Business News
Fats and Oils Drive Export Growth from North Sumatra
North Sumatra's Central Bureau of Statistics (BPS) reports that fats and oils, both animal and vegetable, were the leading export commodities from the province, accounting for 33.57% of total exports in July. These commodities, including crude palm oil (CPO), are key industrial raw materials. Asim Saputra, Head of BPS North…
Indonesian Cosmetics and Fertilizers Gain Spotlight at IAF 2024
Indonesia secured investment agreements in alternative business sectors worth approximately USD 1.26 billion at the High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) and the 2nd Indonesia-Africa Forum (IAF) Joint Leaders Session 2024 in Bali. This substantial investment potential offers significant opportunities for Indonesian industries to expand their market presence in…
Indonesian Companies Expand African Market Reach, from Indomie Exports to Pharmaceuticals
Indonesia’s Ministry of Foreign Affairs reported that economic cooperation between Indonesia and Africa continues to thrive. Several Indonesian companies are aggressively exporting to the African market, including PT Indofood CBP Sukses Makmur Tbk. (ICBP) with its instant noodle brand, Indomie. Indonesia’s Foreign Minister, Retno Marsudi, highlighted that economic cooperation between…
West Papua's Exports Increased by 37.29 Percent in July 2024
The Central Statistics Agency (BPS) of West Papua recorded an export realization of USD 436.45 million for July 2024, reflecting a 37.29% month-to-month (mtm) increase. Merry, Head of BPS West Papua, reported in Manokwari on Monday that mineral fuels, primarily oil and gas (migas), contributed 99.15% or USD 432.74 million…
