The State-Owned Enterprises Ministry hopes that Pertamina's due diligence process in taking over Shell's 35-percent participating interest in the Masela Block can be completed in the first quarter of 2023.

E-groceries startup Sayurbox and job search platform Glints laid off their employees. The wave is expected to continue along with the threat of a global economic recession in 2023.

Singapore-based logistics startup Haulio acquired Logol as part of its expansion in Southeast Asia.

Freeport Indonesia aims to increase its daily production capacity to 230,000 tons of copper and gold ores next year, or 100 percent of its capacity.

Pertamina Patra Niaga is ready to operate three new internationally standardized liquefied petroleum gas (LPG) terminals in Wayame, Jayapura, and Dumai.

The Criminal Code enactment hit the tourism industry. The "Bali bonk ban" issue will extend to other business sectors and affect the investment climate.

A total of 23 domestic and foreign companies are included in Indonesia's US$30.9 billion downstream mining investment pipeline.

The Badak LNG refinery's LPG production has increased by 323 percent following the implementation of the LPG Booster System. There will be an extra 1.56 million meter cubic of LPG in 2022-2027.

The lack of funding is constraining bauxite and tin smelter development across Indonesia. The government will help relevant developers secure commercial credits with competitive interest rates.

As of Dec 6, Indonesia’s COVID-19 tally in the last 24 hours went up by 3,744 to 6,682,437 cases.