Business News
Indonesia-India Trade Grows 20% Annually, Airlangga: Build Bridges Between "Made in Indonesia" and "Made in India"
Indonesia continues to expand its global economic presence through active participation in G20, ASEAN, BRICS, and bilateral cooperation, including with India. Coordinating Minister for Economic Affairs Airlangga Hartarto, speaking virtually at the India-Indonesia Synergy Investment Forum (6/12), highlighted that Indonesia's economy is projected to grow 5% in 2024 and 5.2%…
Biodiesel Utilization Saves IDR 120 Trillion in Foreign Exchange in 2023
The Downstream Oil and Gas Regulatory Agency (BPH Migas) reported that the implementation of B35 biodiesel saved IDR 120.54 trillion in foreign exchange throughout 2023. The program has significantly impacted Indonesia’s economy by reducing energy import dependence and fostering energy independence. According to BPH Migas Secretary Patuan Alfon Simanjuntak, the…
Ministry of Industry Opens the Floodgates for Alcoholic Beverage Exports
The Ministry of Industry (Kemenperin) has opened wide opportunities for the export of alcoholic beverages, especially premium products, which are expected to drive the growth of Indonesia’s domestic industry and provide positive economic benefits. This decision comes as part of the government’s efforts to enhance the global competitiveness of Indonesian…
The Minister of Trade Prepares a Regulation on Export Exhibition Standards
The Ministry of Trade (Kemendag) is currently drafting a Ministerial Regulation (Permendag) on standards for export exhibitions. "Every export exhibition abroad must have a standard, for example, a minimum size requirement," said Minister of Trade Budi Santoso during the National Export Discussion event "UMKM Bisa Ekspor" at the Kemendag office…
