Business News
The Value of Lombok Pearl Shipments Reaches IDR 500 Billion in 2023
In 2023, the value of cultivated pearl shipments from Lombok's waters saw a remarkable surge, reaching half a trillion IDR, as reported by BKIPM Mataram. A substantial increase compared to 2022, where domestic traffic of Lombok's pearl commodities amounted to over IDR 48.6 billion, and total exports surpassed IDR 160.6…
Investment Outlook for the Automotive Sector in 2024: Indonesia's Potential as a Key Player in the Electric Vehicle Industry
The Indonesian Automotive Industry Association (GAIKINDO) expresses optimism regarding the positive growth of investment trends in the automotive sector in 2024. According to a statement by GAIKINDO's Secretary-General, Kukuh Kumara, on January 10, 2024, Indonesia has the potential to emerge as a key player in the electric vehicle (EV) industry,…
The Government Constructs 190 National Strategic Projects (PSN), Total Investment Reaches IDR 1,515.4 Trillion Until 2023
The Indonesian government, specifically the Coordinating Ministry for Economic Affairs, has reported the completion of 190 National Strategic Projects (PSN) by the end of 2023. Minister of Economic Affairs Coordinating, Airlangga Hartarto, disclosed that over the past decade of PSN development, the government successfully finalized 190 projects with a total…
The Retail Sector is Anticipated to Experience Positive Growth Until the First Semester of 2024
The Indonesian retail sector is poised for growth until the first semester of 2024, driven by factors such as the upcoming general elections (Pemilu) and alignment with the lifestyle of the younger generation. Analyst Abdul Azis Setyo Wibowo from Kiwoom Sekuritas Indonesia predicts positive growth, especially for retailers targeting the…
