Business News
The Government Prepares Special Strategy to Dominate the Non-Traditional Furniture Market
The Indonesian government, through the Ministry of Industry (Kemenperin), is implementing strategic measures to expand the market for non-traditional furniture products, recognizing the high added value and importance of this sector to the national economy. As part of this strategy, Kemenperin participated in the IndexPlus Delhi 2024 exhibition in India,…
Trade Balance Surplus Expected to Increase to USD 2.67 Billion in July 2024
Indonesia's trade balance in July 2024 is expected to maintain a surplus, with projections suggesting an increase to USD 2.67 billion, up from USD 2.39 billion in the previous month. This growth is driven by an increase in exports, which outpaced the rise in imports. According to Josua Pardede, Chief…
Great! Indonesia's Tuna Exports to Japan Now Duty-Free
Indonesia's tuna exports and certain related products have recently gained duty-free access to Japan, a development expected to enhance the competitiveness and investment potential of Indonesia's tuna industry. Budi Sulistiyo, Director General of Product Competitiveness Strengthening at the Ministry of Maritime Affairs and Fisheries (KKP), announced that four tariff lines…
The Government Focuses on Increasing Exports of Tradable Goods
The Indonesian government remains committed to strengthening export performance as a strategic measure to stabilize the IDR exchange rate and support national economic growth. The primary focus is on increasing exports of tradable goods, which include key sectors such as agriculture, forestry, fisheries, mining, and manufacturing. Minister of National Development…
