Business News
Sicily's Exports Achieved a Record Growth Between 2019 and 2022, Soaring By +77%
Despite lagging behind in key socio-economic metrics such as international openness, investments, employment gaps, and infrastructure deficits, Sicily demonstrates considerable dynamism post-COVID. Export has been a cornerstone of this success, propelling the region to the second position in Italy for growth rate during the 2019-2022 period (+77.0% compared to the…
Indonesia's International Investment Position (IIP) Breached USD 260.3 Billion in the Fourth Quarter of 2023
Indonesia's International Investment Position (IIP) in the fourth quarter of 2023 saw an increase in net liabilities, as reported by Bank Indonesia. At the end of Q4 2023, Indonesia's IIP recorded a net liability of USD 260.3 billion, up from USD 251.9 billion in the previous quarter of Q3 2023.…
South Kalimantan (Kalsel) Halal Fair lends support to Indonesia's Position as a Global Halal Industry Hub
Governor of South Kalimantan (Kalsel), Sahbirin Noor, stated that the National Halal Fair Kalsel 2024 will support Indonesia in becoming a center for halal product industries globally. "South Kalimantan is one of the 12 provinces in Indonesia organizing the National Halal Fair 2024 during Ramadan. This event is a significant…
Textile Entrepreneurs Welcome Tightening Import Surveillance Regulations
The Indonesian Textile Association (API) has expressed approval of the government's decision regarding the implementation of Minister of Trade Regulation (Permendag) 36 of 2023, which underwent slight modifications in Permendag 3 of 2024. Jemmy Kartiwa, the Chairman of API, emphasized the significance of Permendag for the domestic textile industry, foreseeing…
