Business News
President Joko Widodo highlights Indonesia's Coconut Exports Reach IDR 25 Trillion
President Joko Widodo highlighted the significant economic potential of Indonesia's coconut industry, revealing that the country’s coconut exports have reached USD 1.55 billion, equivalent to IDR 25.1 trillion. Speaking at the 51st International Coconut Conference and Exhibition (Cocotech) in Surabaya, East Java, Jokowi emphasized the importance of leveraging this potential…
Jokowi Highlights Indonesia's Green Economy Potential
President Joko Widodo (Jokowi) inaugurated the 51st International Coconut Conference and Exhibition (Cocotech) in Surabaya, emphasizing Indonesia's significant green economy potential. Accompanied by several ministers, Jokowi highlighted the vast opportunities within the green economy, particularly in the coconut sector. "Green economy represents a tremendous opportunity for Indonesia, especially with crops…
Indonesia's Bus Industry Promising Significant Prospects
The Indonesian Ministry of Industry (Kemenperin) has highlighted the promising prospects of the domestic bus industry in enhancing competitiveness and boosting economic value added (EVA). Acting Director General of Metal, Machinery, Transportation Equipment, and Electronics (ILMATE) at Kemenperin, Putu Juli Ardika, stated in Jakarta on Monday that the bus industry…
Government Offers 20-Year Tax Exemptions and 100% Foreign Ownership in Special Economic Zones
The Indonesian government is offering significant fiscal incentives and easing licensing processes for investors in Special Economic Zones (KEK). Investors can enjoy tax exemptions for up to 20 years and 100% foreign ownership, alongside various non-fiscal benefits. Rizal Edwin, Secretary General of the National Council for KEK, highlighted that the…
