Business News
Hartadinata Abadi (HRTA) Expands Export Channels to India
On January 17, 2024, PT Hartadinata Abadi Tbk (HRTA) entered into a partnership agreement with RKD Solutions (RKDS), a seasoned international trading company based in Hyderabad, India, operating since 1998. The collaboration focuses on the export of gold jewelry to India, spanning from January 17 to December 31, 2024. Sandra…
LPEI Allocates IDR 500 Billion for the Development of Labuan Bajo Tourism Infrastructure
The Indonesian Ministry of Finance, via the Indonesian Export Financing Agency (LPEI), is actively boosting the national tourism potential, with Labuan Bajo as a key focus, designated a National Strategic Tourism Area since 2017. This effort is strengthened by a IDR 500 billion financing and credit guarantee agreement with PT…
Preparing Local Fisheries Products to Penetrate the Global Market
Indonesia's Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, recently called for a reevaluation of the country's fish-catching processes, citing challenges in exporting marine products to Europe due to unregulated fishing practices threatening sustainability. Based on 2022 data, the top three seafood exports include shrimp (34%), tuna-mackerel-bonito (15%), and…
Direct Batam-China Flight Route: Boosting Business and Investment Opportunities
PT Bandara Internasional Batam (BIB) is set to inaugurate a direct flight route from Batam, Indonesia, to Kunming, China, starting January 20, 2024. The Batam Indonesia Free Zone Authority (BP Batam) sees this initiative as a strategic effort to enhance business and investment prospects. According to Ariastuty Sirait, Head of…
