Business News
Indonesia Boosts Food and Beverage Exports through Participation in FHA Exhibition
The Indonesian Trade Attaché in Singapore, along with the Indonesian Embassy in Singapore and Bank Indonesia, is promoting the export of food and beverage products through their participation in the FHA Food & Beverage 2023 exhibition in Singapore. They aim to take advantage of the recovering economy and high demand…
Indonesian Economic Growth To Remain Strong
The Executive Director of the Communication Department of Bank Indonesia (BI), Erwin Haryono, stated that Indonesia's economic growth remains strong, supported by the increasing domestic demand and positive export performance. Private consumption is predicted to be stronger due to the continuous increase in mobility, improving consumer confidence, and increasing purchasing…
Sweetened Beverage Excise Tax Implementation Postponed to 2024
The implementation of excise taxes on sweetened beverages in packaging (MBDK) is unlikely to happen this year, as it is planned to be proposed in the 2024 Macro Economic Policy and Fiscal Policy Framework (KEM-PPKF), according to Askolani, the Director General of Customs and Excise at the Ministry of Finance.…
Sarinah Sales Increase 30 Percent Ahead of Eid
On April 17, 2023, the CEO of PT Sarinah (Persero), Fetty Kwarta, stated that the sales level in Sarinah had increased by up to 30% prior to Eid al-Fitr. Fashion items such as Muslim clothing and food, drinks, and hampers were reported as the most popular items during Ramadan.During Ramadan,…
