EXECUTIVE BRIEF: Building Sustainable Supply Chains: Indonesia’s Agrifood Opportunity

Executive Summary

The rules of global sourcing have changed. For decades, the winning formula was simple: source cheap, source big, keep it flowing. Today, buyers want to know where their palm oil, cocoa, coffee, and rubber come from—and whether producing them cost a forest, a fair wage, or a community’s future.

As regulations like the European Union Deforestation Regulation (EUDR) tighten, proving where a product comes from is no longer a public-relations gesture. It decides whether you get to sell at all. Sustainability has become the price of market entry.

For Indonesia, this shift is a rare opening. The real prize is not shipping out more raw material at low prices—it is building sustainable, high-value supply chains at home. With abundant farmland, a fast-growing food-processing sector, and a large domestic market, Indonesia has a genuine shot at becoming ASEAN’s hub for sustainable food manufacturing and agricultural processing.

Key Takeaways

• Sustainability is now the price of entry. Rules like the EUDR demand deforestation-free sourcing, verified origins, and due diligence across the whole chain. Miss the mark, and markets close.
• Inclusion beats exclusion. Where smallholders are central, pushing them out breaks supply and traceability. Bringing them into sustainable systems is both the right and the practical move.
• Sustainability can create value, not just cost. Combine clean sourcing, producer support, quality, local processing, and good data, and Indonesia graduates from low-cost supplier to trusted maker of high-value goods.

The Shift That Changes Everything

Not long ago, three things mattered most to buyers: price, volume, and reliable supply. Now companies ask harder questions. Where was this grown? How? Does it meet environmental and social standards?

Several forces converge at once. Consumers pay closer attention. Investors weigh ESG performance. Global brands tighten sourcing policies. And regulators raise the bar. The EUDR sits at the front of this wave, requiring companies to prove that products tied to palm oil, cocoa, coffee, rubber, timber, soy, and cattle are not linked to deforestation.

Indonesia stands squarely in this story. Alongside its rich commodities, it has a vast home market and a maturing processing industry. The question is no longer whether it will keep selling raw materials—it is whether it can build the higher-value, transparent chains the world now demands.

Indonesia’s Commodities at a Glance

Why Regulation Alone Won’t Solve It

Indonesia has moved on several fronts. A moratorium on new logging permits in primary forests and peatlands began in 2011 and became permanent in 2019, followed by a freeze on new oil-palm permits and REDD+ initiatives. Mandatory biodiesel blending—B30, B35, and now B40 towards B50—creates steady domestic demand that cushions export swings and supports energy security.

But policy alone cannot control what happens on the ground. Even with moratoria in place, plantations expand within existing concessions. Local enforcement is stretched thin. And where big developers are constrained, smallholders keep converting land in their own way.

The conversion is often quiet and indirect. Forest rarely flips straight to oil palm. Instead, shifting cultivation, degraded secondary forest, rubber plots, and rice fields gradually give way to palm. Each step looks small; together they add up to real change.

Economics explains why. Palm oil often pays better than rubber or rice, making it a practical choice for farmers trying to make a living. No environmental rule can simply erase that incentive. That is why the answer runs through smallholders, not around them—technical help, better yields, certification support, land-use data, and reliable buyers turn compliance from a threat into an opportunity.

Palm Oil: From Raw Export to Value-Added Powerhouse

Palm oil is Indonesia’s signature product and a workhorse of the global economy. Yet there is a structural catch. For years, Indonesia has shipped it out as unprocessed, low-value crude palm oil (CPO), while companies abroad captured the richer margins in refining, processing, and marketing. Despite owning the plantations, Indonesia too often played the role of raw-material warehouse in someone else’s value chain.

That is the opportunity. The goal is not to grow and export more, but to build a higher-value domestic chain—and downstreaming is already underway.

Palm Oil Downstreaming Routes

The further downstream Indonesia moves, the more traceability matters. Selling to global buyers means proving deforestation-free sourcing at the root—which is why NDPE (No Deforestation, No Peat, No Exploitation) and RSPO certification are foundations, not formalities.

