Business News
Electric Vehicle Sales Surge Sharply in Q1-2024
In 2024, the electric vehicle (BEV) market in Indonesia experienced remarkable growth, with wholesale sales soaring by 228.05% compared to the previous year, reaching 5,882 units in the first quarter alone. This surge is attributed to the introduction of new brands and competitive pricing, fueled by the ongoing 1% VAT…
Sulawesi Selatan Unveils Largest Port in Eastern Indonesia, Garnering IDR 5.4 Trillion Investment
Recently inaugurated on February 22, 2024, is a major port located in South Sulawesi Province. Known as Makassar New Port, it stands as the largest port in the eastern region of Indonesia, aimed at streamlining logistics costs within the country. The port's development involved an investment totaling IDR 5.4 trillion,…
Indonesian Tin Exports Reach 3,858 Metric Tons in March
In March 2024, Indonesia's refined tin exports reached 3,858.35 metric tons, marking a decrease of 19.4% year-over-year compared to March of the previous year when exports reached 4,784.89 metric tons. However, there was a significant increase in tin exports compared to the preceding two months of January and February 2024,…
Ministry of Trade Drives Indonesian Agricultural Products into Australian Market, Mangosteen in High Demand
The Ministry of Trade (Kemendag), through the RI Trade Attaché in Canberra, is actively promoting Indonesian agricultural products to enter the Australian market. The RI Trade Attaché in Canberra, Agung Haris Setiawan, stated that this effort is part of the implementation of the economic relations between Indonesia and Australia following…
