Business News
Hainan Free Trade Port Strengthens Oversight of Duty-Free Industry
Since the launch of its master plan in June 2020, China has aimed to develop Hainan into a globally influential free trade port by mid-century. In recent years, the province has rapidly grown into an international hub for tourism and consumer spending, with duty-free shopping at the center of this…
All Industrial Sectors to Benefit from IEU-CEPA Completion
The Indonesian Ministry of Trade has announced that all domestic industrial sectors stand to gain once the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is finalized. According to Djatmiko Bris Witjaksono, Director General of International Trade Negotiations, the agreement will provide broader market access for various processed commodities, with strong…
Strengthening Economic Stability, Government Rolls Out IDR 24.44 Trillion Stimulus Package
The Indonesian government has officially launched an economic stimulus package worth IDR 24.44 trillion as part of its efforts to sustain economic growth and enhance national stability. This initiative was announced by Finance Minister Sri Mulyani Indrawati following a limited cabinet meeting with President Prabowo Subianto at the Presidential Palace…
Boosting Growth, OJK Fully Supports Government's Six Economic Stimulus Policies
The Financial Services Authority (OJK) has reaffirmed its strong support for six economic stimulus measures initiated by the government to spur national economic growth. Chairman of the OJK Board of Commissioners, Mahendra Siregar, emphasized OJK’s commitment to enhancing the role of financial institutions, especially in improving financing access for Micro,…
