Business News
Import Duty Incentives to Boost Geothermal Investment in Indonesia
The Indonesian Employers' Association (APINDO) has stated that import duty incentives for geothermal equipment will drive further investment in the sector. APINDO’s Vice Chair of Public Policy, Chandra Wahjudi, highlighted Indonesia's significant geothermal energy potential—around 24,000 MW or approximately 40% of the world’s geothermal reserves. According to Chandra, import duty…
INSPIRA 2024 Aims to Elevate Small and Medium Industries in Indonesia
The Fashion and Creative Industry Empowerment Center (BPIFK) is organizing the Investasi & Sinergi Produk IKM Nusantara (INSPIRA 2024) event on November 9-10, 2024, in Jakarta. This initiative seeks to strengthen Indonesia's Small and Medium Industries (IKM) sector, a vital driver of the economy in the lead-up to the “Golden…
Nine Nations Attend BI Kaltim Investment Forum to Drive Economic Growth
Nine countries attended the investment forum organized by Bank Indonesia (BI) East Kalimantan in Samarinda, aiming to bolster the economy and attract investment to the region. The event, titled “Kaltim: Paradise of The East” and “Mahakam Investment Forum (MIF) 2024,” ran from November 8-10, 2024, gathering ambassadors and representatives from…
Indonesia Targets Growth in Furniture Industry within Manufacturing Sector
The Indonesian Ministry of Industry (Kemenperin) aims to boost the furniture sector's contribution to the national manufacturing industry. According to Kemenperin data, Indonesia's furniture industry recorded 0.5% year-on-year (yoy) growth in H1 2024, up from a decline of 2.04% (yoy) by the end of 2023. Masrokhan, Head of the Industrial…
