Business News
PT SGI’s Exports Prove Local Sports Gloves Can Compete in the Global Market
PT Sport Glove Indonesia (SGI), a company under the supervision of Yogyakarta Customs and recipient of bonded zone facilities, has taken a significant step in strengthening Indonesia’s national exports. On Friday, May 23, 2025, PT SGI shipped high-quality sports gloves to various countries including the United States, Germany, Japan, and…
BPS Reports East Java Exports Increase by 19.68% in April 2025
The Central Statistics Agency (BPS) of East Java reported that exports from the region reached USD 2.18 billion in April 2025, rising 19.68% compared to USD 1.74 billion in April 2024. This growth was mainly driven by non-oil and gas exports, which increased by 21.53% from USD 1.74 billion to…
OJK Reports Insurance Industry Assets Rose 3.66% Year-on-Year In April 2025
The Chief Executive of Insurance, Guarantee, and Pension Fund Supervision at the Financial Services Authority (OJK), Ogi Prastomiyono, reported that insurance industry assets grew by 3.66% year-on-year in April 2025. According to OJK data, total assets reached IDR 1,162.78 trillion in April 2025, up from IDR 1,121.69 trillion in April…
Promoting Downstreaming for the Resilience of the National Steel Industry
Indonesia’s steel industry grew by 152%, from IDR 94.6 trillion in 2020 to IDR 238.4 trillion in 2024. Steel is one of eleven national priority commodities in the government’s strategic downstreaming agenda, viewed not only as a construction material but also as a foundation of industrialization. President Prabowo Subianto targets…
