Business News
Foreign Tourist Arrivals to Indonesia January-October 2023 Surge by 124.30%
The Ministry of Tourism and Creative Economy (Kemenparekraf) reports a cumulative increase in foreign tourist arrivals (wisman) from January to October 2023, reaching 9,942,004, marking a remarkable surge of 124.30% compared to the same period in 2022 (year on year/yoy). Minister of Tourism and Creative Economy/Head of the Tourism and…
Indonesia-China Trade Balance Surplus
In a forum held in Labuan Bajo, East Nusa Tenggara, Indonesia, Acting Maritime Affairs and Investment Coordinating Minister, Erick Thohir, highlighted the positive impact of the strategic and high-quality cooperation between Indonesia and China on the Indonesian economy. He noted a significant increase in trade and investment values between the…
Italy's South to Grow by 0.4% in 2023
The economic disparity between Italy's central-northern and southern regions has resurfaced in 2023, marking a departure from the alignment observed in the previous two years, as reported by Svimez, the association for industrial development in southern Italy. According to Svimez's report, the Gross Domestic Product (GDP) in southern Italy is…
The Government Investment Center (PIP) Disburses Financing of IDR 35.06 Trillion for Micro Enterprises
The Government Investment Center (PIP) under the Ministry of Finance has disbursed Ultra Micro Financing (UMi) amounting to IDR 35.06 trillion as of Tuesday, December 4, 2023. Ismed Saputra, the CEO of PIP, noted that around 9.48 million borrowers have received UMi financing since its inception. Managing a fund of…
