Business News
Minister Calls for Stronger Market Protection to Shield MSMEs from Import Surge
The Minister of Cooperatives and Small and Medium Enterprises (MSMEs), Maman Abdurrahman, has urgently stressed the necessity of "sterilizing" the domestic market from the overwhelming dominance of foreign products. Speaking at the 2025 Kadin National Leadership Meeting, the Minister argued that this crucial step is essential to safeguard local MSME…
Riau’s Non-Oil and Gas Sector Drives Strong Export Growth in 2025
The Riau Province economy has demonstrated robust performance in the global market, with total exports surging by 18.98% year-on-year, reaching US$17.58 billion in the January–October 2025 period.According to the Central Statistics Agency (BPS), this significant growth was primarily spearheaded by the non-oil and gas sector, which posted an impressive 24.16%…
Trade Minister Shares Update on Planned Export Levy for Whole Coconuts
Indonesia’s Trade Minister, Budi Santoso, stated that no final decision has been made regarding the proposed Export Levy (PE) on whole coconuts, as the government is still awaiting guidance from the Coordinating Minister for Food Affairs, Zulkifli Hasan. He emphasized that the current rise in coconut prices is beneficial for…
Strategic Commodities Bill Set to Guide Indonesia’s Future Governance Framework
Indonesia’s Minister of Trade, Budi Santoso, affirmed that the Strategic Commodities Bill will serve as a unified legal foundation for formulating policies related to the governance of key commodities. The regulation aims to harmonize sectoral rules and provide an integrated framework covering downstream development, export, and import activities. During a…
