Business News
Minister of Tourism and Creative Economy: Indonesia's Creative Economy Ranks Third in the World
Indonesia has secured its position as the third-best country in the world for the creative economy, following the United States and South Korea, according to Sandiaga Salahuddin Uno, the Minister of Tourism and Creative Economy. He made this announcement during a working visit to Cirebon, West Java, emphasizing that Indonesia's…
West Kalimantan's Trade Balance Records a Surplus of USD 987.46 Million
The Head of the Central Statistics Agency (BPS) for West Kalimantan Province, has reported a trade surplus of USD 987.46 million in West Kalimantan for the period of January to August 2023. West Kalimantan's exports during this period reached USD 1,274.82 million, while imports amounted to USD 287.36 million. Based…
Simplified Permitting Drives Investment in Cimahi City to IDR 7.7 Trillion
The streamlined permitting process implemented by the Cimahi City Government has attracted investors over the past year. As a result, incoming investments have significantly increased and have been able to employ local workers. According to Online Single Submission (OSS) data, in 2023, the total investment value in Cimahi City reached…
Export of Bonded Zone Industries Contributes USD 48 Billion as of August 2023
The Directorate General of Customs and Excise, has affirmed that the bonded zone facility has had a positive impact on Indonesia's economic growth. In fact, this facility has played a crucial role in supporting and advancing the textile industry in Indonesia. Fiscal incentives for the bonded zone are regulated by…
