Business News
Indonesia Expands Steel Export Strategy Toward Middle East Markets
Indonesia is strengthening its strategy to diversify steel export destinations by targeting the Middle East, aiming to reduce reliance on a single major market and enhance industry resilience. The government emphasized the importance of broadening export reach to mitigate risks associated with overdependence, particularly as global economic conditions remain dynamic.…
World Bank Revises Indonesia Growth Outlook with Continued Economic Resilience
The World Bank has updated Indonesia’s economic growth projection for 2026 to 4.7%, slightly below its earlier estimate of 4.8%, reflecting a more measured outlook amid evolving global conditions. The adjustment considers factors such as external market dynamics, commodity price fluctuations, and investment trends, while still recognizing Indonesia’s solid economic…
Indonesia Gains Strong Momentum for Green Steel Transition
Indonesia is witnessing a robust commitment from industry players to accelerate the transition toward green steel, signaling a positive shift toward sustainable industrial development. The government highlighted strong collaboration with the Indonesian Iron and Steel Industry Association (IISIA), emphasizing that industry stakeholders are ready to adopt low-carbon technologies supported by…
Indonesia Strengthens Export Diversification Through I-EAEU FTA
Indonesia is accelerating the implementation of the Indonesia–Eurasian Economic Union Free Trade Agreement (I-EAEU FTA) to diversify its export markets amid rising global protectionism. The initiative was highlighted during the 7th Indonesia–Russia Working Group on Trade, Investment, and Industry meeting in Jakarta, where both countries emphasized the strong untapped potential…
