Business News
Indonesia Exports Oleochemical Products to India, Valued at IDR 6.75 Billion
The Indonesian Minister of Trade, Budi Santoso, officially inaugurated the export of oleochemical products, including split fatty acid and crude glycerine, to India. The shipment, valued at USD 420,000 (equivalent to IDR 6.75 billion), originates from PT VVF Indonesia, a subsidiary of the VVF Group. The ceremonial event took place…
Indonesia and China Drive Global Coal Consumption to Record High
Global coal consumption is projected to hit a record high in 2024, according to the International Energy Agency (IEA). Demand is expected to surpass 8.9 billion tons this year, marking the third consecutive annual peak. This resurgence follows a dip during the Covid-19 pandemic and coincides with predictions that 2024…
Investments in Nusantara Capital Reach IDR 58.4 Trillion
The development of Nusantara, Indonesia's new capital city located in Sepaku District, Penajam Paser Utara Regency, East Kalimantan, has attracted investments totaling IDR 58.4 trillion through eight groundbreaking projects. According to Troy Pantouw, Public Communications Advisor to the Head of the Nusantara Capital Authority (OIKN), several of these projects are…
Indonesia's Renewable Energy Investment Reaches IDR 24.04 Trillion
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) announced that renewable energy investment in the country has reached USD 1.49 billion (equivalent to IDR 24.04 trillion, assuming an exchange rate of IDR 16,137 per USD) in 2024. Eniya Listiani Dewi, Director General of New and Renewable Energy, revealed during the…
