Business News
OECD Projects Italy’s GDP Growth at 0.6% in 2025 and 2026
According to the OECD's latest Economic Outlook report released on Tuesday, Italy's GDP is projected to grow by 0.6% this year and in 2026, following a 0.7% expansion last year. The forecast for this year remains unchanged from the June outlook, but the prediction for next year has been revised…
Indonesia Prepares Measures to Ease Global Minimum Tax Burden for Investors
Indonesia is preparing non-fiscal incentives to mitigate the impact of the 15% global minimum tax (GMT) on large corporations and maintain its competitiveness in attracting foreign investment. The GMT, adopted by more than 130 countries, seeks to prevent profit shifting to low-tax jurisdictions and applies to multinationals with global revenues…
Yogyakarta’s Trade Balance Surplus, Exports in Double-Digit Growth
From January to July 2025, the Yogyakarta Special Region (DIY) achieved a trade surplus of USD 221.34 million, an increase of roughly USD 18.82 million compared to the same period last year. Exports reached USD 324.25 million, significantly higher than imports, which totalled USD 102.91 million. The rise in exports…
Shandong Heavy Industry Strengthens Cooperation at Mining Indonesia 2025
Shandong Heavy Industry Group (SHIG) is reinforcing its involvement in Indonesia’s mining sector, as showcased during Mining Indonesia 2025. The company has entered into strategic agreements with multiple Indonesian firms, covering procurement, technology partnerships, and localised services. In addition, SHIG introduced mining machinery optimised for Indonesia and Southeast Asia—highlighting features…