Cocoa, Coffee, and Rubber: Three Distinct Paths Up the Chain

Each of Indonesia’s other major commodities offers a different route to higher value:

• Cocoa is a livelihoods story. Sustainability here stands or falls on the farmer. Without stable incomes and better plantation management, gains in quality and traceability simply do not hold. Fix the farm, and cocoa can feed chocolate ingredients, confectionery, and local food manufacturing.
• Coffee is a branding story. Its edge lies in premiumization—origin branding, roasting, cafés, tourism, and strong domestic demand. Climate adaptation protects the crop; branding captures the margin.
• Rubber is an industrial story. Because it ends up in tires and industrial goods, manufacturers now demand upstream visibility. Meeting responsible-sourcing standards connects Indonesian rubber directly to global automotive supply chains.

A Note on Seafood

Indonesia’s supply-chain story does not end on land. As an archipelagic nation, it holds vast marine wealth—shrimp, tuna, squid, crab, and seaweed—that matters for both exports and domestic tables.

The risks look different from deforestation: illegal, unreported, and unregulated (IUU) fishing, overfishing, catch certification, and traceability from net to export. Regulators are responding. On 10 January 2026, the EU launched CATCH, a digital catch-certification system replacing paper certificates. Indonesia’s answer is STELINA, a national traceability system aligned with Global Dialogue on Seafood Traceability (GDST) standards, built to show that its seafood comes from responsible fisheries.

How Companies Are Actually Doing It

Regulation sets the rules, but real change happens in day-to-day sourcing. These moves preview what Indonesia’s future partners will expect.

• Reshaping the chain (Mars, Unilever, Ferrero, Nestle, Fuji Oil and Chateraise). These giants no longer just buy ingredients—they redesign how they are produced. Mars’s Palm Positive Plan simplifies and verifies its supply chain through long-term contracts with transparent suppliers. Unilever reports that 97% of its 2024 orders for palm oil, paper, tea, soy, and cocoa were deforestation-free, backed by direct oleochemical investment in Indonesia. Ferrero buys RSPO-certified segregated palm oil from a limited circle of trusted suppliers, tracing oil to the plantation. Initiatives by companies such as Barry Callebaut and Nestlé highlight the importance of farm mapping, income improvement, agricultural support, child-labor prevention, and long-term producer engagement. At the same time, Indonesia’s opportunity lies not only in producing cocoa beans, but also in building local food-manufacturing value chains. Fuji Oil Group’s presence through Freyabadi Indotama shows the potential to connect cocoa sourcing with industrial chocolate, food ingredients, quality control, and responsible procurement. Chateraise’s presence in Indonesia and interest in halal product exports also suggests that Indonesia can function not only as a consumer market, but as a base for halal-compliant food manufacturing and exports to ASEAN and other markets. Together, these examples show that sustainable supply chains should be understood as an integrated value chain. Producer support, traceability, quality control, local processing, halal compliance, and export potential can reinforce each other. For Indonesia, the key opportunity is to move from raw-material supply toward higher-value food manufacturing based on trusted and sustainable sourcing.
• Building industrial traceability (ITOCHU, Michelin). For rubber, technology is closing the visibility gap. ITOCHU’s blockchain platform, PROJECT TREE, logs plantation locations, transactions, and geolocation on a checkable map—Tokyu Bus adopted tires made through it in 2023. Michelin’s RubberWay maps social and environmental risk across a fragmented supply base; by end-2024, suppliers representing 93% of its rubber had adopted it.
• Spreading beyond the West (COFCO, Mengniu). Sustainable sourcing is no longer a Western-only movement. COFCO International and Mengniu have sourced deforestation-free Brazilian soybeans for the Chinese market—a signal that these conditions are entering Asian procurement too.

The common thread: for these companies, sustainable sourcing is not charity. It is strategy—about supply security, brand protection, and resilience.

