Business News
Ministry of Industry: Indonesia's Spice Export Contribution Reaches USD 469 Million
Ignatius Warsito, Advisor to the Minister of Industry for Domestic Industry Strengthening, reported that Indonesia's whole spice exports reached USD 469 million in 2023, ranking fifth globally. This export performance is supported by various commodities, including pepper, turmeric, ginger, and coconut products. However, Indonesia ranks 18th in processed spice exports,…
Meeting Canadian Business Leaders: Coordinating Minister Airlangga Commits to Strengthening Indonesia-Canada Economic Collaboration
The Indonesian food and beverage industry plays a crucial role in the national economy, growing at a rate of 5.53% in the second quarter of 2024, surpassing the overall economic growth of 5.05% and contributing 40.33% to the non-oil and gas industry sector's GDP. This significant contribution, as highlighted by…
Luhut Encourages Economic Digitalization Through Downstream Policy
The Indonesian government is actively promoting economic digitalization through downstream policies to establish a high-value industrial base capable of driving economic growth. This was highlighted by Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, during the High-Level Multi-Stakeholder Partnership Forum (HLP MSP). Luhut emphasized that Indonesia, the world's…
Food and Beverage Industry Remains the Largest Pillar of the Economy
Indonesia's food and beverage industry plays a crucial role in the national economy. In the second quarter of 2024, this sector achieved a growth rate of 5.53%, surpassing the overall economic growth rate of 5.05%. Consequently, the food industry contributed 40.33% to the non-oil and gas sector of the Gross…
