Business News
Upstream Oil and Gas Projects Worth IDR 4.36 Trillion Onstream as of September 2024
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) announced that 12 upstream oil and gas projects were onstream by Q3 2024, accounting for 80% of the targeted 15 projects this year. Hudi D. Suryodipuro, Head of SKK Migas' Program and Communication Division, noted that these…
NTB Exports 217 Tons of Frozen Tuna and Lobster to the United States and Taiwan
The Fishery Product Quality Control and Assurance Agency (BPPMHKP) of Indonesia’s Ministry of Maritime Affairs and Fisheries, in collaboration with the Nusa Tenggara Barat (NTB) Provincial Government, has exported 217 tons of frozen tuna and lobster. These exports, valued at IDR 26 billion, are bound for the United States and…
North Sumatra Rubber Exports will reach 26,042 Tons in September 2024
In September 2024, North Sumatra (Sumut) recorded rubber exports of 26,042 tons, a 15.6% increase compared to August's volume of 22,522 tons. According to Edy Irwansyah, Executive Secretary of Gapkindo Sumut, this increase was largely driven by a rising demand from manufacturing sectors, particularly tire factories in the United States.…
Fisheries Trade Balance Surplus Until September 2024
The Ministry of Marine Affairs and Fisheries (KKP) reported a trade surplus in fishery commodities of USD 3.87 billion from January to September 2024, reflecting a 7.2% increase from the same period last year. Export values in this sector reached USD 4.23 billion, driven by significant growth in August when…
