Business News
East Java's Exports to China Soar by 43.25%, Becoming the Largest Market Share
China has become the main destination for non-oil and gas (nonmigas) exports from East Java (Jatim) in October 2024. According to the East Java Central Statistics Agency (BPS Jatim), nonmigas exports to China reached USD 360.92 million, making it the largest market share for East Java’s exports. BPS Jatim's data…
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…
