Business News
Kendal Furniture Company Boosts Monthly Exports with KITE IKM Facility
PT Inizio, a furniture company based in Kendal, has significantly benefited from the KITE IKM facility provided by the Indonesian Customs. This facility, aimed at supporting small and medium-sized industries in importing materials for export purposes, has enabled PT Inizio to expand its export operations. On Wednesday, 11 August, the…
Indonesian Furniture Industry Secures IDR 17 Billion Commitment in Indian Market
The Indonesian Ministry of Industry is expanding non-traditional markets for high-value-added furniture products to bolster Indonesia's economy. This initiative was highlighted by Indonesia's participation in the IndexPlus Delhi 2024 Exhibition, India's largest international platform for interior, architecture, and design, held from 9 to 11 August 2024. The event resulted in…
Indonesia's new capital Nusantara attracts increased investor interest
Indonesia's planned new capital, Nusantara, is attracting growing investor interest as President Joko "Jokowi" Widodo continues to advocate for the ambitious project. On August 13, 2024, major local companies, including Bank Central Asia (BCA), commenced projects worth over IDR 4 trillion in Nusantara. These include a BCA branch office, a…
Indonesia, China Agree to Strengthen Partnership Through Inaugural 2+2 SOM
Indonesia and China held their inaugural Senior Officials’ Meeting of the Joint Foreign and Defence Ministerial Dialogue (2+2 SOM) in Jakarta on August 13, 2024. The meeting, co-chaired by Abdul Kadir Jailani, Director General for Asia-Pacific and African Affairs under Indonesia’s Ministry of Foreign Affairs, and Oktaheroe Ramsi, Secretary Directorate…
