Business News
Halal Certification Boosts Indonesian MSMEs’ Global Market Potential
Halal certification is increasingly recognized in Indonesia as a strategic advantage that enables micro, small, and medium enterprises (MSMEs) to expand beyond domestic boundaries and access larger international markets. By meeting standardized halal requirements, products from Indonesian MSMEs gain enhanced credibility and competitiveness, especially in Muslim-majority regions where demand for…
Every USD 1 Oil Price Increase Could Add Up to IDR 4 Trillion to Indonesia’s Fuel Subsidies
Indonesia stands poised to face higher energy costs as global crude oil prices rise amid ongoing geopolitical tensions, particularly between the United States and Iran. An economist from Paramadina University estimates that for each USD 1 increase in global oil prices, the government’s fuel subsidy bill could expand by up…
China Emerges as the Leading Destination for Riau’s Non-Oil and Gas Exports
Riau Province recorded a significant trade surplus of USD 1.22 billion in January 2026, primarily driven by a robust performance in the non-oil and gas sector. Total export value for the period reached USD 1.85 billion, marking a substantial 23.16 percent increase compared to the same month in the previous…
Processing Industry Anchors Indonesia's Export Growth in Early 2026
The processing industry has emerged as the sole sector to record positive growth in Indonesia's January 2026 export performance, rising by 8.19 percent to reach USD 18.51 billion. This robust achievement effectively balanced the contractions observed in the agricultural and mining sectors during the same period. Leading the surge, Crude…
