Business News
Copper Downstreaming Could Boost Indonesia’s Exports by $16 Billion Annually
The Head of the Fiscal Policy Agency (BKF) at the Ministry of Finance, Febrio Nathan Kacaribu, estimates that the copper downstreaming program could raise Indonesia's export value to USD 16 billion to USD 18 billion annually. Without downstreaming, Indonesia's copper concentrate exports are only USD 8 billion to USD 9…
Indonesia Becomes the World's 4th Largest Iron and Steel Exporter
Indonesia has risen to become the fourth-largest exporter of iron and steel globally, a significant leap from its previous ranking of 17th. This impressive growth is attributed to the rapid development of the country's iron and steel industry over the past five years, as highlighted by Minister of Trade Zulkifli…
CCEP Indonesia Supports Waste Bank Transformation to Boost Circular Economy
Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) is championing the circular economy by transforming waste banks. Lucia Karina, Director of Public Affairs, Communications, and Sustainability at CCEP Indonesia, emphasized the crucial role of waste banks in promoting waste sorting behavior, creating economic value, empowering women, and establishing a gender-equitable social order.…
The Domestic Market Stagnates, Automotive Industry Continues Aggressive Focus on Export
The Indonesian Ministry of Trade (Mendag) Zulkifli Hasan highlighted the significant role of the national steel industry in Indonesia's economic growth, citing a stable 5.11% GDP growth in the first quarter of 2024. He noted that the steel sector contributed notably to this stability, with Indonesia's trade balance from January…
