Business News
Indonesia Aims to Downstream 26 Commodities, Prabowo Projects USD 600 Billion Investment Need
President Prabowo Subianto invited global investors to participate in Indonesia’s downstream projects during the Asia-Pacific Economic Cooperation (APEC) CEO Summit 2024. He emphasized the country’s ambitious plan to industrialize 26 key commodities, ranging from natural resources to minerals, by establishing domestic processing industries. Prabowo highlighted that this initiative requires substantial…
Italy's Enel unveils EUR 43 billion plan to increase renewable energy production
Italian energy group Enel has announced a major investment plan totaling around EUR 43 billion (USD 45.6 billion) over the next three years, primarily aimed at enhancing energy grid efficiency and expanding renewable energy production. The company revealed that EUR 26 billion will be allocated to improving and expanding its…
Italy increased steel production by 9% m/m in October
In October 2024, Italian steel production saw a notable increase of 9% compared to the previous month, reaching 1.96 million tons, which also represented a 2.2% rise from the same period in 2023. According to data from the Italian Federation of Steelworkers (Federacciai), the production of long products remained stable…
Contribution of Batik Product Exports to National Exports Reaches USD 11.52 Million
The batik industry plays a crucial role in preserving Indonesia's culture while contributing significantly to the national economy. According to data from the Central Statistics Agency (BPS), from January to September 2024, batik exports contributed USD 11.52 million to national exports. However, the industry has faced challenges in the last…
