Business News
Indonesia Set to Profit from Trade for 51 Consecutive Months, Coal as the Saviour
Indonesia is projected to maintain its trade surplus in July 2024, marking the 51st consecutive month of surplus since May 2020. Market consensus estimates the surplus will reach USD 2.5 billion, an increase from June 2024's surplus of USD 3.39 billion. This positive outlook is largely attributed to the significant…
The Government Prepares Special Strategy to Dominate the Non-Traditional Furniture Market
The Indonesian government, through the Ministry of Industry (Kemenperin), is implementing strategic measures to expand the market for non-traditional furniture products, recognizing the high added value and importance of this sector to the national economy. As part of this strategy, Kemenperin participated in the IndexPlus Delhi 2024 exhibition in India,…
Trade Balance Surplus Expected to Increase to USD 2.67 Billion in July 2024
Indonesia's trade balance in July 2024 is expected to maintain a surplus, with projections suggesting an increase to USD 2.67 billion, up from USD 2.39 billion in the previous month. This growth is driven by an increase in exports, which outpaced the rise in imports. According to Josua Pardede, Chief…
Great! Indonesia's Tuna Exports to Japan Now Duty-Free
Indonesia's tuna exports and certain related products have recently gained duty-free access to Japan, a development expected to enhance the competitiveness and investment potential of Indonesia's tuna industry. Budi Sulistiyo, Director General of Product Competitiveness Strengthening at the Ministry of Maritime Affairs and Fisheries (KKP), announced that four tariff lines…
