Business News
Oil and Gas Lifting Exceeds Target, House Member: Investment Momentum
Mukhtarudin, a member of Commission XII of the Indonesian House of Representatives (DPR RI), assessed that the government's success in exceeding the oil and gas lifting target provides momentum to strengthen investment in the upstream oil and gas sector. "This is a historic milestone. After 16 years of failing to…
Lampung Provincial Government Forms Strategic Partnership with Chinese Agricultural Firm to Boost Corn Production
Governor of Lampung, Rahmat Mirzani Djausal, is pushing for Lampung to become Indonesia’s top corn producer by partnering with China’s Qingdao Dagu Grain Co., Ltd., a leading agricultural company. Currently ranked third nationally in corn production, Lampung aims to surpass other provinces through this strategic collaboration. The partnership was discussed…
Minister Amran Says Surge in Rice Production Boosts National Economy
Indonesia’s Agriculture Minister, Andi Amran Sulaiman, highlighted that the recent surge in national rice production not only ensures food security but also significantly drives the country’s economic growth and improves farmers' welfare. Under his leadership, the Ministry of Agriculture achieved a historic national rice stock of 4.2 million tons as…
Indonesian Export Products from Textiles to Palm Oil Get 0% Tariff in IEU-CEPA
Indonesia and the European Union have finalized the Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA), offering a 0% tariff on major Indonesian exports, including textiles, footwear, processed foods, palm oil, and its derivatives. This benefit will take effect at the agreement’s Entry Into Force (EIF) stage. The deal covers 98%…
