Business News
Garuda Metalindo Expands Export Market
Fastener and component manufacturer, PT. Garuda Metalindo Tbk (BOLT) continues to aggressively work on the export market this year despite the import tariff policy implemented by the United States (US) government. As is known, in Trump's latest tariff policy, Indonesia is subject to a jumbo tariff of 32% or only…
Production of 29,813 Tons of Avocados in Malang Regency Prepares for Export
Avocado farming is one of the agricultural products that has a high selling value, in the last three years Avocado has become one of the leading products in Malang Regency. Based on data from the Central Statistics Agency (BPS) of Malang Regency, production in 2022 reached 44,142 tons. increasing to…
Ministry of Trade Strengthens Swiftlet Nest Exports to China
Indonesia is currently the world's largest producer of edible bird’s nests, with China as its primary export market. In 2024, Indonesia exported bird’s nests worth USD 428 million globally, with nearly 70%—valued at USD 428.79 million—going to China, which imported a total of USD 634.95 million in bird’s nests that…
Cocoa, Coffee, and Sugar Prices Drop Due to U.S. 'Freedom Day' Tariffs
On Friday, cocoa, coffee, and sugar prices dropped as global markets responded to the U.S. "Freedom Day" tariffs imposed by President Donald Trump. The decline followed China’s announcement of retaliatory tariffs on U.S. imports. On Wednesday, Trump implemented a 10% tariff on most imports and levies exceeding 50% on some…
