Business News
Luhut Encourages Economic Digitalization Through Downstream Policy
The Indonesian government is actively promoting economic digitalization through downstream policies to establish a high-value industrial base capable of driving economic growth. This was highlighted by Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, during the High-Level Multi-Stakeholder Partnership Forum (HLP MSP). Luhut emphasized that Indonesia, the world's…
Food and Beverage Industry Remains the Largest Pillar of the Economy
Indonesia's food and beverage industry plays a crucial role in the national economy. In the second quarter of 2024, this sector achieved a growth rate of 5.53%, surpassing the overall economic growth rate of 5.05%. Consequently, the food industry contributed 40.33% to the non-oil and gas sector of the Gross…
Supporting Labor-Intensive Industries, Government Appreciates 'Indonesia Toys Paradise
Deputy Minister of Trade Jerry Sambuaga praised the first and largest permanent children's toy exhibition in Indonesia, ‘Indonesia Toys Paradise,’ held in Surabaya. The event is expected to foster healthy competition between local Micro, Small, and Medium Enterprises (MSMEs) in the toy sector and foreign products.Sambuaga highlighted that MSMEs in…
Investment Minister: Investment Realization in the First Semester Reaches IDR 829 Trillion
Investment Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani reported that investment realization in the first half of 2024 reached IDR 829.9 trillion. As of the first semester of 2024, this figure represents 67% of the strategic plan target of IDR 1,239 trillion. When compared to President Joko Widodo's…
