Business News
Indonesia and Saudi Arabia Strengthen Trade Cooperation
Minister of Trade Budi Santoso held a virtual bilateral meeting with Saudi Arabian Minister of Trade Majid bin Abdullah Al-Kassabi. The two ministers discussed trade performance and strengthening cooperation to enhance the economic potential of both countries. Busan, familiarly known as Busan, stated that Saudi Arabia is an important trading…
Golden Export Opportunity: Banten Ready to Tackle the Peruvian Market
The Comprehensive Trade Agreement (CEPA) between Indonesia and Peru now opens the door for Banten's leading products, such as footwear, textiles, motor vehicles, and refrigeration, to gradually penetrate the Latin American market. Trade Minister Budi Santoso stated that the CEPA is designed as a framework that allows for the gradual…
Bird's Nest Industry Under Pressure, Farmers Urge Government to Act as Export Foster Pa
Bird's nest farmers across Indonesia are feeling severe pressure due to plummeting prices of up to IDR 2.5 million per kilogram and increasingly stringent import regulations, particularly from China. The Chairman of the National Bird's Nest Association (PPSWN), Benny Suryo Sabath Hutapea, stated that new regulations from the General Administration…
Natuna Ready to Become Export-Import Gateway, Selat Lampa Receives Approval from the Ministry of Transportation
The Ministry of Transportation has officially approved Selat Lampa Port in Natuna Regency, Riau Islands, as an export and import port, a significant milestone for the development of Indonesia's border economy. The port is capable of accommodating vessels up to 10,000 GT and is the first open feeder port in…
