Business News
Italy's 7.4 Billion Investment in Bicycle Tourism, PNRR Allocates 600 Million for Development
Bicycle tourism in Italy has become a billion-dollar business, with 6.3 million tourists choosing bicycles as their preferred mode of transportation in 2022. This generated an economic impact of EUR 7.4 billion. Although Italy lags behind other European nations, there is a growing investment in cycling. A study by Banca…
East Java Coffee Exports Dominate Egyptian Market with 2,000-Ton Transactions
The Indonesian Embassy in Egypt is facilitating coffee entrepreneurs from East Java to further develop the coffee export market to Egypt. This includes the efforts of Hariyanto, a coffee business owner from East Java who has been doing business with Egypt for over 20 years. Hariyanto shared that his company…
Industry Players Laud Accelerated Investment in Batam
The number of Foreign Direct Investment (FDI) projects in Batam City, Indonesia, increased by 100.97% in the first quarter of 2023 compared to the same period in 2022, according to the Investment Coordinating Board (BKPM). This growth represents an additional 415 projects, bringing the total to 826 FDI projects. Domestic…
Jokowi's Green Taxonomy Initiative: Reviving Indonesia's Economy
President Joko Widodo encourages collaboration between the financial services sector and the real sector to support national economic recovery. At the 2022 Financial Services Industry Annual Meeting, Jokowi appreciated the good coordination between the Financial Services Authority (OJK) and underlined the importance of mutually supporting these two sectors. Jokowi also…
