Business News
Maluku's Exports of Crude Oil, Fish, and Shrimp Surge to USD 16.12 Million
In June 2024, Maluku’s exports reached USD 16.12 million, marking a dramatic increase of approximately 2,393.37% compared to the previous month. The surge in export value was driven by both oil and non-oil commodities. According to Maritje Pattiwaelapia, Head of BPS Maluku, crude oil exports amounted to USD 11.22 million,…
Indonesia Prepares to Export Red Onions to Thailand and Vietnam Amid Surplus
Arief Prasetyo Adi, Head of the National Food Agency (Bapanas), announced that Indonesia is ready to start exporting red onions to neighboring countries due to an excess in domestic stock. Arief stated that red onions are a key export commodity for Indonesia. Once local consumption needs are met, surplus stock…
Indonesian Ministry of Energy Optimistic About Increased Coal Exports for Remainder of 2024
The Ministry of Energy and Mineral Resources (ESDM) is optimistic about a rise in Indonesian coal exports for the remainder of 2024, driven by the approaching winter seasons in its two largest export markets, China and India. According to Statistics Indonesia (BPS), coal export volumes reached 32.66 million tons in…
British Company Volex Invests USD 40 Million in Electronics Manufacturing in Batam
The Batam Authority (BP Batam) has announced a significant investment from the British company Volex in the electronics sector, including semiconductor and cable manufacturing, in the region. The investment totals USD 40 million, approximately IDR 647 billion. Ariastuty Sirait, Head of the Public Relations, Promotion, and Protocol Bureau at BP…
