Business News

Ministry of Trade Encourages Creative Industry to Enter Global Market

The Ministry of Trade (Kemendag), through the Directorate General of National Export Development (PEN), has signed two cooperation agreements with several partners to promote small and medium enterprises (SMEs) and creative industry players in the animation, comic, game (ACG), and licensing-merchandising sectors to enter international markets. "Through this collaboration, I…

The Potential of Indonesia's Ornamental Fish Exports

Prospective buyers examined ornamental fish for sale at the Parung Ornamental Fish Market in Bogor Regency, West Java, on Monday, May 20, 2024. The Ministry of Marine Affairs and Fisheries (KKP) reported that the ornamental fish business and its derivatives have positioned Indonesia as the largest ornamental fish exporter in…

Textile Exports to Dubai: Indonesia Expands Non-Traditional Markets with USD 350,000 Deal

The textile and garment market in the Middle East is projected to grow significantly over the next five years, with an annual growth rate of 7%. The fashion market in this region is valued at USD 89 billion. According to Antara news agency, Indonesia's current allocation of textile and garment…

Trade Balance Surplus Maintains External Resilience of Indonesian Economy

The continued trade balance surplus in April 2024 primarily stems from a robust non-oil and gas (nonmigas) trade surplus. The nonmigas trade balance recorded a surplus of USD 5.17 billion in April 2024, bolstered by strong nonmigas exports amounting to USD 18.27 billion. This positive performance in nonmigas exports is…
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