Business News
Indonesia to Develop Semiconductor Industry with US and Japan as Co-Investors
Coordinating Minister for Economic Affairs Airlangga Hartarto has announced Indonesia’s plans to develop its semiconductor industry, with the United States and Japan ready to become co-investors. Speaking at the 2024 National Investment Coordination Meeting in South Jakarta on Wednesday, 11/12/2024, Airlangga emphasized the importance of reducing Indonesia’s dependency on raw…
Indonesia's Trade Surplus Grows 10.2% to USD 24.4 Billion Amid Global Uncertainty
Indonesia's trade balance has maintained a surplus for 54 consecutive months, reaching USD 24.4 billion as of October 2024, despite global economic challenges. Minister of Finance Sri Mulyani Indrawati highlighted this achievement during the presentation of the 2025 State Budget Implementation List (DIPA) and the launch of the 6.0 electronic…
Ministry of Industry Encourages Export of Local Alcoholic Beverages
The Ministry of Industry (Kemenperin) is opening significant opportunities for the export of local alcoholic beverages, leveraging domestic production surpluses and the vast potential of international markets. "We support exports through promotion and strengthening of branding," said Putu Juli Ardika, Director General of Agro Industry at Kemenperin, during a visit…
Market Coverage, SOE Holding Helps Local MSMEs Explore Export Opportunities
UMKM (Micro, Small, and Medium Enterprises) in Indonesia have long been a key pillar of the national economy, contributing more than 60% to GDP and creating almost 97% of job opportunities. The role of UMKM has become even more vital, especially during the Covid-19 pandemic, which demonstrated that this sector…
