Business News
Vannamei Shrimp Potential in Bima Reaches IDR 8 Billion Per Hectare
The cultivation of vannamei shrimp in Bima Regency shows significant potential as a new economic income source. With a vast demand in international export markets, this commodity stands as one of the most valuable, with potential profits reaching IDR 8 billion per hectare. Acting Head of the Fisheries Department of…
Increasing Demand for Palm Oil Commodities in the US
The Indonesian Palm Oil Association (Gapki) has highlighted the favorable outlook for palm oil amidst the 2024 United States presidential election. Indonesia currently controls 54% of the global market, with export values reaching USD 28.45 billion in 2023. "The prospects remain good. We see that the demand for palm oil…
Java Coffee Culture 2024 Expected to Enhance Coffee Export Competitiveness
Java Coffee Culture (JCC) is being held for the fourth time by the East Java Provincial Representative Office of Bank Indonesia (KPw BI Jatim). Acting Head of the East Java Provincial Representative Office of Bank Indonesia, Bandoe Widiarto, stated that JCC can enhance the competitiveness of coffee exports, particularly from…
Government Plans to Impose Import Duties on Clothing and Ceramic Imports
The Indonesian government plans to impose import duties ranging from 100% to 200% on certain goods, including footwear and ceramics, as part of efforts to protect domestic industries, announced Trade Minister Zulkifli Hasan on Friday, June 28th. Zulkifli Hasan emphasized that the average tariff on these goods would exceed 100%.…
