Business News
RECAI 2024: Italy Ranks 6th Most Attractive Market for Energy Storage Investments
In 2023, USD 1.8 trillion was invested in clean energy, with the United States, China, and the United Kingdom leading the global market for battery energy storage systems (BESS), according to EY's 2024 Renewable Energy Country Attractiveness Index (RECAI). However, when considering attractiveness for renewable investments supported by significant political…
To Accelerate Access to Global Markets, Ministry of Industry Strengthens Indonesia's Halal Industry
The Indonesian Ministry of Industry (Kemenperin) is intensifying efforts to strengthen the country's halal industry, aiming to accelerate access to the global halal market. This strategic initiative aligns with Indonesia's national policy based on the sharia economy, as stated by Andi Rizaldi, Head of the Industrial Services Standardization and Policy…
Luhut Invites China to Invest, Establish Solar Power Plants in Indonesia
Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, held a bilateral meeting with Chinese Foreign Minister H.E. Wang Yi at the Changai Shan Geopark, China, to discuss various topics, including encouraging investment in solar power. Luhut invited Chinese companies already collaborating with Indonesia in green energy investments to…
PHRI Bali Asks Local Government to Regulate Investment and Business Activities of Foreign Nationals in the Island
I Gusti Ngurah Rai Suryawijaya, Vice Chairman of the Indonesian Hotel and Restaurant Association (PHRI) Bali, urged the local government to tighten supervision of foreign investors entering Bali. Suryawijaya emphasized the importance of ensuring that all incoming investments are legal and licensed, and limiting which types of businesses foreigners can…
