Business News
Ministry of Industry Targets Manufacturing Sector to Grow by 7.29%
The Ministry of Industry targets a 7.29% growth in the manufacturing sector by 2025 and 8.59% by 2028. Minister of Industry Agus Gumiwang Kartasasmita stated that this growth target is crucial to support the national economic growth target of 8%. He emphasized that the manufacturing sector should contribute 17.96% to…
Ministry of Trade Targets 2025 Exports to Grow 7.1%, Involving SMEs
The Ministry of Trade (Kemendag) targets a 7.1% export growth rate by 2025, as stated by the Director General of National Export Development, Fajarini Puntodewi. Speaking at the "UMKM Indonesia Goes to Europe" event at the Institut Français Indonesia in Jakarta on Tuesday (January 21, 2025), Fajarini explained that this…
Push Asta Cita, SGAR Mempawah Drives Local Economic Growth
The Smelter Grade Alumina Refinery (SGAR) Phase I project in Mempawah is driving economic growth in West Kalimantan and supporting President Prabowo Subianto's Asta Cita vision of regional economic development. Managed by MIND ID, a state-owned mining company, SGAR plays a key role in the national aluminum supply chain while…
Minister of Industry Targets Industry to Contribute 20.92% to GDP by 2029
Minister of Industry (Menperin) Agus Gumiwang Kartasasmita is targeting the industrial sector to contribute 20.92 percent to the national gross domestic product (GDP) by 2029 and grow 7.29% this year. "The industrial sector must also be able to contribute 17.96% to the national GDP this year and 20.92% in 2029,"…
