Business News
Footwear Industry Attracts IDR 8 Trillion Investment from 12 Foreign Companies
Indonesia’s footwear industry is gaining renewed momentum as 12 foreign direct investment (FDI) companies plan to invest a combined IDR 8 trillion between January and May 2025. The investment is expected to significantly boost production, with a target capacity of 64.6 million pairs of shoes and 214.6 million footwear components,…
Jayapura’s Exports to PNG Soar to IDR 25.17 Billion, Up 47%
Exports from Jayapura to Papua New Guinea (PNG) through the Skouw Border Post reached IDR 25.17 billion between January and May 2025, marking a 47% increase compared to the same period in 2024. This significant growth is attributed to increased awareness and promotion efforts by government agencies and stakeholders, along…
Industrial Sector Drives North Sumatra’s Export Growth in Early 2025
North Sumatra recorded strong export growth from January to April 2025, reaching USD 3.78 billion—an increase of 24.39% compared to the same period last year (USD 3.04 billion). According to Statistics Indonesia (BPS) North Sumatra, this surge was largely driven by the industrial sector, which contributed 92.27% of total exports…
Madiun’s Economy Grows 5.87% in Q1 2025, Outpaces National Average
Madiun City recorded impressive economic growth of 5.87% in Q1 2025, surpassing both East Java (5.00%) and the national rate (4.87%). The local branch of Statistics Indonesia (BPS) announced the figures during the official release of the Gross Regional Domestic Product (GRDP) publication. Head of BPS Madiun, Abdul Aziz, emphasized…