Skylight’s View Sourcing Systems Are Industrial Infrastructure

Sustainable Supply Chains as Strategic Infrastructure for Indonesia’s Agrifood Competitiveness

Indonesia’s agrifood competitiveness will soon be judged by far more than abundant resources and low costs. The mindset that matters most is this: sustainable sourcing systems are long-term industrial infrastructure. Just as roads, ports, and power are essential to manufacturing, so are producer support, plantation-level data, traceability, and durable sourcing relationships. Call it the “soft infrastructure” of agrifood.

That infrastructure does something a single certificate cannot—it earns trust, and trust attracts capital. When plantation locations, land-use history, producer details, and quality data can all be managed, global companies stop seeing Indonesia as a cheap place to buy and start seeing it as a reliable place to source, process, and export.

The prize is bigger than volume. By weaving together sustainability, data, quality, and local processing, Indonesia can build home-grown, high-value food and consumer-goods chains that the world’s leading companies trust—and want to be part of. The countries that build this infrastructure early will set the terms others follow.

Latest Update

• Sino Biopharmaceutical and Tempo Scan Establish Biopharmaceutical Joint Venture in Indonesia
  • PT Tempo Scan Pacific Tbk has established a joint venture with Chia Tai Tianqing Pharmaceutical Group Co., Ltd. (CTTQ), a subsidiary of Sino Biopharmaceutical Limited, to develop specialty pharmaceutical and innovative medicine businesses in Indonesia. The new company, PT Tempo CTTQ Biopharmaceutical Indonesia (TCBI), is 51% owned by the Sino Biopharmaceutical side and 49% owned by Tempo Scan.
  • Tempo Scan is a fully Indonesian-owned company with an integrated business ecosystem covering research and development, manufacturing, and distribution. The company currently operates 16 production facilities and has a distribution network of 238 branches across Indonesia, supporting the supply of pharmaceutical and healthcare products nationwide over more than 70 years.
  • Tempo Scan has developed well-known brands such as Bodrex, Hemaviton, NEO Rheumacyl, Oskadon, MY BABY, Marina, and Vidoran. By combining Sino Biopharmaceutical’s research and development capabilities with Tempo Scan’s domestic manufacturing and distribution infrastructure, the joint venture can be positioned as part of Indonesia’s effort to strengthen the supply capacity and future localization of high-value pharmaceutical products.
  • In the initial stage, the joint venture will focus on organizational development, market development, regulatory processes, clinical trials, and responsible commercialization of pharmaceutical products, before gradually exploring technology transfer and domestic production using Tempo Scan’s manufacturing facilities.
  • The partnership is closely linked to Indonesia’s structural dependence on imported medicines, which around 90% of synthetic chemical medicines in Indonesia are still imported, while nearly 100% of biological medicines, including biosimilars, are sourced from overseas. Indonesian government officials have welcomed investment from both countries to support the development of biological therapies for areas where demand continues to grow, including cancer, diabetes, liver disease, respiratory disease, and anti-infective treatments. The potential product categories include monoclonal antibodies, biosimilars, recombinant proteins, cytokines, and biological insulin.
• China’s XCMG Opens Electric Heavy Equipment Factory in North Maluku
  • Chinese construction machinery giant XCMG has started operations at a new-energy heavy equipment manufacturing facility at Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera Regency, North Maluku. The factory began operations on July 27, 2026, as XCMG’s first overseas manufacturing facility and will produce new-energy heavy equipment, including the fully electric wheel loader XC968-EV. The facility is designed to build an integrated industrial chain covering research and development, manufacturing, supply, sales, after-sales service, and financing support. This marks a shift from an export-oriented business model toward stronger localized production and customer support in Indonesia.
  • XCMG has operated in Indonesia for more than 30 years and currently has 32 sales networks, 53 service networks, more than 120 service vehicles, and a three-level spare parts management system across the country. More than 30,000 units of XCMG equipment are already operating in Indonesia, while the local employee ratio at XCMG Indonesia has reached around 80%. The new factory should therefore be positioned not only as a production base for electric heavy equipment, but also as part of the localization of industrial supply chains supporting North Maluku’s nickel downstreaming industry and industrial estate development.
