Business News
Total Inward Investment in the IKN Reaches USD 49.6 Trillion.
Minister of National Development Planning/Head of the National Development Planning Agency (Bappenas), Suharso Monoarfa, revealed that the total investment for the development of the Nusantara Capital (IKN) has reached IDR 49.6 trillion. This was disclosed during the National Development Planning Meeting 2024 at JCC Senayan Jakarta. Suharso stated that this…
Ministry of Industry Ensures Import Tightening Does Not Burden the Manufacturing Industry
The Ministry of Industry's spokesperson, Febri Hendri Antoni Arif, emphasizes that recent import control measures won't hinder manufacturing industries relying on foreign raw materials, noting that these policies support production absorption. Known as Lartas, these regulations primarily target finished products rather than raw materials. However, the Ministry aims for increased…
Follow-Up on Indonesia-Brazil Consultation Forum, Deputy Minister Jerry: Digital Economy One of the Priorities
Wakil Menteri Perdagangan Jerry Sambuaga highlighted Indonesia's desire to deepen cooperation in emerging priority areas and operationalize the action plan for 2023-2026 agreed upon during the Indonesia-Brazil bilateral consultation in May 2023. These priority areas include sustainable agriculture, clean energy, digital economy, and the development of the new capital city.…
Halal Certification of MSME Products Mandatory from Oct: Ministry
The Ministry of Trade of Indonesia is set to enforce mandatory halal certification for products manufactured by Indonesian medium-sized businesses or micro, small, and medium enterprises (MSMEs) starting October 2024. Minister of Trade, Zulkifli Hasan, announced this decision in Tangerang, emphasizing the necessity to ensure compliance with halal standards to…
