Business News
Value of Halal Product Spending Reaches IDR 2,000 Trillion
Indonesia, with the world's largest Muslim population, is making waves in the global halal food industry. According to the State Global Economy Report in 2018/2019, Indonesia's halal food transaction value has reached IDR 2.465 trillion, surpassing many other Muslim-majority countries. This reflects the growing demand for halal products and services…
Jakarta Provincial Government's Bold Agenda for 2024: Accelerating Economic Growth
The Jakarta Provincial Government, in collaboration with the Central Government, aims to accelerate economic growth in 2024, as stated by Acting Governor Heru Budi Hartono during the Regional Development Planning Deliberation (Musrenbang) for the 2024 Regional Government Work Plan (RKPD) at the Jakarta City Hall. Heru outlined six priority issues…
Italian Government To Announce 0.9% Growth Forecast
The Italian government is expected to announce a growth forecast of 0.9% for 2023 with a deficit of 4.3% in the upcoming Document of Economy and Finance (DEF) to be presented to Parliament. This comes amidst ongoing discussions on the National Resilience and Reconstruction Plan (PNRR) and as the EU…
Italy's Service Sector Achieves Fastest Growth in March Since Nov 2021 - PMI
Italy's services sector grew at its fastest rate in 16 months in March, according to S&P Global's Purchasing Managers' Index (PMI). The PMI for Italian services rose to 55.7 from 51.6 in February, surpassing expectations and indicating a recovery in the country's third-largest economy. New business also increased at a…
