Business News
The Retail Sector is Anticipated to Experience Positive Growth Until the First Semester of 2024
The Indonesian retail sector is poised for growth until the first semester of 2024, driven by factors such as the upcoming general elections (Pemilu) and alignment with the lifestyle of the younger generation. Analyst Abdul Azis Setyo Wibowo from Kiwoom Sekuritas Indonesia predicts positive growth, especially for retailers targeting the…
Export from East Kalimantan to the EU Reaches USD 494.51 Million
East Kalimantan Province has successfully exported various non-oil and gas commodities to several European Union (EU) countries, totaling USD 494.51 million, equivalent to IDR 7.41 trillion with an average exchange rate of IDR 15,000 per USD. This non-oil and gas export achievement was accomplished over almost a year, spanning from…
Streamlined Permitting Boosts Positive Investment Growth in Batam
In the dawn of 2024, Batam envisions a golden era for investments propelled by the facilitation of business operations and licensing procedures. The Chairman of the Indonesian Employers Association (APINDO) in Batam, Rafki Rasyid, notes a significant reduction in complaints from entrepreneurs regarding licensing processes, excluding those related to environmental…
Indonesia Stock Exchange Aims to Reach 1 Million Sharia Capital Market Investors in 2024
The Chief Executive Officer of the Indonesia Stock Exchange (BEI), Iman Rachman, has set an ambitious target, aspiring to see the number of Sharia-compliant capital market investors reach 1 million by the end of 2024. Iman highlighted the allure and immense potential for rapid growth in the Sharia capital market.…
