Business News
Government Reassesses Criteria for Electric Vehicle Incentives
The government is evaluating the electric motorcycle purchase incentive program, which has seen low demand despite offering a subsidy of IDR 7 million per unit. One consideration is easing the eligibility requirements to make it easier for people to qualify. Moeldoko, Head of the Presidential Staff Office (KSP), stated that…
Indonesia’s Fishery Resources Have a Potential of Over 12 Million Tons Annually
The US Ambassador to Indonesia, Sung Y. Kim, emphasized that the United States is one of the world's top destinations for seafood exports. Supported by data from the International Trade Centre in 2020, the value of US seafood imports accounted for approximately 15.34% of the total global seafood import value,…
Digitalization of Farmers to Propel the Indonesian Gloves Industry
The Directorate General of Social Forestry and Environmental Partnership (Ditjen PSKL) announced that latex produced from social forestry rubber has successfully been transformed into latex gloves ready for export worldwide. This was conveyed by the Director General of PSKL, Bambang Supriyanto, during his visit to the latex glove manufacturer, PT…
UOB Encourages Industry Stakeholders to Promote the Growth of the Palm Oil Sector
United Overseas Bank (UOB) Indonesia, in collaboration with South Pole, organized the conference "Climate Journey: Steering Change in the Palm Oil Sector in Asia" on Wednesday (July 12, 2023). The event showcased the company's commitment to encouraging stakeholders in Indonesia to seize opportunities in the energy transition era, including through…
