Business News
Indonesia's First Oolong Tea Export to Vietnam
PT Perkipunan Nusantara (PTPN) has achieved a significant milestone by exporting its first batch of oolong tea to India in collaboration with PT Suntory Garuda Beverage Company. This marks the beginning of a strategic partnership aimed at supplying high-quality beverage raw materials globally, with a focus on the Asian market.…
Minister Airlangga: Indonesia is a Global Destination for Property Investment
Indonesia stands out as a prime global property investment destination, driven by its substantial market size and various favorable factors. Coordinating Minister for Economic Affairs, Airlangga Hartarto, noted that Indonesia, with its fourth-largest population worldwide at around 273 million people, is poised for increased property demand, particularly in the realm…
Indonesia's Manufacturing PMI Still Expansive, Outperforming Europe and the US
The national manufacturing sector continues to show resilience amidst global economic dynamics. In August 2023, Indonesia's Manufacturing Purchasing Managers' Index (PMI) reached 53.9, surpassing Europe's 43.5, the United States' 47.9, and Japan's 49.6. This was highlighted by Finance Minister Sri Mulyani during the APBN KiTa Press Conference in September 2023.…
Downstream Processing Can Boost Furniture Exports up to USD 5 Billion
The utilization of technology through the industrialization program is seen as a significant boost to Indonesia's furniture and craft exports. Abdul Sobur, the chairman of the Presidium of the Association of Indonesian Furniture and Craft Industries (HIMKI), highlighted this during the International Manufacturing Components (IFMAC) & Woodworking Machinery Exhibition (WOODMAC)…
