Business News
Indonesia Strengthens Economic Ties with Europe, Focusing on Digital Economy and Tourism
Indonesia has long established itself as a key partner for Europe, with their cooperation spanning centuries across various sectors. Particularly in the economic field, trade between Indonesia and Europe has grown significantly. In 2019, bilateral trade reached approximately USD 34 billion, increasing to USD 43.2 billion in 2023. From 2014…
Indonesia Launches Digital Islamic Economy Report to Boost Inclusive Growth
The Indonesian government has officially launched the Indonesia Digital Islamic Economy Report 2023/2024 to support inclusive economic development through sharia economy and digital transformation, in alignment with the principle of sustainable development, ensuring no one is left behind. The report was unveiled by Vice President Ma’ruf Amin, highlighting the transformation…
Ambassador Iwan Confident Indonesian Products Will Dominate Europe in the Next Five Years
Ambassador to Bulgaria, Albania, and North Macedonia, Iwan Bogananta, expressed confidence that Indonesian products would flood the European market in the next five years. "With the joint venture investments and trade collaborations I initiated since 2022, I believe Indonesian products will see significant growth in Europe within the next five…
The Ministry of Energy and Mineral Resources (ESDM) Updates Upstream Oil and Gas Investment Scheme: To Provide Ease of Benefits for Contractors
The Ministry of Energy and Mineral Resources (ESDM) has revised regulations governing upstream oil and gas investments to enhance flexibility for Cooperation Contractors (KKS) in Indonesia. Director Ariana Soemanto emphasized that these changes are designed to facilitate business operations by allowing contractors to choose between contract types based on their…
