Business News
Indonesia Set to Become a Supplier of Nickel for Electric Vehicles in the United States
Following the visit of Indonesian President Joko Widodo to the United States for a meeting with President Joe Biden on November 11, 2023, a Critical Mineral Agreement (CMA) was established. On Sunday (19/11), Minister of Energy and Mineral Resources Arifin Tasrif revealed that with this agreement, Indonesia has the opportunity…
Mining Sector Dominates Investments in South Kalimantan, Surpassing IDR 3 Trillion in Q3
The mining sector continues to be the primary contributor to the revenue of the South Kalimantan Provincial Government. Investment realization figures for the period of July to September 2023 indicate that mining holds the top position in both domestic (PMDN) and foreign (PMA) capital investments. The Investment and Integrated One-Stop…
Indonesia's Import Value Rises by 7.68%, Reaching USD 18.67 Billion
The Central Statistics Agency (BPS) has released the import figures for Indonesia in October 2023. According to Pudji Ismartini, the Deputy for Distribution and Service Statistics at BPS, Indonesia's import value for October 2023 reached USD 18.67 billion, showing a 7.68% increase compared to September 2023. However, Pudji stated that…
Indonesian Building Materials Garner Transactions Worth IDR 240.6 Billion in Saudi Arabia
In a successful endeavor, Indonesian building materials secured transactions amounting to USD 15.33 million or IDR 240.6 billion at the Saudi Build 2023 exhibition held at the Riyadh International Convention & Exhibition Center (RICEC) in Riyadh, Saudi Arabia, from November 6 to 9, 2023. The Ministry of Trade (Kemendag) highlights…
