Business News
Indonesian Car Exports on the Rise, with Major Markets in the Philippines and Vietnam
The Central Bureau of Statistics (BPS) reported that Indonesia's car export value reached USD 2.78 billion by June 2024, slightly lower than the USD 2.97 billion recorded from January to June 2023. Despite the decline in June 2024, Acting Head of BPS, Amalia Adininggar Widyasanti, revealed that the overall trend…
Investment in Mineral and Coal Soars to USD 15.92 Billion by May 2024
Indonesia's mineral and coal (minerba) subsector saw a significant investment surge, reaching USD 15.92 billion by May 2024. This marks a dramatic increase from USD 2.86 billion in May 2023, representing a year-on-year growth of approximately 455.38%. Notably, the investment for the first four months of 2024 has already surpassed…
Central Sulawesi Optimizes Land Resources through Intensification Efforts
The Central Sulawesi Government (Sulteng) is optimizing land resource utilization through intensification and extensification efforts to develop farming in the crop and horticulture sub-sectors. "Enhancing economic competitiveness in agriculture involves not only farming but also leveraging business opportunities," said Nelson Metubun, Head of the Central Sulawesi Food Crops and Horticulture…
Kadin Proposes Zero Import Duties and Expanding Non-Traditional Markets to Boost Exports
The Indonesian Chamber of Commerce and Industry (Kadin) has proposed several strategies to boost the country's export performance. One of the key suggestions is to implement zero import duties for export-oriented industries and to increase transactions in non-traditional markets. "Import costs should be zero if the goods are intended for…