  • The opening of the factory is closely linked to the mining and industrial park ecosystem in North Maluku. Around IWIP, demand for heavy equipment remains strong due to nickel-related industries, mining operations, infrastructure development, and logistics within industrial estates. The XC968-EV electric wheel loader is expected to reduce operating costs by around 78% and maintenance costs by around 60% compared with diesel-powered equipment in the same class. It is also estimated to reduce carbon dioxide emissions by around 150 tons per unit annually. Local production of electric heavy equipment can therefore be seen as part of efforts to improve both operational efficiency and decarbonization in Indonesia’s mining and infrastructure sectors.
• Bali Prepares Tidal Current Power Project in Nusa Penida While Advancing Waste-to-Energy Development
  • The Indonesian government and the Bali provincial government are preparing to develop a tidal current power plant (PLTAL) in the waters around Nusa Penida, Bali, with operations expected to begin in 2029. Nusa Penida was selected as a potential site based on ocean current measurement data, grid interconnection prospects, transport access, and local policy support. This is aligned with The Bali provincial government to designate Nusa Penida as a low-emission area, positioning the project as part of the broader “Bali Mandiri Energi” or Bali energy self-sufficiency agenda.
  • The three straits around Nusa Penida are estimated to have a combined tidal current power potential of around 376.8 MW. Meanwhile, Bali’s electricity demand currently stands at around 1,300–1,400 MW, of which approximately 400 MW is still supplied from the Paiton coal-fired power plant in East Java through submarine cables. As tourism and economic activity continue to increase electricity demand, reducing dependence on external power supply and expanding clean energy sources have become important priorities for Bali.
  • In addition to tidal current power, Bali is also advancing waste-to-energy development as part of its clean energy and environmental management strategy. The Denpasar–Badung waste-to-energy project is intended to address the tightening capacity of the Suwung landfill and Bali’s broader waste management challenges. Construction began in July 2026, and the facility is expected to process up to 1,200 tons of waste per day.
  • While tidal current power highlights Bali’s potential to utilize marine renewable energy, waste-to-energy addresses both electricity generation and the waste crisis facing a major tourism destination. Together, the two projects can be positioned as complementary initiatives supporting Bali’s energy self-sufficiency and environmental sustainability.
• Mazda Begins Local Assembly of CX-30 in West Java While Preparing China-Linked EV Launch
  • Mazda Motor Corporation announced that local assembly of the compact SUV Mazda CX-30 will begin on July 29, 2026, at Mazda Indonesia Plant in Citeureup, Bogor Regency, West Java. The project is led by PT Eurokars Motor Indonesia (EMI), Mazda’s local distributor in Indonesia, and its subsidiary PT Eurokars Produksi Pratama (EPP), using a dedicated Mazda assembly line. Mazda will support the project by supplying components from Japan, providing technical guidance, introducing production equipment, and training local human resources to ensure that the locally assembled model meets the company’s global quality standards.
  • The initiative makes Indonesia Mazda’s fourth production base in Southeast Asia, following Thailand, Vietnam, and Malaysia. Local reports indicate that Mazda Indonesia Plant covers around 6.2 hectares and has an initial production capacity of approximately 5,700 units per year. As Mazda vehicles sold in Indonesia have largely been distributed as completely built-up (CBU) imports, the local assembly of the CX-30 marks an important step for the company to shift from a mainly sales-and-import model toward a more localized supply structure in the Indonesian market.
  • At the same time, Mazda is expected to introduce electrified models in Indonesia through imported vehicles developed in cooperation with its Chinese partner: Mazda 6e, which is based on the Mazda EZ-6 developed through Mazda’s collaboration with Changan Automobile. This suggests a two-track strategy: strengthening price competitiveness and supply capacity in the volume SUV segment through local assembly, while testing market acceptance for EVs through China-linked imported models. The project can therefore be viewed not only as a new Japanese automotive assembly initiative, but also as part of Mazda’s broader effort to rebuild its ASEAN market strategy by combining local assembly in Indonesia with China-based EV development and production networks.
• Sumitomo Corporation and Kanadevia Launch Waste-to-Energy Project in West Java
  • A consortium involving Sumitomo Corporation, Kanadevia, and other partners is moving forward with the Legok Nangka Waste-to-Energy Project in West Java. Under the plan, the facility will process waste collected from several municipalities in West Java and use it as fuel for power generation. The plant is expected to have a waste processing capacity of around 2,000 tons per day and power generation capacity of approximately 40 MW. It can be positioned as a public-private waste-to-energy project that has also involved support from JICA and other Japanese government-related institutions.
