Good morning, Chief...
The following is important information related to the development of the business universe that needs attention today based on the curation of the SUAR Team.
Build the Automotive Industry Ecosystem First, Then Realize the National Car
- The discourse on building a national car has resurfaced after President Prabowo targeted that, within three years of his term, Indonesia will have a self-made car. After Indonesia previously had national car aspirations with the Timor brand, Bimantara, and most recently Esemka, President Prabowo now wants to bring a variant of the Maung car from PT Pindad (Persero) as a national car. The government has proposed it as a National Strategic Project (PSN).
- Industry players and automotive observers have various views on this matter. Starting from determining the definition of a national car in advance to strengthening the supporting supply chain ecosystem.
Read the full story here.
Solid Bank Performance in Q3, an Indication of a Vibrant Economy
- In the midst of an uncertain economy and in a slowing trend, a number of national banks still recorded business growth in the third quarter of 2025. Bank Mandiri, which just released its financial statements for the third quarter of 2025 on Monday (27/10/2025), recorded credit growth of 11.6% YoY to Rp 1,764 trillion. Another state-owned bank, BNI, also recorded credit growth in the third quarter of this year of 10.5% YoY to Rp 812 trillion. Previously, the country's largest national private bank, BCA, also reported its strong financial performance. During the nine months of this year, BCA recorded credit growth of 7.6% YoY to Rp 944 trillion.
Read the full story here.
The Great Potential of Indonesian Herbal Medicine Towards Global Class
- As one of the countries that has biodiversity, Indonesia has great potential to develop natural ingredients to become raw materials for herbal medicinal products with international standards and quality. The development of modern herbal medicine in Indonesia has also received support from the World Health Organization (WHO).
Read the full story here.
Innovative Master Lemon Becomes a Star in Lembang
- Master Lemon is now well known throughout Indonesia and is one of the proud products of Cikahuripan Village, Lembang, West Java. The brand "Master Lemon" itself is taken from the name of Lina's second child named Dewantara Master. Because at the time of starting the business, Lina was pregnant with Master. She believes the power of a child's name will bring blessings in business. From that event, Lina branded her lemon business with the name Master Lemon. The opportunity to develop processed lemon products came about because she saw the many benefits obtained from lemons, namely a source of vitamin C, helping skin health, maintaining body power, and preventing dehydration.
Read the full story here.
Selected Videos: A Lemon Master's Success Story that Thrives on Perseverance and Collaboration
Agung Mahesa Fikri
Secure Stock, Gold Producers Must Supply Domestic Market
- Indonesia is a major force on the global gold industry map. As the owner of the world's top 5 gold reserves, Indonesia accounts for about 4% of world production. However, domestic demand is still dependent on imports. Indonesia's gold production in 2024 is reported to reach 100,000 kg (100 tons). This should make domestic stocks quite secure. However, the fact remains that the country still has to import to meet growing domestic demand.
- This paradoxical situation has prompted the government to propose a domestic market obligation (DMO) policy for gold for domestic mining producers. Following the development of global turmoil, gold demand in the global and domestic markets shows the need to invest in the long term. During the Covid-19 pandemic, domestic gold demand declined. However, a year after the pandemic demand began to surge.
Read the full story here.
International Franchise and Business Expo (IFBEX) 2025. This inaugural business and franchise exhibition that aims to connect entrepreneurs provides insights and networks to start business ownership. It took place for 3 days, namely October 28-October 30, 2025 at the Surabaya Convention Center. IFBEX featured an exhibition of franchisees' business opportunities, workshops led by industry experts and franchisees, and keynote presentation sessions. This event is also an opportunity for participants to build connections with entrepreneurs to franchisees leaders to develop business. Participants can join IFBEX directly to explore various business opportunities by registering through the official IFBEX website.
Indonesia Technology Innovation (INTI) 2025. The largest business-to-business (B2B) technology and innovation exhibition event in Indonesia aims to drive digital transformation and advance technological progress across industries. The event is organized by CNG Trade Events. Despite being postponed from its original schedule of September 2025, INTI is set to take place over 3 days, October 28-30, 2025 at JIEXPO Kemayoran, Jakarta. INTI 2025 focuses on key sectors, such as Smart Cities, Artificial Intelligence, Cybersecurity, and Digital Infrastructure by featuring world-class exhibitions, expert-led conferences, live demos, as well as the INTI Startup Exhibition which provides opportunities for startups to meet with investors. Industry leaders, visionaries, startups, and investors are expected to be part of this event by registering through the official website listed on INTI's Instagram bio.
"Innovation distinguishes between leaders and followers." (Steve Jobs - Apple Founder)
Have a good day, Chief.
Team SUAR
