Business News
Ministry of Trade-OECD Study: Services Sector Key Driver of Indonesia's Economic Growth
The Indonesian Ministry of Trade (Kemendag) has released findings from an in-depth study on Indonesia's services trade. The results indicate that the services sector, including telecommunications, transportation, and finance, will serve as a primary driver of Indonesia's economic growth. The study, titled "Services Trade in Indonesia: Exploring Patterns, Policies, and…
Vaname Shrimp Popular in Egypt, Indonesia Wants to Boost Exports
The Indonesian government aims to boost domestic vaname shrimp exports to the Egyptian market. Indonesia's Ambassador to Egypt, Lutfi Rauf, noted that vaname shrimp is popular among Egyptian consumers. "Egyptian consumers highly appreciate Indonesian seafood, including vaname shrimp, which proves the high quality and competitiveness of our product. This momentum…
Ministry of Trade Records Increasing Trend in Garlic
The Ministry of Trade has noted a trend of rising garlic prices, prompting the government to urge importers to expedite their shipments. Bambang Wisnubroto, Director of Essential Goods, stated in a voice recording received by RRI on Wednesday, October 23, 2024, that garlic prices are currently increasing, and he will…
Indonesia's Ministry of Industry Pushes for Upstream Semiconductor Investment
Indonesia currently hosts a semiconductor manufacturer, PT Infineon Technologies Batam, located in Batamindo Industrial Park, Batam, with a facility spanning 83,000 m². According to Minister of Industry Agus Gumiwang Kartasasmita, semiconductor investment aligns with the government's aim to integrate into the global value chain. "Semiconductors are already in Indonesia. Our…