  • Indonesia has traditionally relied heavily on landfill disposal for municipal waste, but limited landfill capacity and rising urban waste volumes have become serious challenges. Danantara is advancing PSEL projects in several regions, including Bekasi, Denpasar, Bogor, and Yogyakarta, with the aim of developing more than 30 waste-to-energy plants across the country.
  • A key feature of the Legok Nangka project is its business model, which combines electricity sales with waste treatment fees from local governments and other parties. Some Danantara-led PSEL projects rely primarily on long-term fixed-price electricity purchases by PLN. However, waste-to-energy projects generally require larger investment than many other renewable energy projects, while power generation efficiency can be affected by factors such as waste moisture content and sorting conditions. For this reason, a model that combines waste treatment fees with electricity sales is important for improving project stability.
• CoreWeave to Build Its First Asia-Pacific AI Data Center Presence in Indonesia
  • CoreWeave, an U.S. based AI cloud company, has announced plans to establish its first data center presence in the Asia-Pacific region in Indonesia. The company plans to develop three new facilities in the country, adding a total of 360 MW of contracted power. The facilities are expected to come online in 2028 and will be owned and operated by CoreWeave’s — a provider of GPU-based cloud infrastructure for AI training and inference workloads. CoreWeave’s expansion indicates that Indonesia is beginning to attract attention as a regional hub for AI computing infrastructure.
  • The move reflects the rapid growth of demand for AI compute across Asia. As enterprises, there is growing value in locating AI infrastructure closer to data, users, and local markets. For AI applications, especially those requiring low latency, data locality, and high-performance computing, the location of data centers is becoming strategically important. In this context, Indonesia’s large domestic market and digital economy ambitions make it an increasingly relevant destination for AI infrastructure investment.
  • CoreWeave’s entry is particularly notable because it is focused on AI-native cloud infrastructure rather than conventional cloud services alone. The project suggests that Indonesia is not only being viewed as a consumer market for digital services, but also as a potential production base for AI computing capacity within Asia. If supported by reliable power, connectivity, and skilled local operations teams, the country could strengthen its role in the regional AI value chain.
  • At the same time, large-scale AI data centers bring significant infrastructure challenges. A 360 MW power requirement is substantial, and the success of such projects will depend on stable electricity supply, grid capacity, cooling infrastructure, water management, renewable energy procurement, and coordination with local communities.
• Selatox Develops Indonesia’s First Botulinum Toxin Manufacturing Faculty
  • PT Selatox Bio Pharma, a company linked to South Korea’s Daewoong Pharmaceutical, is developing Indonesia’s first botulinum toxin manufacturing facility in the Jababeka Industrial Estate in Cikarang, Bekasi Regency, West Java. The facility has obtained Good Manufacturing Practice-related certification from BPOM and represents an important step toward building local production capacity for high-value biopharmaceutical products in Indonesia.
  • Botulinum toxin products are used not only in aesthetic medicine, but also in medical applications such as neurological disorders and muscle-related conditions. Selatox’s project aims to combine Daewoong’s manufacturing technology and know-how with local biopharmaceutical production, quality assurance, research and development, and talent development. Indonesia’s pharmaceutical manufacturing sector has traditionally been centered on generic and basic pharmaceutical products. Investment in products such as botulinum toxin, which require advanced manufacturing controls, can support industrial upgrading. The project may also create spillover effects in cold-chain management, quality testing, regulatory capability, and specialized workforce development.
  • A particularly important feature of Selatox’s strategy is its focus on halal-certified botulinum toxin products. As one of the world’s largest Muslim-majority markets, Indonesia provides a strategic base for developing pharmaceutical and aesthetic medical products that meet halal requirements. In healthcare and aesthetic medicine, halal compliance can support trust, market acceptance, and differentiation. If successfully commercialized, halal-certified high-value biopharmaceutical products could help Selatox serve not only the Indonesian market, but also broader Muslim-majority markets.
  • Separately, Daewoong has also launched Enavogliflozin, an SGLT-2 inhibitor for diabetes treatment, in Indonesia, expanding treatment options for around 20 million people living with diabetes. While this is separate from Selatox’s manufacturing project, it shows that the Daewoong group is positioning Indonesia not merely as a sales market, but as a strategic healthcare market combining chronic disease treatment, biopharmaceutical manufacturing, halal compliance, and engagement with local medical professionals.
