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.
Agreed Gas Price of USD 7 per MMBTU, Industry Ready to Improve Competitiveness
- Industry players in Indonesia are asking for a more equitable and affordable pricing of certain natural gas (HGBT) at the level of USD 7 per MMBTU, in order to increase the competitiveness of the national industry. The government previously set the HGBT at USD 6 per MMBTU since 2016 as an incentive for seven strategic industrial sectors, later rising to USD 7 per MMBTU. The government considers cheap gas prices at the level of US$ 7 per MMBTU to be ideal. If there is still a price increase, then the tolerable increase is at US$ 10 per MMBTU.
- The Ministry of Industry stated that the gas price policy for raw materials has a significant impact on national industrial growth with an added value of up to Rp 496.5 trillion. The details are an increase in exports of Rp 191.84 trillion, an increase in tax revenue of Rp 31.27 trillion, additional investment of up to Rp 272.4 trillion, and a decrease in fertilizer subsidies of Rp 950 billion.
Read more here.
ASEAN Digital Economy Agreement Finalized Soon, Projected Market Value of USD 2 Trillion in 2030
- The Indonesian government and ASEAN countries are finalizing the ASEAN Digital Economic Framework Agreement (ASEAN-DEFA). This is expected to be an important milestone for the development of Indonesia's digital economy. Coordinating Minister for the Economy Airlangga Hartarto said that Indonesia is ready to lead the ASEAN digital market, which by 2024 will reach a market value of USD 263 billion with a population of 680 million. Of this amount, Indonesia contributes with a market value of USD 90 billion, and is targeted to reach USD 360 billion by 2030.
Read the full story here.
Gold Prices Soar, Mining Companies Seize Opportunity
- Gold prices have continued to skyrocket this year. At the beginning of this year, Antam's gold price was in the range of IDR 1,524,000 per gram, but has now risen 47.63% to IDR 2,250,000 per gram. What are the opportunities for gold mining companies?
Read the full story here.
Wilmar Develops Plasma Palm Plantation in Labuanbatu
- One of Wilmar Group's subsidiaries, PT Perkebunan Milano signed a memorandum of understanding (MoU) on Partnership Farming Program with Seira Mandiri Jaya Producer Cooperative in Sei Rakyat Village, Labuhanbatu Regency, North Sumatra. This program is a form of the company's commitment in supporting the improvement of farmers' welfare around its operational areas.
- In the agreement, PT Perkebunan Milano will provide support to cooperative members in the form of technical guidance, access to capital, and guarantees for marketing yields. Through this partnership, the community gets the opportunity to manage plasma plantations better and more sustainably.
Read more here.
Selected Videos From Local Kitchen to Shopee: Digital Strategy for Kids' Snack UMKM
Agung Mahesa Fikri
Microeconomic Potential Disrupted if Live TikTok is Banned
- The government's decision to freeze TikTok's operating license in Indonesia on Friday, October 3, 2025, has once again created uncertainty in the national e-commerce business. Although the freeze was lifted a day later, the incident, which repeats the same thing at the end of August, has the potential to shake up the digital commerce ecosystem, which is increasingly popular and has become the first choice for shopping.
- Indonesia plays an important role in the sustainability of TikTok Shop 's business globally. Based on GMV data for the first half of 2025, Indonesia is now TikTok Shop 's largest market in the world. In the first semester of 2025, the total GMV of TikTok Shop in Indonesia reached US$6 billion, surpassing the United States which recorded US$5.8 billion.
Read the full story here.
Indonesia Sharia Economic Festival (ISEF) 2025: The largest sharia economic event in Indonesia that aims to develop the country's sharia economy through collaboration and inspiration is organized by Bank Indonesia (BI) together with the National Committee for Sharia Economics and Finance (KNEKS) and other strategic partners. ISEF 2025 will take place over five days, October 8-12, 2025, at JIEXPO Convention Center & Theater. The event features a variety of inspirational programs, such as sharia economic discussions, daily studies, halal product and culinary exhibitions, sharia financial services, fashion shows, and various other activities. Participants can attend ISEF 2025 for free and can obtain admission tickets on-site or through online registration. Other information can be accessed through ISEF's Instagram social media.
"Japan's Security Cooperation with ASEAN: Evolution, Challenges, and Implications for Indo-Pacific Regional Order": Organized by the Foreign Policy Community of Indonesia (FPCI) in collaboration with the Mission of Japan to ASEAN, this event will present Prof. Takeshi Yuzawa, Professor of International Relations from Hosei University as the keynote speaker who will share his insights. Prof. Takeshi Yuzawa will present on the evolution, challenges, and implications of Japan-ASEAN security cooperation on Indo-Pacific regional order amid geopolitical uncertainties. The event as a whole also provides the public with a comprehensive perspective on Japan's policies, politics, economics and conditions in Southeast Asia. The discussion is scheduled for Wednesday, October 8, 2025, starting at 13.30 WIB, at Prof. Hasjim Djalal Auditorium, FPCI Secretariat. Participants who wish to attend the event can access the information through FPCI's Instagram social media.
"Business is only a dengkul capital even if you don't have a dengkul borrow someone else's dengkul." (Bob Sadino - Indonesian Entrepreneur)
Have a good day, Chief.
Team SUAR
