Business News
Ministry of Industry Initiates Cocoa-Coconut Institutional Formation to Boost EVA
The Indonesian Ministry of Industry (Kemenperin) has initiated the formation of cocoa and coconut institutions to ensure raw material availability, enhance competitiveness, and increase the Economic Value Added (EVA) from these sectors. Minister of Industry Agus Gumiwang Kartasasmita announced in Jakarta on Wednesday that President Joko Widodo has held a…
HIPERMI Targets Expansion of Rendang Exports Globally
Syukriah, Chair of the Minangkabau Rendang Entrepreneurs Association (HIPERMI), announced plans to expand the export market for rendang to various countries worldwide, aiming to increase the international recognition of this traditional dish. "HIPERMI continuously strives to expand its market by collaborating with various partners," Syukriah stated in Padang on Tuesday.…
Copper Downstreaming Could Boost Indonesia’s Exports by $16 Billion Annually
The Head of the Fiscal Policy Agency (BKF) at the Ministry of Finance, Febrio Nathan Kacaribu, estimates that the copper downstreaming program could raise Indonesia's export value to USD 16 billion to USD 18 billion annually. Without downstreaming, Indonesia's copper concentrate exports are only USD 8 billion to USD 9…
Indonesia Becomes the World's 4th Largest Iron and Steel Exporter
Indonesia has risen to become the fourth-largest exporter of iron and steel globally, a significant leap from its previous ranking of 17th. This impressive growth is attributed to the rapid development of the country's iron and steel industry over the past five years, as highlighted by Minister of Trade Zulkifli…
