Business News
Investor Interest in Indonesia's Capital City (IKN) Reaches 345 Letters of Intent, 60% Domestic
The Jakarta-based National Capital Integrated Coastal Development (IKN) project is witnessing a surge in investor interest, with 345 Letters of Intent (LoI) submitted to participate in its development. As of December 15, 2023, the project had received a total of 328 LoIs, with the majority originating from domestic investors. Deputy…
Indonesia's Spice Exports Reach 148 Thousand Tons, Attracting China and the US
Indonesia's rich array of spices continues to captivate the global market, with more than 400 types spread worldwide. The Spice Nation Foundation notes over 275 varieties originating from Indonesia have been pivotal since the 15th century. According to the Central Statistics Agency (BPS), Indonesia exported 148,220 tons of spices from…
Currency Circulation in Riau Islands Throughout 2023 from Exports Reaches IDR 295.7 Trillion
In the year 2023, the currency circulation in the Riau Islands (Kepri) Province from the export sector amounted to USD 18,957.28 million or approximately IDR 295.7 trillion, based on a USD to IDR exchange rate of Rp15,600 per US Dollar as of Tuesday, January 16, 2024. This substantial figure does…
Creative Economy Industry: The Backbone of Indonesia's Economy
It is no secret that the creative industry is a key driver for the growth and development of Indonesia's economy in the future. This sector has become a backbone in achieving economic goals, as highlighted by data from the Ministry of Tourism and Creative Economy (Kemenparekraf), revealing a significant contribution…
