Business News
Indonesia Successfully Secures Access to Export 660,000 Tons of Cassava to the UK
Indonesia and the UK have successfully finalized modifications to the UK's Tariff Rate Quota (TRQ) country-specific concession for Indonesian cassava products, especially after the UK's exit from the European Union (post-Brexit). As reported on kemendag.go.id, this agreement was confirmed during the Senior Official Meeting (SOM) of the World Trade Organization…
Bengkulu Records a Trade Surplus of USD 182.51 Million
The Central Statistics Agency (Badan Pusat Statistik) reported that the trade balance of Bengkulu Province from January to September 2023 experienced a surplus of USD 182.51 million. "The trade balance of Bengkulu Province in September 2023 recorded a surplus of USD 10.58 million. Meanwhile, the trade balance of Bengkulu Province…
Indonesia's Biscuit Exports Rise by 12% Despite Wheat Shortages
Amidst claims of European consumers shifting their grain consumption from wheat to rice due to tightening global supplies, this situation has not hindered the export prospects for processed grain-based products from Indonesia. The Acting Director of Export Development of Primary Products at the Ministry of Trade (Kemendag), Miftah Farid, explained…
Jakarta Achieves Investment Realization of IDR 50.9 Trillion, the Highest in Indonesia
The Provincial Government of DKI Jakarta has recorded the highest investment realization at the national level in the third quarter of 2023. Foreign Direct Investment (FDI) reached USD 1.1 billion or equivalent to IDR 16.7 trillion, while Domestic Direct Investment (DDI) surpassed IDR 34.2 trillion. Cumulatively, the realization of FDI…
