Business News
French Roofing Producer Constructs Factory in Pasuruan Industrial Zone, Claims 50 Percent Domestic Content Achievement
Foreign direct investment (FDI) is attracted by the implementation of the domestic content level (TKDN) program. In this case, a French bitumen roof manufacturer is starting the construction of a factory in the Pasuruan Industrial Estate, East Java. This step is expected to advance the property industry and attract investment…
Policy Relaxations Implemented to Drive Agricultural and Forestry Product Exports
The Indonesian government is intensifying the export of various non-oil and gas products, including agricultural and forestry products, which are major export commodities after mineral fuel, fats and oils, iron and steel, metal ores, and footwear. The Ministry of Trade has implemented strategic measures, including policy relaxations, to boost export…
Trade Balance of South Sulawesi's Exports and Imports Records a Surplus of USD 493 Million
The Central Statistics Agency (BPS) reported that the value of exports from South Sulawesi Province reached USD 962.46 million in January-May 2023, resulting in a surplus of USD 493.79 million, with total imports amounting to USD 468.67 million. If it converts to the local currency based on the exchange rate,…
First Semester of 2023 Investment Realization in Cirebon Regency Reach IDR 549.7 Billion
The Investment and Integrated Licensing Service Agency (DPMPTSP) of Cirebon Regency has recorded that investment realization in the region during the first semester of 2023 reached IDR 549.7 billion. Based on the information gathered, out of the IDR 549.7 billion investment realization in the first semester of 2023, IDR 287…
