Business News
Indonesia's Tourism Revenue Surges to USD 10.46 Billion
As of the latest update, Indonesia's tourism sector has contributed significantly to the country's economic landscape, with tourism revenue reaching USD 10.46 billion, according to the Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno. This surge in tourism revenue corresponds to a 3.83% contribution to the Gross Domestic Product…
Italy Greenlights EUR 27.4 Billion Investment for Green Energy Transition
The Italian government, under Prime Minister Giorgia Meloni, has approved a substantial EUR 27.4 billion investment aimed at propelling the country towards a more sustainable and eco-friendly future. The funds will be directed towards supporting families and businesses, emphasising their pivotal role in a balanced and realistic transition, according to…
Capital City National Authority (IKN) Targets USD 3.2 Billion Infrastructure Investment by Year-End
The Indonesian government, through the Capital City National Authority (IKN), aims to attract infrastructure investments totaling IDR 45.5 trillion (USD 3.2 billion) by the end of 2023. Bambang Susantono, Head of Otorita IKN, stated that this target aligns with the progress and development of ongoing construction projects, marked by the…
Introducing Papua's Maritime Potential to the Global Stage: Sail Teluk Cenderawasih 2023
President Joko Widodo officially inaugurated Sail Teluk Cenderawasih 2023 on November 23, 2023, at Samau Beach, Biak Numfor Regency, Papua, marking a significant effort to showcase the maritime, tourism, and socio-cultural potential of Papua. The event, held from November 21 to 27, featured a sailing pass with local fishermen and…
