Business News
Indonesian Rattan Enhances Global Economic Cooperation
Recently, a truckload of Indonesian rattan was delivered to Bobai Huangtu Arts and Crafts Company in Yulin, Guangxi, China. The rattan will be crafted into bread fermentation bowls and lampshade covers, soon to be sold in Southeast Asia, Japan, South Korea, Europe, and other regions. Huang Lianjiang, the company’s manager,…
Indonesia Poised to Lead in Global Kratom Export Market
A significant milestone in Indonesia's kratom export industry was achieved at Hotel Ashley Jakarta, where the Persada Akmil 92 Foundation, Makmur Agro Satwa Group, and PT Indo Global Empire signed an innovative cooperation agreement. This collaboration aims to enhance the quality and quantity of kratom production for export, establishing a…
Palm Oil Industry Boosts Indonesia’s Foreign Exchange by USD 9.78 Billion as of May 2024
The Indonesian Palm Oil Association (Gapki) reported that the palm oil industry contributed USD 9.78 billion to the country’s foreign exchange earnings by May 2024, equating to 10.01% of Indonesia’s non-oil and gas exports. Gapki Chairman Eddy Martono shared this during a press conference in Belitung on 27 August 2024.…
Bali Attracts USD 710.2 Million in Foreign Direct Investment in H1 2024
Bank Indonesia reported that Bali attracted Foreign Direct Investment (FDI) amounting to USD 710.2 million in the first half of 2024, representing 87% of the total FDI in 2023, which was USD 808.49 million. The surge in foreign investment underscores Bali's continued appeal as a prime destination for global investors.…
