Business News
Sunra Invests USD 120 Million to Establish Electric Motorcycle Factory in Indonesia
PT Sunra Asia Pacific Hi-Tech, also known as Sunra Indonesia, has commenced the construction of an electric motorcycle factory in the Kendal Industrial Zone, Central Java. The groundbreaking ceremony held on Friday (3/5) marked the initiation of this development. Zhang Chongshun, Chairman of Sunra Group, emphasized that the establishment of…
The Port of Nipah Panjang Emerges as the Gateway for Direct Coconut Exports from Tanjab Timur to Overseas Markets
The port in Nipah Panjang District, Tanjung Jabung Timur Regency, has emerged as a beacon for Indonesia's export activities, becoming the sole port in the region facilitating direct exports abroad. This strategic move aims to enhance maritime connectivity and bolster the local economy, particularly benefiting coconut farmers. Since July 2023,…
The Market Holds Great Promise: Indonesian Coffee Products in High Demand Among South Korean Consumers
The Indonesian Ministry of Trade (Kemendag) facilitated a business exploration event for Indonesian coffee products in Busan, South Korea, on April 30, 2024, through the Indonesian Trade Promotion Center (ITPC) Busan. The business exploration resulted in a potential transaction of USD 1.71 million or approximately IDR 27.53 billion, underscoring South…
Deputy Minister of Trade Jerry: Electric Vehicle Industry Continues to Flourish Thanks to Indonesia's Success in Maintaining Economic Stability
Deputy Minister of Trade Jerry Sambuaga highlights Indonesia's success in maintaining economic resilience and political stability, fostering significant potential for the electric vehicle (EV) industry. Despite global economic complexities, Indonesia's favorable economic growth and political stability provide an opportune environment. Indonesia's trade surplus reached USD 4.47 billion in March 2024,…
