Business News
Indonesia Emerges as ASEAN's Main Market Gateway and Global Power
ASEAN is increasingly significant in the global geopolitical and economic landscape. With a population exceeding 680 million, it ranks third globally after India and China, with over half under 30 years old. From 2010 to 2022, ASEAN's average growth rate was 4.4%, driving its aggregate GDP to USD 3.6 trillion,…
Indonesia Poised to Become Export Hub Amid Manufacturing Growth
The future Prabowo-Gibran administration will face the challenge of a decelerating manufacturing sector in Indonesia over the past 20 years. The manufacturing sector not only provides significant formal employment but also serves as a pathway for Indonesia to achieve high-income status. In response, PAN Secretary General Eddy Soeparno emphasized the…
Yogyakarta's Wood Product Exports Open New Economic Opportunities
PT Homliv Anugerah Tritunggal Indonesia and PT Ruby Artisan International have exported 4,289 cartons of wooden kitchen and dining utensils to Japan. The export, valued at USD 143,871 (approximately IDR 2.3 billion), was facilitated by PT. MSA Kargo Yogyakarta on Monday, 27 June 2024. The Yogyakarta Customs Office played an…
Indonesia’s Ornamental Fish Exports Reach IDR 634 Billion in 2023, China Leading Market
The Ministry of Marine Affairs and Fisheries (KKP) reported that Indonesia's ornamental fish exports reached USD 39.06 million throughout 2023, equivalent to IDR 634.9 billion (assuming an exchange rate of IDR 16,255 per USD). Director General of Strengthening the Competitiveness of Marine and Fisheries Products, Budi Sulistyo, stated that this…
