Business News
BI Emphasizes Six Key Focus Areas for Sharia Economic Development
Bank Indonesia (BI) has outlined six key focus areas for the future development of the national sharia economy: the halal food ecosystem, modest fashion, Pesantren economy, sharia finance, digitalization of the sharia economy and finance, and sharia economic literacy and education. BI Deputy Governor Juda Agung emphasized the need for…
Bantul Furniture Products Gain Popularity in European and American Markets
Indonesian furniture, especially from Bantul, is highly favored in international markets. Minister of Trade Zulkifli Hasan highlighted CV Palem Craft's success in exporting home decoration products made from natural fibers to Spain. From January to June 2024, CV Palem Craft exported goods worth USD 245,000. Indonesian furniture products are in…
Fisheries Ministry Launches Downstream Processing at PIT Modeling Sites
The Ministry of Marine Affairs and Fisheries (KKP) has initiated downstream processing at pilot sites for measurable fish capture (PIT) in Tual, Maluku. This policy integrates upstream (fishing) and downstream (processing and marketing) activities to boost the economy in producing regions by enhancing efficiency and effectiveness from fish capture to…
Investment Movements in Batam Predicted to Increase Throughout 2024
The Ministry of Industry (Kemenperin) has reported a 43% surge in Textile and Textile Products (TPT) imports following the implementation of Permendag 8/2024 regulations from May 17, 2024. This increase reversed a previous decline observed earlier in the year, with imports rising sharply to 194.87 thousand tons in May 2024…
