Business News
LPEI and Bio Farma Support Indonesia's Pharmaceutical Exports to 160 Countries
The Indonesia Eximbank (LPEI) has provided a working capital export credit facility worth IDR 300 billion to PT Bio Farma (Persero) through the Pharmaceutical and Medical Devices Export Special Assignment (PKE) program. This credit facility underscores LPEI’s commitment to enhancing the global competitiveness of Indonesia's pharmaceutical industry. The partnership between…
Export Value of Fish from Riau Islands Reaches IDR 354 Billion
The Animal, Fish, and Plant Quarantine Center (BKHIT) of Riau Islands (Kepri) reported that the region’s fish export value reached approximately IDR 354 billion annually. "For instance, in 2023, the volume of fresh fish exports was around 12,843 tons, equivalent to IDR 354 billion," said Dwi Sulistiyono, Acting Head of…
Batam Targets Rp115 Trillion in Investment Per Year to Boost Economic Growth
The Batam Free Trade Zone Authority (BP Batam) in Riau Islands is targeting an average annual investment of IDR 115 trillion over the next five years (2025-2030) to support a national economic growth of 8 percent. Muhammad Rudi, the Head of BP Batam and Mayor of Batam, is optimistic that…
Ministry of Industry Designs Monitoring Strategy for Petrochemical Imports
The Indonesian Ministry of Industry (Kemenperin) is developing a monitoring strategy for the petrochemical sector by refining the commodity balance system to track supply and demand more accurately. According to Wiwik Pudjiastuti, Director of Upstream Chemical Industry at Kemenperin, the system will provide data-driven insights into supply and demand dynamics,…
