Business News
The Textile Industry Hopes for the Immediate Issuance of Protective Regulations for MSMEs in the Garment Sector
The Indonesian Textile Association (API) is urging the immediate issuance of a new Ministry of Trade Regulation (Permendag) governing import policies and procedures, particularly concerning the textile and textile product (TPT) industry, with a focus on ready-made garments. API Chairman Jemmy Kartiwa Sastratmaja warned that the prolonged revision process of…
Fashion Emerges as a Key Driver of East Java's Creative Economy
Acting Governor of East Java, Emil Elestianto Dardak, emphasized that fashion has become one of the top contributors to the region’s creative economy. In 2023, East Java’s creative economy generated IDR 300 trillion in added value, with nearly 10% coming from fashion alone. More than just a cultural expression, fashion…
Specialty Chemicals Industry Set to Drive Economic Transformation
The Ministry of Industry is pushing the specialty chemicals sector to become a key driver of Indonesia’s industrial transformation. These products are considered strategically vital as they support a wide range of sectors, from processed foods and oil & gas to petrochemicals, paints, inks, and ceramics. According to Taufiek Bawazier,…
Italy Seen as Strategic Partner Amid Global Economic Uncertainty
Amid global economic uncertainty and geopolitical disruptions, Indonesia is actively seeking new strategic partnerships. Deputy Chair of the Inter-Parliamentary Cooperation Body (BKSAP) of the House of Representatives, Bramantyo Suwondo, highlighted the growing importance of strengthening economic ties with European nations, particularly Italy. He noted that the shifting global economic policies,…
