Business News
Breaking Global Markets, Handicrafts from Teak Wood to Bamboo Garner IDR 32.77 Billion Revenue
Indonesian SME exporter, PT HABE, has successfully penetrated the global market, earning a place in a prestigious international exhibition hosted by The Korean Importer Association (KOIMA). Established in November 2013, initially as a Foreign Direct Investment (PMA) company, HABE, founded by Hendra Budiman and two Dutch partners residing in Klaten,…
Swiftlet Nest Export Value Reaches IDR 9.2 Trillion: Collaboration Needed for Optimal Forex Utilization
Based on data from the Indonesian Bird's Nest Entrepreneurs Association (PPSBI), Indonesia's global export of swiftlet nests reached 1,502,290 tons in 2022, with a total export value of USD 590.60 million, equivalent to IDR 9.2 trillion (USD 1 = IDR 15,612.55). Dr. Boedi Mranata, Chairman of PPSBI, notes that the…
Hartadinata Abadi (HRTA) Expands Export Channels to India
On January 17, 2024, PT Hartadinata Abadi Tbk (HRTA) entered into a partnership agreement with RKD Solutions (RKDS), a seasoned international trading company based in Hyderabad, India, operating since 1998. The collaboration focuses on the export of gold jewelry to India, spanning from January 17 to December 31, 2024. Sandra…
LPEI Allocates IDR 500 Billion for the Development of Labuan Bajo Tourism Infrastructure
The Indonesian Ministry of Finance, via the Indonesian Export Financing Agency (LPEI), is actively boosting the national tourism potential, with Labuan Bajo as a key focus, designated a National Strategic Tourism Area since 2017. This effort is strengthened by a IDR 500 billion financing and credit guarantee agreement with PT…
