Business News
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…
Preparing Local Fisheries Products to Penetrate the Global Market
Indonesia's Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, recently called for a reevaluation of the country's fish-catching processes, citing challenges in exporting marine products to Europe due to unregulated fishing practices threatening sustainability. Based on 2022 data, the top three seafood exports include shrimp (34%), tuna-mackerel-bonito (15%), and…
Direct Batam-China Flight Route: Boosting Business and Investment Opportunities
PT Bandara Internasional Batam (BIB) is set to inaugurate a direct flight route from Batam, Indonesia, to Kunming, China, starting January 20, 2024. The Batam Indonesia Free Zone Authority (BP Batam) sees this initiative as a strategic effort to enhance business and investment prospects. According to Ariastuty Sirait, Head of…
Increased Mango Production Propels Cirebon Regency as Key Mango Hub in West Java
Cirebon Regency is actively establishing itself as a prominent mango-producing center in West Java, showcasing remarkable growth. According to data from the Central Statistics Agency (BPS), five areas in Cirebon Regency have become pivotal in mango production, namely Lemahabang, Palimanan, Astanajapura, Susukan Lebak, and Greged. Throughout 2023, these regions exhibited…
