Business News
The Tobacco Industry is Considered a Key Driver of Local Economies
The Tobacco Processing Industry (IHT) not only contributes significantly to national tax revenues but also drives regional economies and creates jobs, particularly in the hand-rolled clove cigarette (SKT) sector. This industry is a key economic driver in East Java (Jatim), which annually receives the largest share of tobacco excise revenue…
Indonesian Chamber of Commerce and Industry Holds Coordination Meeting with Associations to Draft Economic Policy Whitepaper
The Indonesian Chamber of Commerce and Industry (Kadin) held a coordination meeting to draft a whitepaper with business proposals for the 2024-2029 economic development program. The meeting was attended by hundreds of industry associations that are extraordinary members (ALB) of Kadin Indonesia. Chairman Arsjad Rasjid explained that Kadin is compiling…
Government to Add 4 Special Economic Zones with an Investment Value of IDR 161 Trillion
The Indonesian government is set to establish four new Special Economic Zones (SEZs) with a total investment value of IDR 161 trillion. Acting Secretary General of the National Council for SEZs, Rizal Edwin, announced that the four zones have been agreed upon and are in the process of being formalized…
Green Coconut's Economic Potential Presents Major Opportunities for Indonesia
President Joko Widodo (Jokowi) has emphasized that the green economy presents significant opportunities for Indonesia, particularly through the development of coconut, cocoa, vanilla, coffee, pepper, and cloves. During the 51st Cocotech Conference in Surabaya, East Java, he stated, "The green economy is a huge opportunity and potential for our country,…
