Business News
Minister of Home Affairs Appreciates Riau Islands' Ability to Capture Singapore's Export Market
Minister of Home Affairs Tito Karnavian has commended the Riau Islands (Kepri) province for successfully tapping into Singapore's export market, particularly in the food sector. He highlighted that Singapore's demand for chicken and hydroponic products has been substantial, especially as Johor, Malaysia—formerly a primary supplier—now prioritises domestic needs. Tito encouraged…
Component Industry Boosts Export Market to Sustain
Indonesia's automotive component industry is facing significant challenges due to sluggish domestic vehicle sales and the influx of imported electric vehicles (EVs), leading to potential layoffs. To navigate these difficulties, the Indonesian Automotive Parts and Components Industry Association (GIAMM) is encouraging local manufacturers to expand their export markets. While domestic…
Inside Indonesia's New Economic Package for Sustainable Growth
Under President Prabowo Subianto's leadership, Indonesia has introduced a comprehensive economic stimulus package aimed at fostering sustainable growth, enhancing public welfare, and reducing unemployment amid global uncertainties. Unveiled on September 15, 2025, the package comprises eight accelerated initiatives, four ongoing programs, and five workforce empowerment measures. This follows a previous…
IEU-CEPA increases Indonesia's exports to Europe by 2.5 times
Coordinating Minister for Economic Affairs Airlangga Hartarto states that the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA), set to be signed on 23 September 2025, has the potential to increase Indonesia’s exports to the European Union by 2.5 times over the next five years. Currently, trade between Indonesia and the EU…
