Business News
The Government Constructs 190 National Strategic Projects (PSN), Total Investment Reaches IDR 1,515.4 Trillion Until 2023
The Indonesian government, specifically the Coordinating Ministry for Economic Affairs, has reported the completion of 190 National Strategic Projects (PSN) by the end of 2023. Minister of Economic Affairs Coordinating, Airlangga Hartarto, disclosed that over the past decade of PSN development, the government successfully finalized 190 projects with a total…
The Retail Sector is Anticipated to Experience Positive Growth Until the First Semester of 2024
The Indonesian retail sector is poised for growth until the first semester of 2024, driven by factors such as the upcoming general elections (Pemilu) and alignment with the lifestyle of the younger generation. Analyst Abdul Azis Setyo Wibowo from Kiwoom Sekuritas Indonesia predicts positive growth, especially for retailers targeting the…
Export from East Kalimantan to the EU Reaches USD 494.51 Million
East Kalimantan Province has successfully exported various non-oil and gas commodities to several European Union (EU) countries, totaling USD 494.51 million, equivalent to IDR 7.41 trillion with an average exchange rate of IDR 15,000 per USD. This non-oil and gas export achievement was accomplished over almost a year, spanning from…
Streamlined Permitting Boosts Positive Investment Growth in Batam
In the dawn of 2024, Batam envisions a golden era for investments propelled by the facilitation of business operations and licensing procedures. The Chairman of the Indonesian Employers Association (APINDO) in Batam, Rafki Rasyid, notes a significant reduction in complaints from entrepreneurs regarding licensing processes, excluding those related to environmental…
