Business News
Ministry of Industry: Palm Oil Contributes 70% to Food Industry Export Performance
The Ministry of Industry reported that the palm oil processing sector played a significant role in Indonesia's food industry export performance, contributing 70% to the trade balance in 2023. Setia Diarta, Director of Forest Product and Plantation Industry at the Ministry, highlighted that from January to September 2023, downstream palm…
Indonesian Start-ups Aiming for Global Collaboration in Digital Economy
Several Indonesian start-ups express readiness to collaborate and unleash their potential on the global economy, as stated by Dindin Wahyudin, Economic Diplomacy Advisor at the Indonesian Ministry of Foreign Affairs. This commitment to fostering collaboration and innovation in the evolving digital landscape was emphasized during the "Start Up Talks: Igniting…
World Bank Predicts Indonesia's Economic Growth in 2024 to Reach 4.9%
The Head of the World Bank for Indonesia and Timor-Leste, Satu Kahkonen, anticipates Indonesia's economic growth to reach only 4.9% in 2024. This projection follows a meeting with the Minister of Economic Affairs, Airlangga Hartarto, in Jakarta on Tuesday, February 27, 2024. Kahkonen stated that the World Bank is in…
Fisheries MSMEs in Aceh Export 5 Tons of Shellfish to Vietnam in Early Year
Micro, small, and medium-sized enterprises (MSMEs) in Aceh Province have commenced shellfish exports to Vietnam, totaling 5 tons in the early months of 2024. This venture, led by CV Siti Ayu Persada Shohirin, utilizes commercial airlines via Sultan Iskandar Muda International Airport in Aceh Besar for transportation. Shohirin disclosed that…
