Business News
Indonesian Government Prepares Incentives to Boost Automotive Industry
The Indonesian automotive industry faces challenges this year as declining demand for new vehicles has forced a sales target revision from 1.1 million units to 850,000 units. Yohannes Nangoi, Chairman of Gaikindo, stated that all automakers are feeling the impact, with concerns that difficulties may persist into next year due…
Downstreaming of Shrimp to Rice Strengthens National Exports
In a recent dissemination event held in Surabaya on Wednesday, November 20, 2024, experts emphasized the need for downstreaming of key agricultural commodities, including shrimp, seaweed, TTC (tuna, tongkol, cakalang), and rice. These commodities are crucial due to their high export demand, and improving their performance is essential to maximizing…
Prices Rise, Indonesia's Coffee Export Value Soars
Coffee producers and exporters in Indonesia are experiencing a boost in profits due to a significant rise in the value of the country’s coffee exports. According to the Central Statistics Agency (BPS), the export value of agricultural, forestry, and fishery products increased by 23.47% year-on-year (yoy), growing from USD 3.67…
Rubaru Onions Break into the Export Market
Koperasi Permata Indah Rubaru (PIR) has been working towards making Rubaru red onions from Sumenep widely recognized and a preferred choice among consumers. This goal has gained momentum with a recent export order for fried onions to the Netherlands. The cooperative has signed an export contract valued at USD 400,000,…
