Business News
Chinese Project in Indonesia’s Kalimantan Brings Opportunities, Controversy Over Growing Clout
The Kalimantan Industrial Park Indonesia (KIPI) project in North Kalimantan, supported by Chinese investment, has introduced both economic opportunities and significant challenges. Launched in December 2021, KIPI is part of Indonesia's National Strategic Projects, aiming to become the world’s largest green industrial park, focused on producing EV batteries, petrochemicals, and…
Transportation Minister Confident Bali Maritime Tourism Hub Will Boost National Economy
Indonesian Transportation Minister Budi Karya Sumadi expressed optimism about the positive impact of the Bali Maritime Tourism Hub (BMTH) on the national economy. During a visit to Benoa Port in Bali on August 10, 2024, Sumadi observed significant progress in BMTH's development and expressed hope that the infrastructure would soon…
Indonesian Coconut Shell Charcoal Reaches Global Market with First Export to Sweden
Furqanuddin Masulili, Deputy Regent of Banggai, announced that the coconut shell charcoal from Bumdes Abadi Uling, a village enterprise in Uling Village, Kintom District, has successfully entered the global market with its first export of 26 tons to Sweden. "This achievement is a source of pride for us. We greatly…
Motorcycle Sales in Indonesia Soar in July 2024, Exports Set New Record
The Indonesian Motorcycle Industry Association (AISI) has reported a significant surge in motorcycle sales across the country for July 2024, marking the highest monthly sales figure this year. According to AISI’s official data released on 10 August 2024, motorcycle sales in Indonesia reached 598,844 units in July, an increase of…
