Business News
NTB's Muslim Fashion Industry Driven to Penetrate the Global Market
The Muslim fashion industry has been experiencing rapid growth both in Indonesia and globally, with projected Muslim spending worldwide reaching USD 375 billion in 2025, compared to USD 295 billion in 2021. Bank Indonesia (BI), through its representative in West Nusa Tenggara (NTB), Heru Saptaji, is consistently developing the modest…
The Halal Industry Needs to be Boosted to Become a Mainstay of Exports
The Indonesian halal industry has immense potential and should be further developed to become a leading global player, according to Teguh Dartanto, the Dean of the Faculty of Economics and Business at the University of Indonesia (UI). With a Muslim middle-class population and a strong creative industry in this sector,…
Luhut Urges Australia to Enhance Lithium Exports to Indonesia
The Indonesian government plans to import an additional 60,000 tons of lithium from Australia to support its ambition of becoming a global producer of electric vehicle batteries. The lithium will be processed in Morowali starting in 2024. The government has requested Australia's participation in the domestic electric vehicle battery production…
Agripreneur Drives the Development of Agricultural Downstreaming and Creates Excellent Entrepreneurs
The Minister of Cooperatives and Small and Medium Enterprises (MenKopUKM), Teten Masduki, emphasizes the importance of developing Indonesia's agricultural sector and creating agripreneurs. Agripreneurs, entrepreneurs in the agriculture sector, have the potential to drive the downstream development of agriculture and create outstanding entrepreneurs. The agricultural sector contributes significantly to Indonesia's…
