Business News
Pursuing the 1 Million BOPD Oil Production Target, Indonesia Requires USD 186.7 Billion in Investments.
Head of the Special Task Force for Upstream Oil and Natural Gas Business Activities (SKK Migas), Dwi Soetjipto, has set a target of USD 186.7 billion in investments to achieve a production goal of 1 million barrels of oil per day (BOPD) and 12 billion standard cubic feet per day…
BPOM Confident in Indonesian Processed Food Products' Success in the Saudi Arabian Market
The Indonesian Food and Drug Regulatory Agency (BPOM) is hopeful about Indonesian processed food products breaking into the Saudi Arabian market through a collaboration with the Saudi Food and Drug Authority (SFDA/BPOM Saudi Arabia). This partnership focuses on ensuring drug and food product quality and safety, particularly facilitating access to…
Village Foreign Exchange Program Boosts Pacitan's Elephant Ginger Export Potential
In August 2023, the village of Pacitan in East Java achieved recognition as a Devisa Village by Bupati Pacitan Indrata Nur Bayuaji, signifying its substantial potential in the agricultural commodity of elephant ginger. This designation follows a collaborative effort involving various ministries and institutions, including the Indonesian Export Financing Agency…
Indonesia Achieves USD 6.9 Billion in Halal Product Exports in the First Half of 2023
In the last five years (2018-2022), Indonesia's exports of halal products have steadily increased, showing a growth rate of 4%. In the first half of 2023 alone, exports reached USD 6.90 billion. In 2022, Indonesia's halal product exports amounted to USD 15.87 billion, a 9.83% increase compared to 2021. The…
