Business News
Inovac Exports Patchouli Oil from Aceh Worth IDR 1 Billion to France
The Aceh Innovation Patchouli Producer Cooperative (Inovac), in collaboration with PT Nat’ Green, a subsidiary of PT UGreen Aromatics International (UGreen), exported a total of 1.2 tons of raw materials for patchouli and nutmeg perfume production valued at IDR 1 billion to France. Inovac Cooperative, formed by Syiah Kuala University…
Optimism for 2024, As 85% of Italian Companies Express Confidence
A recent survey conducted by Qonto, a European business finance solution, in collaboration with market research company Appinio, reveals positive sentiments among European businesses for the year 2023, extending into 2024. The survey involved 2,000 executives across France, Germany, Italy, and Spain. The survey outcomes highlight the prevailing optimism for…
The Capital City Authority Claims Acquisition of 320 LoIs, 55% from Domestic Investors
The Capital City Authority (Otorita Ibu Kota Nusantara or OIKN) has reported securing 328 Letters of Intention (LoI) as of December 15, 2023, with approximately 55% originating from domestic investors focused on the development of the national axis sector. The upcoming Groundbreaking 3, scheduled for December 20-21, 2023, will…
Indonesian President Outlines Priorities for ASEAN-Japan Economic Partnership
Indonesian President Joko Widodo (Jokowi) has delineated key priorities for the ASEAN-Japan economic partnership during the Commemorative Summit of ASEAN-Japan 50th Year of Friendship and Cooperation in Tokyo on December 17, 2023. The agenda focused on "Partners for the Co-Creation of Economic and Society of the Future," as per a…
