Business News
Milk Processing Production Reaches 4.64 Million Tons in May 2024, Indonesia Supplies 20% of Raw Materials
The Ministry of Industry (Kemenperin) reports that Indonesia's milk processing production capacity has reached 4.64 million tons, supplying 20% of the country’s raw milk needs. According to Putu Juli Ardika, Director General of Agro Industry at Kemenperin, investments in the milk processing industry reached IDR 23.4 trillion by 2023, creating…
Indonesia Promotes Sustainable Fisheries Cooperation in the Asia-Pacific Region
Indonesia is promoting cooperation for the development of sustainable aquaculture in the Asia-Pacific region, aiming to make this sector a key driver for future food security. "The development of sustainable aquaculture is crucial as a primary driver for meeting future food needs and will boost national economic growth," said Secretary-General…
Global Market Reaches USD 7.79 Billion, Indonesian Seaweed Industry Set to Soar
Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono announced plans to develop seaweed farming models in Rote Ndao and Southeast Maluku this year. This initiative aims to boost the national seaweed downstream industry. "This year, we plan to develop modeling in two additional locations, Rote Ndao and Southeast Maluku,…
Government and ASMINDO Target IDR 80 Trillion in Furniture Exports by 2024
Minister of Cooperatives and SMEs Teten Masduki highlighted that despite various domestic and global economic challenges, Indonesia's furniture industry has shown a strong performance. Over the past five years (2018-2022), furniture export values have increased consistently, reaching USD 2.9 billion (approximately IDR 46.4 trillion) in 2022, up from USD 2.8…