• AMITA Group Advances Alternative Raw Material and Fuel Plant in Indonesia
  • AMITA Group will increase capital in its Indonesian joint venture as part of its full-scale rollout of a closed-loop recycling business in Indonesia. AMITA CIRCULAR DESIGN SDN. BHD., the Group’s regional headquarters, plans to contribute up to IDR 5.76 billion to PT Amita Tamaris Lestari. The funds will be used for the construction of a circular materials plant scheduled to begin operations by the end of fiscal 2027.
  • The capital increase builds on AMITA Group’s gradual expansion of its business foundation in Indonesia. In 2023, the company signed a memorandum of understanding with PT Indocement Tunggal Prakarsa Tbk., one of Indonesia’s major cement producers, to jointly study the feasibility of carbon-neutral and circular business models in the country. Following market research and feasibility studies, AMITA identified business potential in converting industrial and municipal waste into alternative raw materials and fuels for the cement industry.
  • In 2024, AMITA’s regional headquarters established PT Amita Tamaris Lestari with PT Tamaris Prima Energi, which is affiliated with the Salim Group and engaged in renewable energy and water infrastructure businesses. PT Amita Tamaris Lestari then established PT Amita Prakarsa Hijau with PT Sari Bhakti Sejati, a subsidiary of Indocement, to operate the closed-loop recycling business in Indonesia. Through this structure, AMITA is building a local platform that combines business development, local networks, and access to cement industry demand.
  • The project will manufacture and supply alternative raw materials and alternative fuels for the cement industry using industrial waste, municipal waste, and biomass resources as feedstock. The plant is planned in Bogor Regency, West Java Province. Its products will include Alternative Raw Material (RAW) and Alternative Fuel (AF). Preparations are currently underway for licensing, plant construction, and the start of commercial operations.
  • The project is closely linked to Indonesia’s growing need for proper waste management and industrial decarbonization. As the country continues to urbanize and expand infrastructure, waste treatment has become an increasingly important policy issue. At the same time, the cement industry, which supports infrastructure development, faces pressure to reduce CO2 emissions from both fossil fuel use and production processes. Using waste-derived materials as alternative raw materials and fuels can therefore support waste management, resource circulation, and decarbonization at the same time.
  • AMITA Group already operates a closed-loop recycling business for the cement industry in Malaysia, and the Indonesian project is intended to become its next overseas business base based on the capital increase. In this sense, the project can be positioned as a Japanese investment case that connects environmental infrastructure, circular economy development, and decarbonization of Indonesia’s cement industry.
• Nihon M&A Center Partners with Sinar Max-Backed CVC to Strengthen Indonesia-Japan Investment Connectivity
  • PT Nihon M&A Center Indonesia, the Indonesian subsidiary of Nihon M&A Center, has formed a strategic partnership with Living Lab Ventures, the corporate venture capital arm of Sinar Mas Land. The partnership aims to expand investment, M&A, and business collaboration opportunities between Indonesia and Japan by connecting Indonesian companies and startups with Japanese corporations and strategic investors.
  • Living Lab Ventures operates as an investment platform based in BSD City, leveraging Sinar Mas Land’s property and urban development ecosystem to connect startups, corporations, investors, and global partners. Nihon M&A Center has a strong network of Japanese mid-sized companies, SMEs, financial institutions, and investment partners, and has been expanding its cross-border M&A support structure across ASEAN. The partnership therefore strengthens the bridge between Indonesian growth companies and Japanese strategic capital.
  • The move reflects a broader shift in Indonesia–Japan economic relations. Beyond traditional manufacturing and infrastructure investment, cooperation between the two countries is increasingly expanding into M&A, startup investment, strategic partnerships, and business expansion support. In Indonesia, growing consumer demand, digitalization, and the need for growth capital are creating opportunities for local companies to seek strategic partners. For Japanese companies, partnerships or acquisitions in Indonesia can support ASEAN market entry, business expansion, and long-term growth outside Japan.
  • Although the partnership is not a large-scale investment project by itself, it can be positioned as part of the transaction infrastructure needed to generate future Indonesia–Japan investment deals. By combining Sinar Mas Land’s local ecosystem and Living Lab Ventures’ investment platform with Nihon M&A Center’s Japanese corporate network and advisory expertise, the collaboration could support more cross-border capital partnerships and M&A opportunities across sectors such as startups, digital services, real estate-related businesses, consumer goods, and manufacturing.

