Business News
Trade Minister Launches Export of Yogyakarta SME Home Decor Products
Minister of Trade Zulkifli Hasan inaugurated the export of home decor products, including lamps and mirrors made from natural fibers, produced by the SME CV Palem Craft in Bantul, Yogyakarta, on Saturday, 6 July 2024. The shipment to Spain is valued at USD 7,000. From January to July 2024, CV…
West Java Explores Coffee and Cocoa Exports to the Philippines
The West Java Provincial Government is exploring the export of coffee and cocoa from Parahyangan to the Philippines to strengthen its export portfolio, which currently includes manufacturing and tea. Head of the West Java Industry and Trade Office, Noneng Komara Nengsih, stated that this initiative involves bringing potential buyers from…
Indonesia Targets USD 494 Million in Exports to Iran by 2030
Trade Minister Zulkifli Hasan, known as Zulhas, has set an ambitious target for Indonesia’s exports to Iran, aiming to reach USD 494 million (IDR 8.03 trillion at IDR 16,269 exchange rate) by 2030. This target hinges on the approval of the Preferential Trade Agreement (PTA) between Indonesia and Iran. At…
MotoGP Mandalika Economic Potential Expected to Reach IDR 500 Billion by 2025
Indonesia's experience hosting the MotoGP Mandalika, one of the world's most thrilling motorcycle racing events, has significant economic potential, estimated to generate IDR 500 billion. Following an internal meeting with President Joko Widodo at the Presidential Palace Complex in Jakarta on Tuesday, 9 July 2024, Minister of Tourism and Creative…
