Business News
Riau’s Non-Oil and Gas Sector Drives Strong Export Growth in 2025
The Riau Province economy has demonstrated robust performance in the global market, with total exports surging by 18.98% year-on-year, reaching US$17.58 billion in the January–October 2025 period.According to the Central Statistics Agency (BPS), this significant growth was primarily spearheaded by the non-oil and gas sector, which posted an impressive 24.16%…
Trade Minister Shares Update on Planned Export Levy for Whole Coconuts
Indonesia’s Trade Minister, Budi Santoso, stated that no final decision has been made regarding the proposed Export Levy (PE) on whole coconuts, as the government is still awaiting guidance from the Coordinating Minister for Food Affairs, Zulkifli Hasan. He emphasized that the current rise in coconut prices is beneficial for…
Strategic Commodities Bill Set to Guide Indonesia’s Future Governance Framework
Indonesia’s Minister of Trade, Budi Santoso, affirmed that the Strategic Commodities Bill will serve as a unified legal foundation for formulating policies related to the governance of key commodities. The regulation aims to harmonize sectoral rules and provide an integrated framework covering downstream development, export, and import activities. During a…
Indonesian Durian Producers See Growing Opportunity as Global Demand Rises
Indonesian durian producers are optimistic about their prospects in the global market, particularly as China strengthens its position as the world’s largest durian importer. Industry figures emphasize that Indonesia’s production capacity stands far above Malaysia’s, reinforcing calls to recognize durian as the nation’s official fruit. Citing 2024 data, experts note…
