Business News
The Minister Of Trade (Mendag) Launches The Export Of Palm Oil Derivative Products To India
The Minister of Trade (Mendag), Budi Santoso, officially launched the export of ten containers of palm oil derivative products, including oleochemicals such as split fatty acids and crude glycerine, valued at 420,000 US dollars (approximately IDR 6.75 billion) to India. The export release took place on Tuesday in Deli Serdang,…
Kemenperin Prepares Strategies to Support 8 Percent Economic Growth Target
The Ministry of Industry (Kemenperin) has revealed that it is preparing strategies to enhance the performance of the chemical, pharmaceutical, and textile industries (IKFT) in the coming years, with the goal of supporting an 8% economic growth target. One of the key strategies includes boosting investments through policies that facilitate…
Indonesia Exports Oleochemical Products to India, Valued at IDR 6.75 Billion
The Indonesian Minister of Trade, Budi Santoso, officially inaugurated the export of oleochemical products, including split fatty acid and crude glycerine, to India. The shipment, valued at USD 420,000 (equivalent to IDR 6.75 billion), originates from PT VVF Indonesia, a subsidiary of the VVF Group. The ceremonial event took place…
Indonesia and China Drive Global Coal Consumption to Record High
Global coal consumption is projected to hit a record high in 2024, according to the International Energy Agency (IEA). Demand is expected to surpass 8.9 billion tons this year, marking the third consecutive annual peak. This resurgence follows a dip during the Covid-19 pandemic and coincides with predictions that 2024…
