Business News
Beyond Raw Material Exports, Minister of Cooperatives and SMEs Urges SMEs to Embrace Downstream Activities.
Indonesia's Minister of Cooperatives and Small and Medium Enterprises (Menkop UKM), Teten Masduki, urges micro, small, and medium enterprises (MSMEs) to engage in downstream processes. He states that President Joko Widodo has directed him to shift the focus of MSME exports from raw materials to value-added finished or semi-finished goods.…
Initiation of Indonesian Seaweed Downstreaming Development
The Indonesian government is focusing on the next flagship export commodity, seaweed, and its downstream development. President Joko Widodo has unveiled plans for the downstream processing of seaweed in Indonesia. Drawing inspiration from the successful downstream processing of nickel, which increased exports from IDR 7 trillion to IDR 15 trillion,…
Thanks to Nickel Downstreaming, Indonesia Becomes the World’s First HRC Exporter
Spokesman for the Ministry of Industry, Febri Hendri Antoni Arif, revealed that Indonesia's position as a major exporter of downstream nickel metal products has continued to strengthen in recent years, especially after the downstream policy and the ban on nickel ore exports were implemented. Stainless steel exports, both in the…
Economic Growth in The Second Quarter of 2023 Above Estimates
Beyond the expectation of pessimistic observer consensus, Indonesia's annual economic growth in the second quarter of 2023 grew by 5.2%, above estimates. Economic growth accelerated to its highest level in three quarters, supported by strong household and government spending. The government plans to increase the allocation of state budget spending…
