Business News
Crude Palm Oil Exports Contribute the Highest Revenue to Aceh
Crude Palm Oil (CPO) exports have become the largest contributor to the Aceh region's Original Local Revenue (PAD). It accounts for approximately 66.38% or IDR 35.79 billion as of June 30th. The Head of the Regional Office of the Directorate General of Customs and Excise (Kanwil DJBC) in Aceh stated…
Jayapura Port Driven To Become An Export Port
The Jayapura City Government is pushing for the development of the Jayapura container port, also known as Jayapura Port, as an export port for the Eastern Indonesia and Pacific regions. The government encourage the optimization of Jayapura Port as an export port, especially for exports in the Pacific and East…
NTB's Muslim Fashion Industry Driven to Penetrate the Global Market
The Muslim fashion industry has been experiencing rapid growth both in Indonesia and globally, with projected Muslim spending worldwide reaching USD 375 billion in 2025, compared to USD 295 billion in 2021. Bank Indonesia (BI), through its representative in West Nusa Tenggara (NTB), Heru Saptaji, is consistently developing the modest…
The Halal Industry Needs to be Boosted to Become a Mainstay of Exports
The Indonesian halal industry has immense potential and should be further developed to become a leading global player, according to Teguh Dartanto, the Dean of the Faculty of Economics and Business at the University of Indonesia (UI). With a Muslim middle-class population and a strong creative industry in this sector,…
