Business News
PEMA-LAMI Operational Cooperation Makes Inaugural Lobster Export to Malaysia
PEMA-LAMI KSO, a partnership between PT Pembangunan Aceh (PEMA) Perseroda and PT Laot Aceh Marina Indonesia, successfully ventured into the Malaysian export market on February 23, 2024, following a trial lobster shipment to Java Island. Transported via Air Asia from Sultan Iskandar Muda Airport, Aceh Besar to Kuala Lumpur International…
Downstreaming of Food and Mineral Resources Accelerates Economic Growth
Indonesia aims to achieve advanced nation status by 2045, requiring a sustained annual economic growth of 6-7%. To accelerate economic growth, the government is prioritizing downstreaming initiatives in the food and mineral sectors, known as hilirisasi. Downstreaming involves transforming raw materials into high-value-added products, enhancing their marketability and export potential.…
Minister of Tourism and Creative Economy Urges Australian Investors to Strengthen Investments in Indonesia's Tourism and Creative Economy Sector
Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno visited Sydney, Australia, inviting Australian investors to capitalize on the increasingly conducive and promising tourism and creative economy sectors in Indonesia. During discussions facilitated by Bloomberg, Minister Sandiaga assured investors of Indonesia's stable economic and political landscape post-election. Highlighting tourism and…
Ministry of Trade Aims for Indonesia's Trade Surplus to Reach USD 53.4 Billion in 2024
The Ministry of Trade (MoT) in Indonesia has set a target for a trade surplus ranging from USD 31.6 billion to USD 53.4 billion for the current year. Deputy Minister Jerry Sambuaga stated that this target is based on the previous year's trade surplus realization, which fell just short of…
