Business News
Italy's South to Grow by 0.4% in 2023
The economic disparity between Italy's central-northern and southern regions has resurfaced in 2023, marking a departure from the alignment observed in the previous two years, as reported by Svimez, the association for industrial development in southern Italy. According to Svimez's report, the Gross Domestic Product (GDP) in southern Italy is…
The Government Investment Center (PIP) Disburses Financing of IDR 35.06 Trillion for Micro Enterprises
The Government Investment Center (PIP) under the Ministry of Finance has disbursed Ultra Micro Financing (UMi) amounting to IDR 35.06 trillion as of Tuesday, December 4, 2023. Ismed Saputra, the CEO of PIP, noted that around 9.48 million borrowers have received UMi financing since its inception. Managing a fund of…
Facilitating Permits, Bandung City Government is Optimistic to Achieve Investment Target of IDR 7.2 Trillion
The Bandung City Government, led by Acting Mayor Bambang Tirtoyuliono, pursues strategies to boost economic growth by attracting investors. Their initiatives involve enacting two specific regulations—Regulation No. 5 of 2022 on Spatial Planning and Regulation No. 4 of 2022 on Investment Facilitation. These regulations, especially the pending spatial planning ordinance,…
The Government Boosts the Export of Rendang and Spices to Europe
The Indonesian government, in partnership with the Indonesian Export Financing Agency (LPEI) and the West Sumatra Provincial Government, focuses on advancing Small and Medium Enterprises (UMKM), cooperatives, and export-oriented businesses in West Sumatra. Their objective encompasses strengthening the export potential of rendang (a local dish) and spices, pivotal specialties in…
