Business News
Indonesia Nearing Finalization of Free Trade Agreement with Eurasian Economic Union
Negotiations for a free trade agreement between Indonesia and the Eurasian Economic Union (EAEU) are in the final stages, with the agreement's text currently being finalized. Mikael Agasandyan, Director of the First Department of the Commonwealth of Independent States (CIS), confirmed that the fifth round of consultations between Indonesia and…
Accelerating Seaweed Processing in South Sulawesi to Boost Exports
Rizki Ernadi Wimanda, Head of the Bank Indonesia Representative Office for South Sulawesi, highlighted that global market prices and increasing geopolitical tensions have hindered the region's export growth. However, Rizki emphasized that South Sulawesi still has opportunities to enhance its export performance and drive regional economic growth. Speaking in Makassar…
Indonesia's Palm Oil Diplomacy Advances Toward Net Zero Emissions 2060
Lufaldy Ernanda, Director of Financial Derivatives and Carbon Exchange Supervision, highlighted Indonesia's dual goals: achieving its Nationally Determined Contribution (NDC) target by 2030 and Net Zero Emissions by 2060. He emphasized that carbon trading, launched on 26 September 2023, will become a new revenue stream for the palm oil industry,…
Tourism Investment in Indonesia Reaches IDR 23.71 Trillion in First Half of 2024
The Ministry of Tourism and Creative Economy of Indonesia reported that tourism investment reached IDR 23.71 trillion in the first half of 2024. Of this amount, IDR 9.26 trillion was from foreign direct investment (FDI), while IDR 14.46 trillion came from domestic direct investment (DDI). During a press briefing in…
