Business News
ISEF 2024 Launches Four Strategic Initiatives to Strengthen Indonesia’s Sharia Economy
The Indonesia Sharia Economic Festival (ISEF) 2024 has unveiled four strategic programs to strengthen the national sharia finance and economic ecosystem. Bank Indonesia (BI) Governor Perry Warjiyo announced these initiatives during the ISEF 2024 opening ceremony in Jakarta on Wednesday, stating, “We officially launch these four initiatives to advance Indonesia's…
Indonesia Set to Become Major Hydrogen Exporter
Indonesia is poised to become a significant hydrogen exporter, with projections indicating a surplus of around 4 million tons by 2060. However, Co-Director of Indonesia’s Low Carbon Energy Transition Program (Mentari), Bagus Mudiantoro, highlighted several challenges to achieving this export potential. "The main hurdle is the high weighted average cost…
Ministry of Industry: Cosmetic Sector Boosts National Export Growth
The Indonesian Ministry of Industry (Kemenperin) is actively supporting the growth of the domestic cosmetics industry to enhance national exports. According to data from the Central Statistics Agency, Indonesia’s exports of cosmetic products, essential oils, and perfumes reached USD 842 million in 2023, with notable contributions from popular brands like…
Indonesia’s Mineral and Coal Investment Reaches USD 4.98 Billion by October 2024
The Ministry of Energy and Mineral Resources (ESDM) reported that investment in the mineral and coal (minerba) sector reached USD 4.98 billion by October 2024, or about 62% of the USD 8.08 billion annual target. For comparison, in 2023, the minerba sector achieved USD 7.46 billion in investments, equivalent to…
