Business News
Government Accelerates Task Force to Boost National Exports
In response to potential declines in global demand, the Indonesian government has established a Task Force (Satgas) aimed at promoting the growth of national exports. The initiative, formed on September 20, 2023, through Presidential Decree Number 24 of 2023, seeks to mitigate potential setbacks in labor-intensive, export-oriented industries and preempt…
Jawa Tengah Exports 20 Tons of Frozen Shrimp to Australia, Marking a Continuous Growth in Seafood Exports
Jawa Tengah province has achieved a significant milestone by exporting 20 tons of frozen shrimp to Australia, marking the first-ever frozen shrimp export to the country. The export initiative was undertaken by PT Sumber Samudera Indonesia, and the ceremonial release of the shipment was carried out by the Acting Governor…
Indonesia Dominates 34.1% of Global Coal Exports in 2023
In 2023, the global demand for coal witnessed a significant increase, reaching an estimated volume of 1.47 billion tons, indicating a 6.6% rise compared to the previous year, according to the International Energy Agency (IEA). Indonesia maintained its position as the largest coal exporter globally in 2023, contributing 500 million…
Indonesia Achieves Investment Realization of IDR 1,418.9 Trillion in 2023
The Ministry of Investment/Investment Coordinating Board (BKPM) has reported that the investment realization throughout 2023 has reached IDR 1,418.9 trillion. Surpassing the initial target of IDR 1,400 trillion by 101.3%, with a total workforce absorption of 1,823,543 individuals. The breakdown includes foreign direct investment (PMA) realization amounting to IDR 744.0…
