Business News
Indonesia Receives USD 1.3 Billion Investment Proposal for Electric Vehicle Industry
Minister of Maritime Affairs and Investment Coordination, Luhut Binsar Pandjaitan, revealed that Indonesia has received a USD 1.3 billion investment proposal for the electric vehicle industry. The proposal, submitted by a prominent global electric vehicle manufacturer, aims to establish a manufacturing plant and distribution network in Indonesia, accelerating the development…
Sandi: Indonesian Cuisine in the Netherlands Holds Potential to Boost Spice Exports
Minister of Tourism and Creative Economy (Menparekraf), Sandiaga Uno, highlighted the presence of approximately 400 Indonesian culinary businesses scattered across the Netherlands, which holds the potential to boost the export of spices and herbs from Indonesia. Sandiaga stated that the large number of Indonesian culinary businesses in the Netherlands, including…
Non-Oil and Gas Exports from Riau Show Strong Growth
Riau has recorded a significant increase in its export sector in May 2023. According to data released by the Central Statistics Agency (BPS) of Riau, the export value of Riau Province reached USD 1.41 billion in that month, experiencing a growth of 8.14% compared to April 2023. Similarly, non-oil and…
Chemical, Pharmaceutical, and Textile Industries Sector Export Value Reaches USD 11.35 Billion in Q1-2023
In the first quarter of 2023, the contribution of the IKFT sector to the national gross domestic product (GDP) reached 3.88%. In 2022, these sector's exports reached USD 53.97 billion. The leading sectors in export are the chemical industry and chemical products amounting to USD 21.41 billion, and the ready-made…
