Business News
Indonesia’s Refrigerator Exports to Egypt Reach USD 5.45 Million in Early 2024
Indonesian Ambassador to Egypt, Lutfi Rauf, announced a significant rise in Indonesia’s household electronics exports to Egypt, with refrigerator exports (HS code 8418) hitting USD 5.45 million from January to June 2024. This marks an 87.87% increase compared to the same period in 2023, when the value was USD 2.9…
Trade Minister Highlights Coffee as Key Priority in Prabowo’s Future Administration
Indonesian Trade Minister Zulkifli Hasan announced that coffee will be a top priority in Prabowo Subianto’s upcoming administration. Indonesia, with its vast archipelago of coffee plantations, is globally renowned for the quality of its coffee beans. To boost the productivity of Indonesian coffee, the government plans to prioritize coffee in…
Indonesia Collaborates with China to Explore Copper Downstreaming for Battery Industry
PT Industri Baterai Indonesia has signed a Memorandum of Understanding (MoU) with Nuode Investment Co., Ltd (Nuode) and China Hualong International Construction Corporation (SINORON). This collaboration aims to support copper downstreaming, particularly in the use of copper cathodes as raw materials for copper foil in battery anodes and electronic PCBs.…
US Company Invests IDR 8 Trillion in Solar Panel Plant in Batang Integrated Industrial Park
SEG Solar Inc., a US-based solar panel manufacturer, has started construction in the Batang Integrated Industrial Park (KITB), Central Java, marking a significant investment in silica sand downstream processing. According to the Investment Promotion Deputy at Indonesia's Investment Coordinating Board (BKPM), Nurul Ichwan, the government aims to boost renewable energy…
