Business News
Indonesia Exports Electric Bicycles Worth USD 500,000 to the U.S. and Europe
Indonesia has marked a significant milestone in downstreaming by exporting domestically produced electric bicycles to the U.S. and Europe. On 3 December 2024, Trade Minister Budi Santoso officiated the export of Polygon Kalosi electric bicycles, manufactured by PT Insera Sena, from Sidoarjo, East Java. The shipment, valued at USD 500,000…
Indonesia to Receive Major Investment Inflows from China
Many Chinese entrepreneurs are eyeing Indonesia for factory relocation and investment following Donald Trump’s election as U.S. President, said Deputy Minister of Industry Faisol Riza. Speaking at the Sarasehan 100 Economists forum on December 3, 2024, Riza revealed growing requests from Chinese businesspeople to engage with Indonesian industrial authorities. He…
Investment Realization in Indonesia Hits IDR 1,261 Trillion by Q3 2024, Surpassing Bappenas Strategic Plan Target
Indonesia's investment realization from January to September 2024 reached IDR 1,261.43 trillion, or 76.45% of the IDR 1,650 trillion annual target, according to Minister of Investment and Downstreaming Rosan Perkasa Roeslani. The figure exceeds Bappenas' strategic plan target of IDR 1,239.3 trillion. Addressing Commission XII of the Indonesian Parliament on…
ICA-CEPA Has the Potential to Increase Canadian Investment and Open Export Opportunities for Indonesian Products
Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, stated that the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) has the potential to facilitate and increase Canadian investment in Indonesia. In addition to investment, Anindya emphasized that ICA-CEPA will provide Indonesian products with greater access to Canadian markets…
