11.4 percent year on year in September to 23.7 billion US dollars, driven by mineral fuels, iron and steel, and machinery. Imports rose 7.2 percent, suggesting active production and investment activity. The rupiah remained stable at around IDR 15,350 per US dollar, outperforming several regional currencies. Saeed praised Bank Indonesia for maintaining structural currency stability while supporting credit growth. “All credit goes to Bank Indonesia,” he said.

Saeed also highlighted the synergy between fiscal and monetary policy as a major strength of the Indonesian economy. The fiscal deficit, estimated at 1.9 percent of GDP, reflects effective budget management, while infrastructure spending reached 75.3 percent as of September, generating a positive multiplier effect. The BI7DRR policy rate of 6.00 percent has maintained rupiah stability and kept core inflation near the 1.9 to 2.0 percent range. Credit growth of 9.4 percent year on year indicates that monetary conditions remain pro growth. Saeed advised investors to remain tactical in late 2025 and early 2026. He highlighted financials, consumer and retail sectors, infrastructure, logistics, and key metal and energy exports such as nickel matte, copper cathode, and cobalt sulfate as areas with strong potential.

“Stability is Indonesia’s strategy, and growth is its reward. In a world filled with uncertainty, Indonesia remains the macroeconomic anchor of Southeast Asia,” he concluded.

November 5, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251105184940-4-682650/ekonom-global-indonesia-tunjukkan-stabilitas-struktural)

National economic growth remained above the 5 percent mark in the third quarter, driven largely by strong export performance. Statistics Indonesia (BPS) official Edy Mahmud announced in Jakarta on Wednesday that gross domestic product (GDP) growth slowed slightly to 5.04 percent year-on-year (yoy), down from 5.12 percent in the previous quarter, though still marginally higher than the level recorded a year earlier.

“This growth is higher than the third quarter of 2024, which stood at 4.95 percent [yoy],” Edy said.

He noted that average GDP growth for the first three quarters reached 5.01 percent, leaving a noticeable gap to the government’s full-year target of 5.2 percent. The Finance Ministry’s Economy and Fiscal Strategy Directorate General had projected that third-quarter growth would hover around 5.1 percent. However, Finance Minister Purbaya Yudhi Sadewa cautioned in October that growth might come in lower due to weeklong protests in late August that disrupted business activity and created additional uncertainty. Purbaya nonetheless maintained that growth could reach 5.5 percent yoy in the final quarter.

BPS data showed that manufacturing expanded 5.54 percent yoy and remained the largest contributor to GDP, accounting for more than 19 percent of total output. Agriculture grew 4.93 percent yoy, while the trade sector posted 5.49 percent growth. From the expenditure side, household consumption increased by 4.89 percent yoy, slightly below the 4.97 percent recorded in the second quarter. Although consumption still accounts for more than half of GDP, its share declined to 53.14 percent in the third quarter from 54.25 percent in the second and 54.53 percent in the first.

Coordinating Economic Minister Airlangga Hartarto acknowledged a “weakening” in consumption during the third quarter but expressed confidence that it would rebound in the final quarter. He made the remark as he headed to a meeting with President Prabowo Subianto at the State Palace to discuss the economy. Airlangga had initially planned a press conference on GDP performance on Wednesday but cancelled it due to the unexpected meeting. Meanwhile, exports grew 9.91 percent yoy, a slight moderation from the 10.67 percent recorded in the previous quarter.

In an analysis published Wednesday, Permata Bank economist Faisal Rachman attributed the moderation in export growth to normalization after front-loading earlier in the year, when traders rushed to ship goods ahead of higher United States import tariffs on Indonesian products. Imports rose only 1.18 percent yoy, sharply lower than the 11.65 percent growth seen in the second quarter. Faisal noted that weakening imports signaled softer investment. Gross fixed capital formation (GFCF), which reflects investment in buildings, machinery, and other fixed assets, grew 5.04 percent yoy, down from 6.99 percent previously.

Faisal said the overall moderation in growth reflected “seasonal normalization,” noting that the second quarter had been boosted by spending during religious festivities. He added that Indonesia’s growth outlook still faced headwinds, underscoring the need for an expansionary fiscal policy to support productive sectors.

