Business News
East Kalimantan Set to Soar: Predicted 5% Economic Growth for 2023
The economic growth of East Kalimantan (Kaltim) is predicted to increase in 2023. Bank Indonesia predicts that the economic growth of Kaltim will even reach up to 5.10% year on year (yoy) in 2023. The Head of the Bank Indonesia Representative Office (KPw BI) of Kaltim, Ricky P Gozali, explained…
From Local to Global: Indonesia's Textile, Footwear, and Leather Industries Poised for Export Domination
Indonesia's economy managed to grow positively by 5.31% year on year (YoY) in 2022, despite facing tough challenges and the threat of recession. One of the sectors that catalyzed the national economic performance is the Textile and Textile Products (TPT) and Footwear industry sector. Deputy for Coordination of Trade and…
PM Urges Swift Reform of EU Electricity Market to Meet Climate Goals
According to government sources, Prime Minister Kyriakos Mitsotakis recently addressed the European Council meeting, emphasizing the importance of electricity market reform and more long-term planning. Mitsotakis highlighted that this is the ideal time for such reforms to take place in order to fully utilize the benefits of renewable energy sources…
Italian Economy Minister Suggests Potential for Exceeding Initial Economic Growth Projections
Italy's Economy Minister, Giancarlo Giorgetti, recently spoke to parliament about the potential growth of the country's gross domestic product (GDP). Giorgetti indicated that the growth rate could be faster than the estimates provided by the government in November of last year. This news provides a promising outlook for Italy's economic…
