Business News
Italy Records Highest Growth among Major EU Economies – Gentiloni
Italy is expected to experience the highest economic growth among the major EU economies this year, according to Economy Commissioner Paolo Gentiloni. After a significant 9% contraction during the pandemic, Italy has witnessed a growth of 12% over the past three years, which Gentiloni considers a noteworthy achievement. The European…
Textile Investments Surge by 89% to IDR 4.6 Trillion Despite Decreased Orders
The textile and textile product (TPT) industry in Indonesia saw a significant increase in investment, reaching IDR 4.63 trillion in the first quarter of 2023, an 89.41% rise compared to the same period the previous year. This surge in investment, primarily driven by domestic investments, occurred amidst sluggish export orders.…
Indonesia and EU Successfully Conclude 14th Round of I-EU CEPA Negotiations
The 14th round of negotiations for the Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) was held in Brussels, Belgium from May 12-18, 2023. Both parties made significant progress in the talks, with 18 key issues discussed including trade of goods, services, investment, government procurement, and intellectual property rights. The…
Minister Bahlil Urges Muslim Countries to Invest in Downstream Industries in Indonesia
The Indonesian government is urging Muslim countries to invest in Indonesia's downstream industries. Over the past five years, investments from Muslim countries have only accounted for 5.5% of the total Foreign Direct Investment (FDI) into Indonesia. The call was made by Bahlil Lahadalia, the Minister of Investment and Head of…
