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View all search resultsThe global fertilizer shortage has prompted the government to develop a new fertilizer production facility in West Papua that will start operating in 2027, with a dual aim to reinvigorate the agriculture industry in the country’s eastern regions.
As Indonesia continues to build downstream industries, it faces multiple challenges in becoming a developed country. Investment Minister Bahlil Lahadalia spoke to The Jakarta Post about investment prospects in 2023 and how the country has proven naysayers wrong along the way.
Foreign direct investment (FDI) jumped 63.6 percent annually to Rp 168.9 trillion (US$10.81 billion) in this year’s third quarter, hitting a multi-decade high, but a global economic slowdown casts a dark shadow over next year’s outlook, the government has cautioned.
The Investment Ministry has put on offer 47 sustainable projects worth over Rp 155 trillion (US$10.83 billion) located across the archipelago, as the government aims to tap into the growing global sustainable finance market and boost the economy.
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