Business News
Prices Rise, Indonesia's Coffee Export Value Soars
Coffee producers and exporters in Indonesia are experiencing a boost in profits due to a significant rise in the value of the country’s coffee exports. According to the Central Statistics Agency (BPS), the export value of agricultural, forestry, and fishery products increased by 23.47% year-on-year (yoy), growing from USD 3.67…
Rubaru Onions Break into the Export Market
Koperasi Permata Indah Rubaru (PIR) has been working towards making Rubaru red onions from Sumenep widely recognized and a preferred choice among consumers. This goal has gained momentum with a recent export order for fried onions to the Netherlands. The cooperative has signed an export contract valued at USD 400,000,…
Target Economic Growth of 8%, Ministry of Trade: Exports Need to Grow 7-10% in 2025
The Ministry of Trade, through the Trade Policy Agency (BKPerdag), targets an export value of USD 294.45 billion with a growth of 7.1% in 2025. This export value is expected to increase further, reaching USD 405.69 billion by 2029, with a growth rate of 9.64%. Fajarini Puntodewi, Head of BKPerdag,…
The Economic Growth of Indonesia in 2024 is Projected to Range from 5% to 5.05%
Bank Mandiri views Indonesia’s economy as remaining on a positive trajectory in 2024, supported by maintained macroeconomic stability and strengthening in various strategic sectors. Eka Fitria, Director of Treasury & International Banking at Bank Mandiri, forecasts that Indonesia’s economy will grow by 5% to 5.05% by the end of 2024.…
