Business News
Sidoarjo's MSMEs Penetrate European Market, Export Cassava Chips to the Netherlands
Micro, Small, and Medium Enterprises (MSMEs) from Sidoarjo, East Java, have successfully penetrated the Dutch market. They exported a container containing 1,360 boxes of processed cassava snack products to Rotterdam, Netherlands. PT Indorasa Utama, the MSME behind this initiative, also shipped 400 boxes of processed anchovy snacks and 2,800 processed…
The Projection for Indonesian Oleochemical Exports to Reach USD 54 Billion by 2030
The Indonesian Oleochemical Producers Association (APOLIN) projects that the export value of Indonesian oleochemical products could reach USD 54 billion by 2030, driven by the downstream development of the palm oil industry in Indonesia. APOLIN's Secretary General, Rapolo Hutabarat, stated that the increase in oleochemical export value is expected to…
The Economic Growth of Indonesia Throughout 2023 Reached 5.05%
In 2023, Indonesia's economy grew by 5.05%, a decrease from 5.31% in 2022 amid global economic slowdown and declining prices of key export commodities. Amalia A. Widyasanti, Acting Head of the Central Statistics Agency (BPS), stated that despite challenges, Indonesia ended 2023 with solid economic growth. In Q4 2023, the…
Household Consumption the Largest Contributor to Indonesia's Economy in 2023
In a recent report by the Badan Pusat Statistik (BPS), household consumption remains the largest contributor to Indonesia's economic growth in 2023, accounting for 53.18% and contributing significantly to the overall growth rate of 5.05%. The Acting Head of BPS, Amalia Adininggar Widyasanti, highlighted that household consumption recorded a robust…
