Business News
A Success Story from Ciamis Building a Wood Business and Exporting to 17 Countries
Yudi Eko Santosa's determination, perseverance, and willingness to take risks have led to the success of his wood processing business. Exiting his job after 17 years of service with Perhutani, Yudi founded PT Kaytama Sentra Delta in Ciamis, West Java. Under this banner, Indonesian wood products have penetrated the export…
Tourism: Foreigners Spend EUR 13.8 Billion in Bars and Restaurants
The recovery of foreign tourism is boosting spending in public establishments. In the past year, the over EUR 65 million foreigners who visited Italy spent an average of over EUR 212 per person on breakfasts, lunches, dinners, and drinks, totaling over EUR 13.8 billion, the highest amount since 2019. This…
Downstream Projects Aid East Java Investments to Reach IDR 145 Trillion
The cumulative investment realization in East Java (Jatim) for 2023 reached IDR 145.1 trillion, driven by increased foreign direct investment (FDI) and domestic direct investment (DDI) in the region. According to data released by Bahlil Lahadalia, the Minister of Investment/Head of the Indonesia Investment Coordinating Board (BKPM), on January 24,…
Indonesia-Australia Push for Mutual Benefit in Trade and Investment
Deputy Foreign Minister Pahala Nugraha Mansury advocates for enhancing mutually beneficial trade and investment cooperation with Australia. This stance was articulated during his meeting with Australia's Deputy Minister of Trade and Deputy Minister of Manufacturing, Tim Ayres, in Jakarta on January 26. Deputy Foreign Minister emphasizes the need for a…
