Business News
Increasing Domestic Products in the Construction Sector
The Indonesian government has issued a new law that requires large projects financed by the national or regional budget to use local products. The law also mandates that the government's budget allocation for procurement of goods and services should have a minimum local content level of 40 percent. The policy…
The Indonesian Ministry of Marine Affairs and Fisheries (KKP) Strengthens the Development of Farmers to produce Export Commodities
The Indonesian Ministry of Marine Affairs and Fisheries (KKP) is targeting the cultivation of two of its five leading commodities, namely tilapia and seaweed, which are prepared by the KKP as champion products in the fisheries sector. Through training entitled "Feed Management in Tilapia Cultivation" and "Pest and Disease Handling…
Sandiaga Calls for Collaboration among UMKM Players to Create Sharia-based Economic Ecosystem
Indonesian Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, urges collaboration among UMKM (Micro, Small, and Medium Enterprises) and Muslim entrepreneurs to create a sharia-based digital economy ecosystem. He stated, "We support start-ups in preparing UMKM to develop their businesses by transforming them into digital marketplaces," in a written…
Ministry of State-Owned Enterprises Drives Young UMKM in Banjarmasin to Become Global Players
The Ministry of State-Owned Enterprises (BUMN) is encouraging young entrepreneurs or millennials engaged in micro, small, and medium-sized enterprises (MSMEs) in Banjarmasin, South Kalimantan, to continuously improve the quality and competitiveness of their businesses. Arya Sinulingga, Special Staff to the Minister of BUMN, stated that MSMEs should proactively enhance their…
