Business News
Bali Attracts USD 710.2 Million in Foreign Direct Investment in H1 2024
Bank Indonesia reported that Bali attracted Foreign Direct Investment (FDI) amounting to USD 710.2 million in the first half of 2024, representing 87% of the total FDI in 2023, which was USD 808.49 million. The surge in foreign investment underscores Bali's continued appeal as a prime destination for global investors.…
Bank Indonesia Promotes Strategic Investment Projects to US Investors
Bank Indonesia (BI) has facilitated the promotion of three strategic projects at the "Indonesia Business Forum" in Washington, DC, United States. These projects are part of seven investment opportunities highlighted by Indonesia during the forum. The three key projects include the Umbul Telomoyo Geothermal Power Plant, a copper processing industry…
Relocating Import Entry Routes Strengthens Industry Competitiveness
Minister of Industry Agus Gumiwang Kartasasmita stated that relocating the entry points for seven imported commodities to Eastern Indonesia could significantly enhance the competitiveness of domestic industries. Speaking in the parliamentary complex in Jakarta on Monday, the Minister emphasized that this move aims to make local industries more competitive. The…
Fashion Products Become a Potential Export Commodity for Yogyakarta, Dominated by the United States, Japan, and Germany
Fashion products have become a significant export commodity from Yogyakarta Special Region (DIJ), including non-knitted garments, knitwear, and leather goods, contributing to more than 50% of total exports. According to Syam Arjayanti, Head of the DIJ Industry and Trade Office, the primary export destinations for DIJ's fashion products are the…
