Business News
South Kalimantan (Kalsel) Halal Fair lends support to Indonesia's Position as a Global Halal Industry Hub
Governor of South Kalimantan (Kalsel), Sahbirin Noor, stated that the National Halal Fair Kalsel 2024 will support Indonesia in becoming a center for halal product industries globally. "South Kalimantan is one of the 12 provinces in Indonesia organizing the National Halal Fair 2024 during Ramadan. This event is a significant…
Textile Entrepreneurs Welcome Tightening Import Surveillance Regulations
The Indonesian Textile Association (API) has expressed approval of the government's decision regarding the implementation of Minister of Trade Regulation (Permendag) 36 of 2023, which underwent slight modifications in Permendag 3 of 2024. Jemmy Kartiwa, the Chairman of API, emphasized the significance of Permendag for the domestic textile industry, foreseeing…
Trade Balance Records Surplus of USD 0.87 Billion in February 2024
Indonesia's trade balance showcased a surplus in February 2024, amounting to USD 0.87 billion. This surplus comprised a non-oil and gas surplus of USD 2.63 billion and a trade deficit in oil and gas of USD 1.76 billion. This marks Indonesia's 46th consecutive month of recording a trade surplus. Trade…
Consumption and Investment Drive Economic Growth in Indonesia
Investment plays a crucial role in driving Indonesia's economic growth towards realizing its vision of becoming a developed nation by 2045. The surge in both domestic and foreign investments serves as a fresh impetus for the development of various economic sectors. Indonesia witnessed a robust economic growth of 5.05% (yoy)…
