Business News
The Cosmetic Industry Market Value is Projected to Reach IDR 161 Trillion in 2025
The Chairman of the Indonesian Cosmetic Companies Association, Sancoyo Antarikso, explained that the cosmetic industry is divided into two categories: beauty and personal care. The beauty category has been the main driver of the cosmetic industry's growth. He estimated that the market value for beauty and personal care this year…
The Ministry of Industry Strengthens the Petrochemical Industry Through the Provision of Competent Human Resources
The Ministry of Industry (Kemenperin) is committed to accelerating the development of Indonesia’s petrochemical industry by ensuring the availability of competent human resources to meet domestic market demands. Petrochemical products, which serve as key raw materials for sectors like plastics, textiles, synthetic rubber, cosmetics, cleaning agents, and pharmaceuticals, are considered…
NTB Optimistic Exports Will Remain Resilient Amid Economic Storm
The province of West Nusa Tenggara (NTB) is expected to maintain strong export resilience despite ongoing global economic turbulence. NTB’s key export products, especially food commodities like candlenuts and vanilla, continue to see stable demand due to their high quality and essential nature. According to the Head of Bank Indonesia…
Bali’s Economy Grows 5.52% in Q1 2025, Surpasses National Average
Bali’s economy grew by 5.52% year-on-year (yoy) in Q1 2025, improving from 5.19% in the previous quarter and outperforming the national growth rate of 4.87%. This achievement placed Bali as the province with the 8th-highest economic growth nationwide. Bank Indonesia’s Bali Representative, Erwin Soeriadimadja, stated that this growth indicates strong…
