Business News
Ministry of Industry Initiates Import Substitution Policy
The Ministry of Industry (Kemenperin) has initiated a 35 percent import substitution policy by 2022. This policy aims to improve the national trade balance, especially for raw materials and auxiliary materials which are the backbone of the national processing industry. "Import substitution also encourages increased domestic industrial utilities, increased investment,…
Government Targets Five Percent Economic Growth in 2022
Coordinating Minister for the Economy Airlangga Hartarto said 2022 had been designated as a period of continued economic recovery and structural reforms. The government targets Indonesia's economic growth next year to grow above five percent. In order to achieve this target, he said, legal certainty and government support will continue…
Indonesia Tightens International Arrivals, Anticipates Omicron Variants
Anticipating the entry of the Omicron variant of the Covid-19, Angkasa Pura (AP) I increased coordination with airport stakeholders. This is to tighten the implementation of health protocols for international flight passengers. International flight entrances that have been specially tightened are I Gusti Ngurah Rai Airport in Bali and Sam…
Indonesian Shrimp Production Targeted to Reach 2 Million Tons in 2024
Shrimp production in Indonesia is targeted to reach two million tons by 2024. Most of this production will be exported. To achieve this, the Directorate General of Aquaculture (DJPB) of the Ministry of Maritime Affairs and Fisheries (KKP) encourages a breakthrough program to boost productivity and continuity of shrimp farming…
