The Faculty of Economics and Business, University of Palangka Raya, was established concurrently with the establishment of the University of Palangka Raya, through a Decree (SK) of the Minister of Higher Education and Education (PTIP), number: 141 dated 10 November 1963. The first lectures at the Faculty of Economics and Business began in March 1964 led by Mr. H. Timang, assisted by 8 (eight) lecturers and supported by secretarial staff led by Mr. H.F. Sahay.

At the beginning of its establishment, the UPR Faculty of Economics and Business still consisted of 2 (two) departments, namely the Department of General Economics which is now known as the Department of Development Economics and the Department of Corporate Economics which is now known as the Management Department. UPR’s Faculty of Economics and Business experiences development every year, both in terms of quantity and in terms of quality. In accordance with the development of the Faculty and the need for development, since 1999 the Faculty of Economics and Business opened the Accounting Department, so that the Faculty of Economics and Business currently consists of 3 (three) departments.

As one of the oldest faculties within the University of Palangka Raya, the Faculty of Economics is also entrusted with fostering new faculty embryos within the University of Palangka Raya. The current UPR Faculty of Law, before fulfilling the requirements to become a Faculty, was previously a department under the auspices of the Faculty of Economics and Business. Until 2011, the Faculty of Economics and Business was entrusted with fostering one department which was an embryo of the faculty, namely the Department of Social and Political Sciences (ISIPOL). This department has stood alone as the Faculty of Social Sciences and Political Sciences.

Since its establishment, the Faculty of Economics and Business has been led by 7 Deans, namely:
Period 1979 -1984 : Drs. B.S. Tundan
Period 198-1987 : Drs. H.M.O. Hasibuan
Period 1987 -1994 (2 Periods): Drs. H. Ago Rasan
Period 1994 -1997 : Drs. E.D. Timbang
Period 1997 – 2000 : Drs. Baselman N. Hamun, M. Ek
Period 2000 – 2008 (2 Periods): Drs. Ferdinand, M.S
Period 2008 – 2016 (2 Periods) : Drs. Gundik Gohong, M.S
Period 2016 – 2020 : Dr. Miar, M.Si
Period 2020- Present : Prof. Dr. Danes Jaya Negara, SE., M.Si