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• https://m.antaranews.com/amp/berita/5661375/pemerintah-siapkan-pengembangan-plt-arus-laut-di-nusa-penida-bali
• https://kkp.go.id/news/news-detail/kkp-dorong-pemanfaatan-energi-baru-terbarukan-dari-arus-laut-di-nusa-penida-ZzKg.html?utm
• https://www.nna.jp/news/2949469
• https://newsroom.mazda.com/ja/publicity/release/2026/202607/260728a.html
• https://www.idntimes.com/automotive/car/mazda-bocorkan-3-mobil-baru-untuk-giias-2026-ini-prediksinya-00-7cdnt-cf32r0
• https://www.oto.com/berita-mobil/pabrik-mazda-indonesia-resmi-beroperasi-rakit-cx-30-berstandar-zero-defect?amp=1
• https://www.mobil123.com/berita/mobil-listrik-mazda-6e-segera-meluncur-di-indonesia-dalam-giias-2026-150299/150299
• https://www.nna.jp/news/2950929
• https://ashu-aseanstatistics.com/news/307257-75423810830
• https://www.jica.go.jp/english/about/policy/environment/id/asia/southeast/a_b_fi/indonesia/c8h0vm000090vnv9.html?utm
• https://jabarprov.go.id/en/berita/pemprov-jabar-tancap-gas-pembangunan-tppas-legok-nangka-dipercepat-24295?utm
• https://www.danantaraindonesia.co.id/media-center/press-releases/danantara-indonesia-announces-selected-partners-for-waste-to-energy-plants-in-bekasi-and-denpasar?utm_
• https://www.nikkei.com/article/DGKKZO97847890Z20C26A7FFJ000/?n_cid=dsapp_share_android
• https://www.nna.jp/news/2951445
• https://www.coreweave.com/news/coreweave-expands-cloud-ai-platform-to-indonesia-marking-first-move-into-asia-pacific-region?utm_
• https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-First-Quarter-2026-Results/?utm_
• https://www.nna.jp/news/2953374
• https://ashu-aseanstatistics.com/news/309167-16430813030
• https://daewoongpharm.id/id/press-release/daewoong-hadirkan-enavogliflozin-sglt-2-inhibitor-di-indonesia-perluas-pilihan-terapi-bagi-20-juta-penyandang-diabetes
• https://www.selatox.com/news/untitled-article-mrrn2q3p
• https://www.pom.go.id/berita/bpom-apresiasi-selatox-kembangkan-produk-biosimilar-baru-dalam-negeri?utm_
• https://www.nna.jp/news/2952539
• https://www.nna.jp/news/2953492
• https://www.amita-hd.co.jp/news/260805_indonesia.html?am=&utm_
• https://www.amita-hd.co.jp/news/240813_indonesia.html
• https://www.nna.jp/news/2952939
• https://www.sinarmasland.com/news/bersama-nihon-m-and-a-llv-perkuat-konektivitas-investasi-indonesia-jepang

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