Business News
Ministry of Trade Aims for Indonesia's Trade Surplus to Reach USD 53.4 Billion in 2024
The Ministry of Trade (MoT) in Indonesia has set a target for a trade surplus ranging from USD 31.6 billion to USD 53.4 billion for the current year. Deputy Minister Jerry Sambuaga stated that this target is based on the previous year's trade surplus realization, which fell just short of…
Indonesian Furniture Entrepreneurs Target Indian Market, Export Potential Reaches IDR 589 Trillion
The Indonesian Furniture and Handicraft Industry Association (HIMKI) is eyeing the export potential of the Indian furniture market, forecasted to reach USD 37.72 billion or approximately IDR 589 trillion by 2026. Additionally, the compounded annual growth rate (CAGR) of the Indian furniture market stood at 13.37% during the 2020-2026 period.…
Encouraging the Green Economy, KUKM Perindag PPU Invites MSMEs to Implement Sustainable Trade
The Department of Cooperatives, Micro, Small, and Medium Enterprises (KUKM Perindag) in Penajam Paser Utara (PPU) Regency actively promotes the adoption of sustainable trade practices among Micro, Small, and Medium Enterprises (UMKM). Nurlianti, the Head of the Cooperative and UMKM Division at KUKM Perindag, explains that several initiatives have been…
Minister of Industry: Digital Transformation Increases the Competitiveness of the Manufacturing Industry
Indonesian Minister of Industry, Agus Gumiwang Kartasasmita, advocates for the integration of digital technology in the manufacturing sector to enhance competitiveness and sustainability. The adoption of Industry 4.0 principles is seen as pivotal, with potential positive impacts on financial outcomes, operational efficiency, and technological innovation. Highlighting the significance of manufacturing…
