Business News
Textile Investments Surge by 89% to IDR 4.6 Trillion Despite Decreased Orders
The textile and textile product (TPT) industry in Indonesia saw a significant increase in investment, reaching IDR 4.63 trillion in the first quarter of 2023, an 89.41% rise compared to the same period the previous year. This surge in investment, primarily driven by domestic investments, occurred amidst sluggish export orders.…
Indonesia and EU Successfully Conclude 14th Round of I-EU CEPA Negotiations
The 14th round of negotiations for the Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) was held in Brussels, Belgium from May 12-18, 2023. Both parties made significant progress in the talks, with 18 key issues discussed including trade of goods, services, investment, government procurement, and intellectual property rights. The…
Minister Bahlil Urges Muslim Countries to Invest in Downstream Industries in Indonesia
The Indonesian government is urging Muslim countries to invest in Indonesia's downstream industries. Over the past five years, investments from Muslim countries have only accounted for 5.5% of the total Foreign Direct Investment (FDI) into Indonesia. The call was made by Bahlil Lahadalia, the Minister of Investment and Head of…
Government Reiterates Commitment to Sustainable Development of National Strategic Projects
The National Strategic Projects (PSN) in Indonesia have been continuously developed by the government to accelerate infrastructure development and support economic equalization. Recently, the Ministry of Economic Affairs held a commemorative event to mark the eight-year journey and success of PSN in providing sustainable benefits and real impacts for national…