Andalas University economist Syafruddin Karimi said the economy “has started to lose steam,” noting that rising exports had not translated into stronger domestic purchasing power or investment. “The growth engine is running, but not with optimal torque,” he said.

November 5, 2025, The Jakarta Post

(https://www.thejakartapost.com/business/2025/11/05/exports-help-keep-gdp-growth-above-5-in-third-quarter.html)

Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources, said the Energy Minister has been highly proactive in translating President Prabowo’s vision into concrete policies. One of these efforts is the issuance of Ministerial Regulation No. 10/2025 on the Energy Transition Roadmap for the Electricity Sector, designed to accelerate Indonesia’s shift toward clean energy.

“What we must do is identify all potential natural resources to address the challenges of the energy transition. This includes optimizing bioenergy, geothermal potential, water resources, and high solar irradiation. Electricity generation and solar energy are receiving significant attention. From there, we transition from fossil fuels to low carbon and then to carbon free systems,” Eniya said on CNBC Indonesia’s Prabowonomics program, quoted Monday, November 3, 2025.

She explained that these strategies are incorporated into the RUPTL, the 10 year National Electricity General Plan. By 2034, Indonesia is expected to secure 70 percent renewable energy capacity, with an additional 69.5 GW of total capacity, including 42.6 GW from renewable energy and 10.3 GW from storage and battery systems. She added that ocean current energy is also being targeted at 40 MW over the next decade.

“We are also incorporating nuclear power to demonstrate that clean energy is being planned on a massive scale. Our target is 500 megawatts by 2032 for on grid nuclear, and this has been included in national planning. This is a very aggressive step never seen before. Our investment target this year alone will reach 1.5 billion US dollars specifically for renewable energy,” she noted.

With these targets, annual renewable energy additions are projected to reach 1 GW, the highest in Indonesia’s history. In transportation, clean energy policies have been implemented since early 2025. Eniya highlighted the rollout of the B40 biodiesel mandate as one of the government’s key achievements this year, contributing both to energy security and broad economic impact.

“Our biodiesel use is already the highest in the world at 40 percent. This is unprecedented. No other country has achieved this,” she said.

The B40 program reduces fossil fuel imports and has created substantial employment across upstream and processing sectors. Nearly 1.5 million workers are currently employed in on farm activities, while the FAME biodiesel industry has expanded rapidly to 24 business entities.

Beyond economic activity, B40 has helped lower emissions and save foreign exchange. Eniya said the biodiesel sector could reduce 27.18 million tons of CO₂ in 2025, with added CPO value reaching 14.26 trillion rupiah. Foreign exchange savings from biodiesel are estimated at 147 trillion rupiah through 2025, strengthening national energy security and the domestic resource based economy.

However, challenges remain. Indonesia faces two main obstacles in achieving its national energy mix target: electricity sector constraints and fuel sector limitations. Many renewable sources are located in remote regions, such as geothermal fields in mountains or solar plants requiring large land areas.

To address this, transmission network expansion is essential. “We have included this in the new RUPTL and are aggressively investing in transmission,” she said.

The second challenge involves bioenergy. While Indonesia leads the world in biodiesel usage, achieving this requires stronger engagement from farmers and industry players. “The 35 percent roadmap was supposed to take two to three years, but it was accelerated. This is where our natural resources are being tapped, involving many farmers. That is what we want,” she concluded.

November 3, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251103211219-4-681938/setahun-pemerintahan-prabowo-ini-sederet-pencapaian-sektor-energi)

Rosan Roeslani, Minister of Investment and Downstream Development and CEO of the Daya Anagata Nusantara (Danantara) Investment Management Agency (BPI), spoke openly about investments by several South Korean giants, revealing the involvement of companies such as EcoPro, Lotte, and Posco.

Rosan said he met with these companies on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit, adding that Lotte’s completed investment is valued at US$4 billion, or approximately IDR 66.63 trillion (at an exchange rate of IDR 16,659 per US dollar).

“I happened to be attending the APEC event and met with several companies that have already invested in Indonesia, including EcoPro. I will also meet with Lotte and others later. Lotte has completed an investment worth US$4 billion,” Rosan said on the sidelines of the 2025 APEC Summit at the Agenas Room, Lahan Select Hotel, Gyeongju, South Korea, in a written statement on Friday (Oct. 31, 2025).

