Business News
Indonesia Exporting 25 Tons of Coffee to Egypt through Trade Offsetting Scheme
Indonesia's trading company, PT Perusahaan Perdagangan Indonesia (PPI), Member of ID Food, has become the Implementing Body for Trade Offsetting, sending 25 tons of coffee worth USD60,000 to Egypt. The export event was officiated by Didi Sumedi, Director General of National Export Development at the Ministry of Trade, along with…
Italian Economy Bounces Back in First Quarter, Says Bank of Italy
The Bank of Italy has indicated that Italy's economic output likely grew in the first quarter of 2023, thanks to eased energy costs. This would be an improvement from a decline of 0.1% in gross domestic product (GDP) in the last quarter of 2022. The central bank's quarterly economic bulletin,…
Ministry of Marine Affairs and Fisheries Reveals Strategy to Achieve 2 Million Tons of Shrimp Production Target in 2024
The Indonesian government aims to produce 2 million tons of shrimp by 2024. To achieve this, the Ministry of Marine Affairs and Fisheries (KKP) has implemented three strategic steps. These include evaluating shrimp cultivation areas, revitalizing traditional shrimp ponds to increase productivity, and building modern integrated shrimp farming areas through…
Anticipated Rise in Domestic Tourists Expected in Bali a Week Before Eid al-Fitr
The Head of Bali Provincial Tourism Office, Tjok Bagus Pemayun, predicts an increase in domestic tourist arrivals during the Eid al-Fitr holiday in 2023, with arrivals expected to start seven days before the holiday, especially from Java Island. Tjok Bagus targets a 20% increase in domestic tourists to Bali compared…
