Business News
Corinaldo, the Double-Digit Tourism Village: 'It's Confirmation of Our Ongoing Commitment'
In 2023, tourism in Corinaldo experienced significant growth, marked by double-digit increases in various aspects. Known for its cultural richness, historical significance, and the famous Halloween festival, Corinaldo attracts tourists seeking unique experiences. The tourism assessor praised the village's warm hospitality and well-planned events, highlighting these as key strengths contributing…
Ministry of Cooperatives and Small and Medium Enterprises: Furniture Industry Boosts Domestic Economic Growth
The Ministry of Cooperatives and Small and Medium Enterprises (KemenkopUKM) highlights the potential of the furniture industry in driving Indonesia's economic growth. Minister Teten Masduki emphasizes the increasing global demand for environmentally friendly furniture, projected to reach USD 51.02 billion by 2024, signaling an opportunity for Indonesia. The ministry supports…
Encouraging SME Products to Go International Through Trade Connect Bank Jatim 2024
In a bid to bolster export growth, PT Bank Pembangunan Daerah Jawa Timur Tbk, known as bankjatim, recently sealed Cooperation Agreements (PKS) and Memorandums of Understanding (MoUs) with the Indonesian Exporters Association (GPEI) during the Trade Connect bankjatim 2024 event. These agreements, inked at the Morazen Hotel Surabaya, aim to…
Ministry of Industry: Palm Oil Contributes 70% to Food Industry Export Performance
The Ministry of Industry reported that the palm oil processing sector played a significant role in Indonesia's food industry export performance, contributing 70% to the trade balance in 2023. Setia Diarta, Director of Forest Product and Plantation Industry at the Ministry, highlighted that from January to September 2023, downstream palm…