Rosan added that Lotte will visit Indonesia on November 6, during which discussions with Danantara will be held regarding participation in a project in Cilegon.

“In terms of chemical products, we are also discussing with Danantara the possibility of participating in Lotte’s soon-to-be-launched chemical company,” he explained.

He noted that Lotte had offered a 35 percent stake, which is currently under review.

“They offered 35 percent, but we are reviewing it because this is a very promising product, and the project is already completed. The risks are more measurable, so we can see the potential going forward. I have instructed the team to immediately review Lotte’s offer,” Rosan explained.

Rosan further stated that EcoPro is investing US$2 billion, or about IDR 33.31 trillion, and that he met with EcoPro’s leadership during his visit to Seoul, South Korea.

“EcoPro is investing approximately US$2 billion for its new expansion. We met with the chairman yesterday in Seoul and invited Danantara to participate in the ownership. I will follow up on this, as it is also an investment in the downstream EV battery sector,” he said.

He also highlighted the potential collaboration between Posco and Krakatau Steel, noting that the matter would be followed up.

“We will also pursue this potential collaboration and plan to work with Posco to explore further cooperation with Krakatau Steel,” he added.

In addition to EcoPro, Lotte, and Posco, Hyundai has also expressed interest in investing in Indonesia, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. While Airlangga did not disclose the potential investment value, he confirmed Hyundai’s interest in the EV battery sector.

“That will be discussed later, but they are ready with a specific model that requires more detailed discussions. Of course, this vehicle has a specific design and platform, and the one currently being discussed is for EVs (electric vehicles),” he explained.

October 31, 2025, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-8188480/bocoran-investasi-raksasa-korea-di-ri-lotte-ecopro-hingga-posco)

The Indonesian and South Korean governments have taken initial steps to strengthen economic cooperation ahead of the 2025 Asia-Pacific Economic Cooperation (APEC) Summit, which will take place from October 31 to November 1, 2025, in Gyeongju, South Korea.

Discussions on deepening cooperation were held during a bilateral meeting between Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, and South Korea’s Minister of Trade, Investment, and Energy, Kim Jung Kwan, in Gyeongju on Friday (October 31, 2025).

During the meeting, Airlangga said that discussions centered on several key areas, including investment, trade, energy, digitalization, and future industrial development, with both sides reaching a number of agreements.

“South Korea is one of Indonesia’s main partners in building a competitive and sustainable economy. We want to ensure that this ongoing cooperation continues to develop in a more strategic and concrete direction,” Airlangga said in a press release on Friday.

He expressed hope that the partnership would foster inclusive and sustainable economic growth for both countries. The two sides also reaffirmed their commitment to continuously strengthening mutually beneficial cooperation and supporting sustainable economic development in the Asia-Pacific region.

To enhance bilateral economic ties, both ministers reaffirmed their commitment to strengthening the Joint Committee on Economic Cooperation (JCEC) as the primary platform for advancing collaboration between the two countries. Airlangga also announced that the third JCEC Ministerial Meeting will be held in Indonesia in the first quarter of 2026 to accelerate the implementation of previously agreed strategic projects. In addition, he emphasized the importance of expediting the implementation of the Economic Cooperation Committee under the Indonesia–Korea Comprehensive Economic Partnership Agreement (IK-CEPA).

“IK-CEPA is a vital instrument for deepening our economic partnership. Through this agreement, we aim to ensure direct benefits for industries and communities in both countries,” Airlangga said.

Concluding the meeting, Airlangga expressed confidence that cooperation between Indonesia and South Korea will continue to progress toward a comprehensive, innovative, and sustainable economic partnership.

“Economic cooperation between Indonesia and Korea not only reflects strong bilateral relations but also contributes significantly to regional economic growth. Moving forward, we will continue to strengthen this inclusive and mutually beneficial partnership,” he added.

South Korea remains one of Indonesia’s key strategic partners in strengthening bilateral economic relations. In 2024, it ranked as the seventh-largest investor in Indonesia, with around 2,000 Korean companies operating in collaboration with local partners.

October 31, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251031103428-4-681001/ri-korsel-perkuat-kerja-sama-ekonomi-jelang-ktt-apec-2025)