Business News
Electric Vehicle Ecosystem Taking Shape, Investment Value Surpasses IDR 3 Trillion
The Ministry of Industry (Kemenperin) is reported to be collaborating with companies responsible for producing electric vehicle batteries, including the Indonesia Battery Corporation (IBC). IBC, in particular, is a State-Owned Enterprise (SOE) that plays a pivotal role in the Battery Electric Vehicle (BEV) and EV ecosystem in Indonesia. These progressive…
President Jokowi and Prime Minister Meloni Discuss Cooperation and Italian Investments in Indonesia
Indonesian President Joko Widodo (Jokowi) and Italian Prime Minister Giorgia Meloni discussed several areas of cooperation and Italian investments in Indonesia during a bilateral meeting held at Bharat Mandapam, IECC, Pragati Maidan, New Delhi, India, on Sunday. Regarding investments, President Jokowi welcomed the increased investments from Italy in Indonesia. Indonesia…
Upfield Indonesia Launches Export of Local Margarine Products to 12 Countries
Upfield Indonesia has initiated the export of one of its flagship margarine products, BlueBand, at the PT Upfield Manufacturing Indonesia factory in Cikarang, West Java. This activity is part of Upfield Indonesia's efforts to boost production and expand its export reach, optimizing Indonesian manpower and expertise, with the support of…
Indonesia's Inaugural Export of Gold jewellery Worth USD 6.98 Million to Dubai, Duty-Free as IUAE-CEPA Implementation
Indonesia has successfully exported gold jewellery worth USD 6.98 million to the United Arab Emirates (UAE) without incurring import duties. The gold jewellery arrived at Dubai Airport without any obstacles. This gold jewellery export leveraged the Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (IUAE-CEPA) and marked the first duty-free export…
