Business News
Spur Downstream, Ministry of Industry Encourages Innovation of Porang Derivative Products
The Ministry of Industry continues to accelerate the downstreaming of agro-based industries, especially now encouraging innovation of porang derivative products in order to increase the added value of the commodity, both investment, exports, and employment so that it contributes greatly to national economic growth."We project that porang can become one…
Vice Minister of Trade: Trade Balance Up to July was a Surplus of 14.42 Billion US Dollars
Deputy Minister of Trade Jerry Sambuaga said Indonesia's trade balance cumulatively for the January - July 2021 period, a surplus of 14.42 billion US dollars. "Praise God, Alhamdulillah, Indonesia's trade balance has a surplus of USD 14.42 billion. This is the highest record since the last 10 years, the last…
Indonesian President Highlights Three Key Economic, Business Strategies
Indonesian President Joko Widodo has highlighted three major economic and business strategies, comprising industrial downstreaming, digitising micro, small and medium enterprises (MSMEs); and developing a green economy. Addressing an online meeting with 100 economists on August 26, the President said on industrial downstreaming, the government has stopped the exports of…
BPPT focuses on development of eight priority sectors
The Agency for the Assessment and Application of Technology (BPPT) will channel all attention to eight priority sectors with the objective of boosting the nation's independence and competitiveness in 2021. "Innovation, science and technology are the nation’s main drivers of economic growth and development," Head of BPPT Hammam Riza stated…
