Business News
Ministry of Industry: CT Advance–Tubacex Collaboration Strengthens Downstream Steel Industry
The Ministry of Industry (Kemenperin) fully supports the strategic collaboration between PT CT Advance Technology and Tubacex Group for the development of the steel industry.The collaboration was marked by the signing of a Memorandum of Understanding (MoU) held today in Jakarta, Wednesday (11/6/2025). The Director General of Metal, Machinery, Transportation…
Ministry of Industry Accelerates Seaweed Downstreaming to Produce High-Value Products
The Ministry of Industry (Kemenperin) is strengthening seaweed downstreaming to produce advanced products in the form of carrageenan and agar-agar which have higher selling value. Director General of Agro Industry of the Ministry of Industry Putu Juli Ardika, met at the Siemens Tech Summit in Jakarta, Wednesday, explained that currently…
Strong Exports Drive TPS Container Traffic Up 13% in May 2025
PT Terminal Petikemas Surabaya (TPS) recorded a significant increase in container traffic in May 2025, reaching 133,841 TEUs (Twenty-foot Equivalent Units), a 13% rise from April’s 118,237 TEUs. This growth was driven primarily by international containers, which rose 11% from 114,955 TEUs to 127,873 TEUs. Domestic container traffic also saw…
IEU-CEPA Targeted for Completion by September 2025, 80% of Exports to Be Tariff-Free
Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is targeted for completion by September 2025. According to Airlangga, the government and EU Commissioner for Trade and Economic Security, Maros Sefcovic, are finalizing the legal drafting phase. “The legal drafting process is…
