Business News
Italian Oil and Gas Giant Invests IDR 250 Trillion in Indonesia, Here are the Projects
Italian oil and gas giant, ENI, plans to escalate its investment in Indonesia by USD 16 billion or IDR 250 trillion, focusing on enhancing gas production. This announcement followed a meeting between ENI's CEO and President Joko Widodo at the Presidential Palace on Friday (2/2/2024), as confirmed by Energy and…
Sidoarjo's MSMEs Penetrate European Market, Export Cassava Chips to the Netherlands
Micro, Small, and Medium Enterprises (MSMEs) from Sidoarjo, East Java, have successfully penetrated the Dutch market. They exported a container containing 1,360 boxes of processed cassava snack products to Rotterdam, Netherlands. PT Indorasa Utama, the MSME behind this initiative, also shipped 400 boxes of processed anchovy snacks and 2,800 processed…
The Projection for Indonesian Oleochemical Exports to Reach USD 54 Billion by 2030
The Indonesian Oleochemical Producers Association (APOLIN) projects that the export value of Indonesian oleochemical products could reach USD 54 billion by 2030, driven by the downstream development of the palm oil industry in Indonesia. APOLIN's Secretary General, Rapolo Hutabarat, stated that the increase in oleochemical export value is expected to…
The Economic Growth of Indonesia Throughout 2023 Reached 5.05%
In 2023, Indonesia's economy grew by 5.05%, a decrease from 5.31% in 2022 amid global economic slowdown and declining prices of key export commodities. Amalia A. Widyasanti, Acting Head of the Central Statistics Agency (BPS), stated that despite challenges, Indonesia ended 2023 with solid economic growth. In Q4 2023, the…
