Business News
Coordinating Minister Airlangga Commends Diaspora for Taking MSMEs to Foreign Markets
Micro, Small, and Medium Enterprises (MSME) in Indonesia have the potential to tap into foreign markets, and the government is actively encouraging them to do so. However, Indonesia's participation in the Global Value Chain (GVC) currently stands at only 4.1% of the total business units, lagging behind neighboring countries like…
BPS Reports Indonesian Tourism Resurgence Backed by a Remarkable 312.91% Increase in Foreign Tourists
Foreign tourist visits to Indonesia have experienced a significant surge, with a cumulative increase of 312.91% from January to May 2023 compared to the same period in the previous year, totaling 4.12 million visits. This data reflects the continuous revival of Indonesia's tourism sector, as the number of foreign tourist…
Smelter Development Emerges as the Primary Driver of Investment Realization in NTB
President Joko Widodo's visit to the PT Amman Mineral Nusa Tenggara (AMNT) smelter is expected to expedite its construction and investment process. The head of West Nusa Tenggara's Investment and Integrated One-Stop Service Agency (DPMPTSP), Mohammad Rum, mentioned that the President's visit aims to ensure the smelter's completion by May,…
Efforts to Boost the Performance of Forest Product Exports Persist
The Ministry of Trade (Kemendag) is committed to boosting the export performance of various non-oil and gas products, including agricultural and forestry products. These two types of products are Indonesia's main export products after mineral fuels, fats and oils, iron and steel, metal ores, and footwear. The ministry has implemented…
