Business News
Investment Surpasses IDR 9.56 Trillion, Marine and Fisheries Non-Tax Revenue Reaches IDR 1.69 Trillion in 2023
Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, acknowledges global criticism of Indonesia's fishing practices as outdated and unregulated. Describing them as somewhat barbaric, he admits to a lack of strategic planning, resulting in fish capture without considering market demand. Sakti warns of potential long-term consequences, stating that if…
The Value of Lombok Pearl Shipments Reaches IDR 500 Billion in 2023
In 2023, the value of cultivated pearl shipments from Lombok's waters saw a remarkable surge, reaching half a trillion IDR, as reported by BKIPM Mataram. A substantial increase compared to 2022, where domestic traffic of Lombok's pearl commodities amounted to over IDR 48.6 billion, and total exports surpassed IDR 160.6…
Investment Outlook for the Automotive Sector in 2024: Indonesia's Potential as a Key Player in the Electric Vehicle Industry
The Indonesian Automotive Industry Association (GAIKINDO) expresses optimism regarding the positive growth of investment trends in the automotive sector in 2024. According to a statement by GAIKINDO's Secretary-General, Kukuh Kumara, on January 10, 2024, Indonesia has the potential to emerge as a key player in the electric vehicle (EV) industry,…
The Government Constructs 190 National Strategic Projects (PSN), Total Investment Reaches IDR 1,515.4 Trillion Until 2023
The Indonesian government, specifically the Coordinating Ministry for Economic Affairs, has reported the completion of 190 National Strategic Projects (PSN) by the end of 2023. Minister of Economic Affairs Coordinating, Airlangga Hartarto, disclosed that over the past decade of PSN development, the government successfully finalized 190 projects with a total…
