Business News
Momentum Builds for Indonesia to Become a New Force in the Global Furniture Industry
Indonesia’s furniture and handicraft industry is gaining international attention and is considered to have strong potential to become a new force in the global market. The global furniture market is valued at around USD 201 billion annually, while Indonesia’s furniture and craft exports reached approximately USD 2.44 billion in 2023…
Indonesia Boosts MSMEs with Market Access Initiatives
The Indonesian government is strengthening support for micro, small, and medium enterprises (MSMEs) by expanding market access and providing more business spaces for small entrepreneurs. Coordinating Minister for Community Empowerment Muhaimin Iskandar highlighted that MSMEs, including family-run businesses and enterprises led by housewives, have shown strong resilience during economic challenges…
Indonesia Asks WTO to Suspend EU Concessions Over Palm Oil
Indonesia has requested authorization from the World Trade Organization (WTO) to suspend trade concessions to the European Union after the bloc did not fully comply with WTO rulings related to palm oil policies. The request was submitted to the WTO Dispute Settlement Body following the EU’s failure to meet the…
Indonesia Records Significant Trade Surplus in Early 2026
Indonesia’s trade balance maintained a positive trajectory in January 2026, recording a surplus of USD 1.22 billion according to the latest data from BPS. This achievement was primarily driven by the non-oil and gas sector, which contributed a substantial surplus of USD 1.20 billion to the national economy. Despite facing…
