Business News
Indonesian Furniture Industry Exports to Global Markets Continue to Grow and Remain Promising
Despite a slowing global economy, demand for Indonesian furniture remains strong, with emerging markets in developing countries and across Asia acting as key growth regions. Major buyers continue to include the United States, Europe, Japan, China, and South Korea, while interest from the Middle East, India, and ASEAN nations is…
Indonesia’s Industrial Estates Attract IDR 6,744.5 Trillion Investment, Employ 2.35 Million Workers
Indonesia’s industrial estates have attracted a total investment of IDR 6,744.5 trillion over the past five years, providing employment for 2.35 million people, according to Industry Minister Agus Gumiwang Kartasasmita. Currently, 175 industrial estates hold Industrial Estate Business Licenses (IUKI), covering 98,235.5 hectares with an occupancy rate of 58.19%. A…
Indonesia Accelerates Agricultural Downstreaming to Increase Farmers’ Income
Indonesia is intensifying efforts to promote agricultural downstreaming as a strategy to boost value creation and improve farmers’ income. Agriculture Minister Andi Amran Sulaiman urged regional governments to speed up the processing of key commodities such as coconuts, cocoa, and cashew nuts, emphasizing that local leaders play a critical role…
Indonesia Prepares to Establish New State-Owned Textile Enterprise
The Indonesian government is moving forward with plans to establish a new state-owned enterprise (SOE) dedicated to strengthening the national textile and garment industry. Minister of State Secretariat Prasetyo Hadi stated that the initiative builds on existing efforts, as the government has already assigned one SOE to address challenges in…
