Business News
Hong Kong Emerges as a Potential Market for Indonesian Jewelry Exports
The Ministry of Industry (Kemenperin) highlighted that Hong Kong remains a significant market for Indonesian jewelry exports, ranking among the top five destinations for these products. According to Reni Yanita, Director General of Small, Medium, and Miscellaneous Industries (IKMA), Hong Kong not only serves as a target market but is…
New Mining Downstreaming Project Strengthens Indonesia's Economic Foundation
The operation of PT Freeport Indonesia's copper smelter in Gresik, East Java, is set to create a new economic foundation for Indonesia, which has long relied on domestic consumption. This downstreaming project is expected to significantly contribute to state revenue through taxes, royalties, and export duties, while also promoting the…
Economic Diplomacy Yields IDR 759 Trillion in Foreign Investment for Indonesia
The Ministry of Foreign Affairs (Kemlu) reported that economic diplomacy has been one of Indonesia’s main pillars over the past decade under President Joko Widodo's leadership. As a result, Foreign Direct Investment (FDI) inflows to Indonesia reached USD 50 billion (IDR 759 trillion) in 2023. Deputy Foreign Minister Pahala Nugraha…
Indonesia Supports Belém Declaration to Boost Global Tourism Commitment
Indonesia, through the Ministry of Tourism and Creative Economy/Agency for Tourism and Creative Economy (Kemenparekraf/Baparekraf), has endorsed the Belém Declaration, an agreement reached by Tourism Ministers and representatives of the G20 during the "G20 Tourism Ministerial Meeting" in Brazil. This support reflects Indonesia's commitment to advancing global tourism and achieving…
