Business News
Economic Diplomacy Yields IDR 759 Trillion in Foreign Investment for Indonesia
The Ministry of Foreign Affairs (Kemlu) reported that economic diplomacy has been one of Indonesia’s main pillars over the past decade under President Joko Widodo's leadership. As a result, Foreign Direct Investment (FDI) inflows to Indonesia reached USD 50 billion (IDR 759 trillion) in 2023. Deputy Foreign Minister Pahala Nugraha…
Indonesia Supports Belém Declaration to Boost Global Tourism Commitment
Indonesia, through the Ministry of Tourism and Creative Economy/Agency for Tourism and Creative Economy (Kemenparekraf/Baparekraf), has endorsed the Belém Declaration, an agreement reached by Tourism Ministers and representatives of the G20 during the "G20 Tourism Ministerial Meeting" in Brazil. This support reflects Indonesia's commitment to advancing global tourism and achieving…
Italy's GDP to Grow by 0.8% in 2024, OECD Urges Prudence
Italy’s GDP is expected to increase by 0.8% in 2024, slightly down from the 1% growth seen in 2023, according to the OECD’s interim economic outlook released today in Paris. The growth is projected to rise again to 1.1% by 2025. Across the Eurozone, GDP growth is forecasted to reach…
JIIPE SEZ Recognized as Best Industrial Zone by Coordinating Ministry for Economic Affairs
The Gresik Special Economic Zone (SEZ) has received an award as the best industrial SEZ from the Coordinating Ministry for Economic Affairs. This recognition fosters optimism for the future of SEZs, particularly the Java Integrated Industrial and Port Estate (JIIPE) managed by PT Berkah Kawasan Manyar Sejahtera. JIIPE was designated…
