Business News
The Ministry of Trade and the Ministry of Creative Economy signed a MoU on Creative UMKM Product Development
On 23 March 2025, Minister of Trade Budi Santoso and Minister of Creative Economy Teuku Riefky Harsya signed a Memorandum of Understanding (MoU) on Creative Micro, Small and Medium Enterprises (UMKM) Product Development, which aims to enhance the development of UMKM in the creative product sector, fostering its resilience, innovation…
Ministry of Industry Proposes Six-Month Export Ban on Coconut, Here's Why
The domestic coconut processing industry is facing raw material supply issues, leading to decreased productivity and utilisation. This has a detrimental effect on the sustainability of industrial activities and the number of employees. Considering the raw material shortage affecting the domestic coconut processing industry, the Director General of Agro-Industry of…
NTT is the Right Target for Salt Industry Development
The salt industry in East Nusa Tenggara (NTT) holds significant potential to become a national production hub due to its vast land suitable for salt ponds, high seawater salinity, and favorable climate with low rainfall. Economic analyst from Undana, Ricky Ekaputra Foeh, M.M., stated that NTT is an ideal region…
Jatim Talk 2024 Discusses Strategies for Accelerating East Java's Economy
Bank Indonesia's East Java Representative Office, in collaboration with the Indonesian Economic Scholars Association (ISEI) Surabaya, recently held the Jatim Talk economic seminar in Surabaya. This forum served as a platform for stakeholders to discuss strategies for boosting productivity and innovation to strengthen East Java’s inclusive and sustainable economy. In…
