Business News
Indonesia Emerges as the World's Largest Freshwater Ornamental Fish Exporter
Minister of Cooperatives and SMEs, Teten Masduki, highlighted the significant market potential of Indonesia's ornamental fish industry. In 2022, Indonesia's ornamental fish exports reached USD 36.4 million, placing the country among the top five global exporters. Specifically, Indonesia ranks third for freshwater ornamental fish and fourth for marine ornamental fish…
Indonesian Government Seeks Foreign Investors for New Bauxite Plant Development
The Ministry of Energy and Mineral Resources (ESDM) is inviting investors to participate in the development of bauxite processing and refining facilities (smelters) in Indonesia. To date, progress in constructing domestic bauxite smelters has been inadequate. ESDM Minister Arifin Tasrif stated that the government has long encouraged bauxite entrepreneurs to…
Investment in New Capital City Reaches IDR 51.3 Trillion, OIKN Reports Direct Investment
The Nusantara Capital Authority (OIKN) has announced that the total investment in the development of the new capital city, Ibu Kota Nusantara (IKN), has reached IDR 51.3 trillion. Agung Wicaksono, Deputy for Funding and Investment at OIKN, stated that this investment is the cumulative result of groundbreaking activities conducted by…
Bali's Economy Surpasses National Growth, BI Commends Mahendra Jaya
Deputy Governor of Bank Indonesia (BI), Doni Primanto Joewono, praised Bali's Acting Governor, Made Mahendra Jaya, for the region's impressive economic growth. In the first quarter of 2024, Bali's economy grew by 5.98%, surpassing the national growth rate of 5.11 % and improving from 5.86% in the same period in…
