Business News

Batik aims to industry to increase exports

The batik industry is aiming at establishing itself as a prominent export industry, with the Industry Ministry saying overseas demand will increase over the coming years.Batik, an internationally acclaimed national heritage that offers a plethora of fabric motifs from different regions, is an industry in which the players are mostly…

Indonesia plans to construct 4,479 km toll roads by 2030

The government plans to develop 4,479.33 kilometers of toll roads by 2030 in addition to the 1,500 km toll road projects that are to be completed in 2024 to support mobility, an official has announced.The Public Works and Housing Ministry’s road development director general, Sugiyartanto, said the new toll roads…

Jokowi ponders two 'hills' in Kalimantan for new capital

All eyes are now on Kalimantan as President Joko “Jokowi” Widodo has fallen in love with two hills there – Bukit Soeharto (Soeharto Hill) and Gunung Mas (Golden Hill) – as he seeks the best place to relocate the capital from Jakarta.“From the width of the area, this is the…

Indonesia coal price dips nearly 8% on dwindling demand

The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent.Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries, especially China and India, were currently…
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