Business News
Indonesia's Electric Vehicle Market Expected to Reach IDR 30 Trillion by 2029
The electric vehicle market in Indonesia is projected to reach a value of approximately USD 2.02 billion, equivalent to IDR 30 trillion, according to a research study conducted by Maximize Market Research. The report indicates that the market, which reached USD 533.19 million or around IDR 7.93 trillion in 2020,…
Lubricant Sector Expected to Grow by 15% Until 2026
The Director of PT Pertamina Lubricants (PTPL), Werry Prayogi, projects a 15% year-on-year growth in the lubricant business sector in Indonesia from 2021 to 2026, equivalent to an average annual growth of 3%. This growth is attributed to the increasing demand for lubricants, which is closely linked to the growth…
Vice President of Indonesia Observes the Largest Hydroponic Farm in Indonesia
Vice President of the Republic of Indonesia conduct official visit to the Riau Islands and inspect the modern hydroponic farming area of Batamindo Green Farm in Southlink Tiban, Batam. The Vice President also observed the production process of various vegetable commodities cultivated using modern hydroponic systems, resulting in high-quality and…
Central Java Economic, Trade, Investment and Tourism Corridor Holds Investment Challenge 2023 To Boost Investment
Every year, the Central Java Economic, Trade, Investment, and Tourism Corridor (KERIS JATENG) holds the Investment Challenge (IC) to provide investment portfolios ready for promotion both domestically and internationally. IC serves as a competition to compile outstanding investment projects in the 35 regencies/cities of Central Java with the involvement of…
