Business News
Italy increased steel production by 9% m/m in October
In October 2024, Italian steel production saw a notable increase of 9% compared to the previous month, reaching 1.96 million tons, which also represented a 2.2% rise from the same period in 2023. According to data from the Italian Federation of Steelworkers (Federacciai), the production of long products remained stable…
Contribution of Batik Product Exports to National Exports Reaches USD 11.52 Million
The batik industry plays a crucial role in preserving Indonesia's culture while contributing significantly to the national economy. According to data from the Central Statistics Agency (BPS), from January to September 2024, batik exports contributed USD 11.52 million to national exports. However, the industry has faced challenges in the last…
The Ministry of Trade (Kemendag) Targets 7.1% Export Growth in 2025, Higher than 2024
The Ministry of Trade (Kemendag) has set an ambitious target for exports to grow by 7.1% in 2025, with the export growth for this year projected at 5.06%. This target is part of a broader strategy to support President Prabowo Subianto’s goal of achieving an 8% economic growth by 2029.…
Retail Sector Projected to Bolster Indonesia's Economy in 2025
The retail and consumer sectors are anticipated to drive Indonesia's economic growth in 2025, according to venture capital firms in the country. Data from Statistics Indonesia (BPS) indicates that household consumption grew by 4.91% YoY in Q3 2024, contributing 53.08% to Indonesia's GDP. Venture Partner Init-6, Rexi Christopher, expressed optimism…
