Business News
Minister of Industry: Startups Drive Growth of the Manufacturing Industry Towards a Golden Indonesia
Minister of Industry Agus Gumiwang Kartasasmita emphasized the high quality and competitiveness of products developed by technology-based startups. "We firmly believe that the products created by startups, which are fundamentally technology-based and of high quality, are game changers," he stated in Jakarta, as quoted on Friday, July 19.According to Startup…
North Sumatra Provincial Government Supports Downstream Strategic Investment in the Palm Oil Industry
The North Sumatra Provincial Government supports the Strategic Investment Downstreaming (HIS) program for the palm oil industry. North Sumatra has significant natural resource potential, including plantations and forestry, with various commodities such as rubber, palm oil, and timber. This was conveyed by North Sumatra's Provincial Secretary, Arief S Trinugroho, during…
Switzerland Declares Readiness to Invest in the New Capital City (IKN)
The Swiss Embassy in Jakarta announced that Swiss private sector companies are ready to invest in the new capital city (IKN) of Indonesia, particularly in fields such as power generation and water distribution, once the situation stabilizes. Swiss Ambassador Olivier Zehnder highlighted the importance of deepening bilateral relations with Indonesia,…
BKPM Ready to Grant Import Duty Exemption for Machinery to Support Food Security
Yuliot Tanjung, Deputy Minister of Investment and Deputy Head of the Investment Coordinating Board (BKPM), announced that the government is preparing to provide duty-free import facilities for agricultural machinery to support Indonesia’s food and energy security programs. Currently, agricultural machinery imports are subject to standard procedures and import duties. The…
