Business News
Tourism: Foreigners Spend EUR 13.8 Billion in Bars and Restaurants
The recovery of foreign tourism is boosting spending in public establishments. In the past year, the over EUR 65 million foreigners who visited Italy spent an average of over EUR 212 per person on breakfasts, lunches, dinners, and drinks, totaling over EUR 13.8 billion, the highest amount since 2019. This…
Downstream Projects Aid East Java Investments to Reach IDR 145 Trillion
The cumulative investment realization in East Java (Jatim) for 2023 reached IDR 145.1 trillion, driven by increased foreign direct investment (FDI) and domestic direct investment (DDI) in the region. According to data released by Bahlil Lahadalia, the Minister of Investment/Head of the Indonesia Investment Coordinating Board (BKPM), on January 24,…
Indonesia-Australia Push for Mutual Benefit in Trade and Investment
Deputy Foreign Minister Pahala Nugraha Mansury advocates for enhancing mutually beneficial trade and investment cooperation with Australia. This stance was articulated during his meeting with Australia's Deputy Minister of Trade and Deputy Minister of Manufacturing, Tim Ayres, in Jakarta on January 26. Deputy Foreign Minister emphasizes the need for a…
Supporting a Revenue of IDR 17 Trillion, This Papua District Holds Potential for Yellowfin Tuna Export to Japan and China
Biak Numfor, a district in Papua Province covering approximately 2,602 square kilometers, is poised to emerge as the largest hub for exporting fresh tuna in Papua. Situated along the Pacific Ocean coast, the region is a forefront maritime area for the country, boasting diverse marine biodiversity and abundant marine ecosystem…
