Business News
Indonesia Overtakes Vietnam and Malaysia, Becoming the Second Largest Digital Investment Destination in ASEAN
Coordinating Minister for Economic Affairs, Airlangga Hartarto, announced that Indonesia ranked second as a digital investment destination in Southeast Asia in 2023, with digital economy investments reaching USD 22 billion. While still trailing Singapore, which absorbed USD 141 billion in investments, Indonesia has surpassed Vietnam and Malaysia, which recorded USD…
Collaborating with Agricultural Startups, PPI Exports 26 Tons of Coffee to Egypt
PT Perusahaan Perdagangan Indonesia (PPI), part of ID Food, has recently exported 26 tons of robusta green bean coffee from Malang to Egypt. This initiative, which will see the coffee shipped from Tanjung Perak Port in Surabaya on August 14, 2024, is part of a strategic effort to expand Indonesia's…
Chinese Project in Indonesia’s Kalimantan Brings Opportunities, Controversy Over Growing Clout
The Kalimantan Industrial Park Indonesia (KIPI) project in North Kalimantan, supported by Chinese investment, has introduced both economic opportunities and significant challenges. Launched in December 2021, KIPI is part of Indonesia's National Strategic Projects, aiming to become the world’s largest green industrial park, focused on producing EV batteries, petrochemicals, and…
Transportation Minister Confident Bali Maritime Tourism Hub Will Boost National Economy
Indonesian Transportation Minister Budi Karya Sumadi expressed optimism about the positive impact of the Bali Maritime Tourism Hub (BMTH) on the national economy. During a visit to Benoa Port in Bali on August 10, 2024, Sumadi observed significant progress in BMTH's development and expressed hope that the infrastructure would soon…
