Business News

IKN Authority and INA Forge Pact to Draw Foreign Investments into IKN

The Indonesian Capital Investment Authority (IKN) has partnered with the Indonesia Investment Authority (INA) to enhance economic development in Indonesia, particularly in the Indonesian Capital City (IKN). The strategic partnership, formalized through the signing of a Cooperation Framework (CF) at the Grand Hyatt Bali Hotel, aims to attract global investment…

Indonesia Bolsters Super-Priority Destinations to Boost Tourism

The Indonesian government is intensifying efforts to boost its super-priority destinations to enhance the global tourism competitiveness index, which rose to 32 in 2021 from the previous position of 44. Minister of Tourism and Creative Economy, Sandiaga Uno, highlighted strategic measures taken to prepare these super-priority destinations, emphasizing their readiness…

Export Drive: BRI Facilitates Bandung's Coffee MSME 'Gravfarm' Participation in United States Expo

Indonesia's thriving coffee industry, with the United States as a primary market, receives support from BRI bank in expanding its global footprint through events like the Specialty Coffee Expo (SCE). Gravfarm, a Bandung-based MSME partnered with BRI, showcased its products at SCE 2024 after rigorous curation. The expo, held in…

Rising Demand Spurs Government Support for Major Export Opportunities in the Pre-Rolled Cone Industry

Employment absorption and foreign exchange earnings are key functions of the industrial sector that the government continues to promote. To this end, the government supports industries that innovate to enhance their competitiveness and expand their markets. One such industry is the pre-rolled cone industry, which is labor-intensive and export-oriented. “The…
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