Business News
South Sulawesi Still Has a Trade Surplus of USD 313 Million in Exports and Imports
Head of the South Sulawesi Central Statistics Agency (BPS) Aryanto reported that the province experienced a trade surplus in exports and imports from January to April 2024, amounting to USD 313.32 million or IDR 5.08 trillion (exchange rate IDR 16,200). "The surplus value from export-import transactions for South Sulawesi's main…
Investors Eye Indonesia’s Intelligent Transport Projects
Minister of Transportation, Budi Karya Sumadi, stated that the 19th Intelligent Transport System (ITS) Asia Pacific Forum 2024 provides opportunities for funding cooperation in the development of intelligent transport systems. “The exhibition at the Asia Pacific Intelligent Transport System Forum offers more than just selling services or products; it also…
Jokowi Launched Tanjung Sauh SEZ in Batam, Targeted IDR 199.6 Trillion Investment
President Joko Widodo (Jokowi) has officially established the Tanjung Sauh Special Economic Zone (SEZ) through Government Regulation No. 24 of 2024. With this establishment, Indonesia now has 21 SEZs across the country. Located on Tanjung Sauh Island, Batam City, in the Riau Islands Province (Kepri), the SEZ covers an area…
Indonesia to Transition from Fishing to Aquaculture Within 10 Years, Says Maritime Affairs Minister
The Indonesian government aims to foster a blue economy in the marine sector, transitioning from a heavy reliance on fishing to aquaculture over the next decade. Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono stated that within the next 5 to 10 years, Indonesia must implement the blue economy…
