Business News
Covering 80 Percent of Global Production, Indonesia-Malaysia Strengthen Palm Oil Sector Cooperation
The Minister of Trade (Mendag) Budi Santoso shared details of an agreement reached between Indonesia and Malaysia during a meeting between President Prabowo Subianto and Malaysian Prime Minister Anwar Ibrahim in Kuala Lumpur on January 27th, 2025. The two leaders agreed to strengthen strategic cooperation, particularly in trade and investment,…
To Reduce Exports, Pertamina Will Upgrade Refineries to Absorb Crude Oil
PT Pertamina (Persero) plans to upgrade the capacity and flexibility of its refineries to process crude oil allocated for export, as part of the government’s plan to divert crude exports for domestic processing. This move is aimed at supporting Indonesia's commitment to energy independence. The government has emphasized that all…
Indonesia's Exports Reach USD 264.70 Billion in 2024, Agriculture Sector Becomes the Mainstay
The Central Statistics Agency (BPS) recorded Indonesia's cumulative export value for the period of January-December 2024 at USD 264.70 billion, marking a 2.29% increase compared to the same period in 2023. Meanwhile, cumulative non-oil and gas exports reached USD 248.83 billion, up by 2.46%. During the same period, non-oil and…
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…
