Business News
BKPM States Investment in Machinery and Electronic Industry Sector Increases by 34.5%
The domestic machinery and electronics industry sector has experienced increased investment, both from Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI). The Ministry of Investment/BKPM noted that investment in Indonesia's machinery and electronics sector has averaged a 34.5% increase annually over a 5-year period from 2019 to 2023. In…
In February 2024, North Kalimantan Exported Non-Oil and Gas Goods Worth IDR 1.23 Trillion to China
The Central Statistics Agency (BPS) of North Kalimantan province reported that the region exported non-oil and gas products, including coal, marine products, and timber to China amounting to USD 98.25 million or IDR 1.36 trillion in February 2024. Besides China, North Kalimantan also exported significant amounts to India (USD 90.76…
Positive Performance of Car Exports from Indonesia Maintained in March 2024
In March 2024, Indonesia's automotive export industry witnessed a significant rebound, as reported by the Indonesian Automotive Industries Association (Gaikindo). The total exports of completely built-up (CBU) vehicles surged to 40,456 units, marking a remarkable 16.3% increase compared to the previous month. This uptick reflects a return to normal shipping…
Indonesian Coffee Dominates the Egyptian Market, Export Value Reaches IDR 1.46 Trillion
Indonesian coffee products have successfully dominated the coffee market in Egypt, with export values totaling USD 92.96 million or IDR 1.46 trillion in 2023. This export value constitutes 42.69% of the coffee market share in Egypt, making Indonesia the largest coffee exporter to Egypt globally. According to Indonesian Ambassador to…
