Business News
President Launches First Export of Indonesian-Made Hoka Shoes to US, Inaugurates Batang Industrial Park
On 26 July, President Joko Widodo launched the first export of 16,000 pairs of Hoka brand shoes to the United States, produced by PT Yih Quan Footwear Indonesia, a Taiwanese company investing IDR 1.7 trillion in Indonesia. This event coincided with the inauguration of the Batang Integrated Industrial Park (KIT)…
Indonesia Achieves Surplus in Poultry and Egg Exports
Minister of Agriculture Andi Amran Sulaiman announced that Indonesia has achieved self-sufficiency in poultry and egg production, now exporting its surplus to several countries. Speaking in Jakarta on Friday, Amran highlighted that Indonesia's agricultural sector is thriving, with exports of poultry and eggs reaching nations such as Japan, Singapore, and…
Government Targets IDR 78 Trillion Investment in Special Economic Zones by 2024
The National Council of Special Economic Zones (KEK) in Indonesia has set an investment target of IDR 78 trillion for 2024. By the end of the first half of 2024, investments in KEK have reached IDR 31.4 trillion, which is 40% of the annual target. This marks a 7% increase…
IKN Drives New Economic Growth on Borneo Island
Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Arsjad Rasjid, stated that the new capital city, Ibu Kota Nusantara (IKN), is expected to become a key part of new economic growth in Borneo, also known as Kalimantan. Speaking in Jakarta on Monday, July 22, 2024, Arsjad highlighted the…
