Business News
World Travel & Tourism Council: Tourism Increasingly Becomes Economic Engine
Tourism continues to be a significant driver of the Italian economy, with over EUR 223 billion expected to flow into the country's coffers from this sector. This estimate comes from the Economic Impact Research conducted by the World Travel & Tourism Council (WTTC). These figures surpass the highly impactful EUR…
Inovac Cooperative Exporting Aceh's Flagship Commodity, Patchouli Oil, to France
The Innovation Producer Cooperative Nilam Aceh (Inovac), in synergy with PT Nat' Green, has established a subsidiary, PT UGreen Aromatics International (UGreen), exporting 1.2 tons of raw materials for fragrance production, valued at IDR 1 billion, to France. Nadia, Chairperson of Inovac Cooperative, explained that through UGreen, the cooperative regularly…
Sunra Invests USD 120 Million to Establish Electric Motorcycle Factory in Indonesia
PT Sunra Asia Pacific Hi-Tech, also known as Sunra Indonesia, has commenced the construction of an electric motorcycle factory in the Kendal Industrial Zone, Central Java. The groundbreaking ceremony held on Friday (3/5) marked the initiation of this development. Zhang Chongshun, Chairman of Sunra Group, emphasized that the establishment of…
The Port of Nipah Panjang Emerges as the Gateway for Direct Coconut Exports from Tanjab Timur to Overseas Markets
The port in Nipah Panjang District, Tanjung Jabung Timur Regency, has emerged as a beacon for Indonesia's export activities, becoming the sole port in the region facilitating direct exports abroad. This strategic move aims to enhance maritime connectivity and bolster the local economy, particularly benefiting coconut farmers. Since July 2023,…
