Business News
NTB Government Initiates Local Pearl Farming Program
The provincial government of West Nusa Tenggara (NTB) plans to establish special pearl cultivation for local MSMEs, according to Baiq Nelly Yuniarti, Head of the NTB Trade Office. Pearls are one of NTB’s top export commodities, particularly from Sekotong, West Lombok. However, the local community has not fully benefited from…
Indonesia Establishes Itself as the World's Largest Betel Nut Exporter
Indonesia has solidified its position as the world’s largest exporter of betel nut, providing 35% of the global supply. The traditional practice of chewing betel nut has evolved into a significant export commodity valued in the trillions of IDR. The Minister of Trade is optimistic about the continued growth of…
Batang Integrated Industrial Estate Deemed Capable of Driving Economic Growth
President Joko Widodo inaugurated the operational phase of the Batang Integrated Industrial Estate (KITB) in Batang Regency, Central Java. The management aims to attract as much foreign direct investment as possible from industrial relocation flows, which will significantly absorb Indonesian labor. "Support for basic utilities is evident. You can see…
The 2nd IPPP Session in Jakarta Pushes Blue Economy for Pacific Nations
The Vice Chairman of the Indonesian Parliamentary Cooperation Body (BKSAP), Putu Supadma Rudana, highlighted the Second Indonesia-Pacific Parliamentary Partnership (IPPP) session, held in Jakarta on 25–26 July 2024, as a pivotal moment to promote the blue economy concept. This approach is crucial for Pacific nations, which are largely surrounded by…
