Business News
The Ministry of Industry Endeavors to Develop the National Halal Industry
The Ministry of Industry continues its efforts to develop the halal industry in Indonesia. The domestic market indicates that Indonesian Muslims spent USD 184 billion in 2020, projected to increase by 14.96% in 2025 to USD 281.6 billion, making Indonesia the world's largest halal market with an 11.34% share of…
The Investment Potential of Bioeconomy in Indonesia Could Reach USD 45.4 Billion
The future holds substantial market potential for the downstreaming and development of nature-based or bioeconomy products, projected to contribute up to 37% to the emissions reduction needed for limiting global warming to 1.5 degrees Celsius. Investments in these innovations are expected to reach USD 1.8 trillion between 2020 and 2030,…
Exceeding Target, Investment Realization in Tegal Regency Reaches IDR 2.04 Trillion in 2023
In 2023, Tegal Regency saw investment realization amounting to IDR 2.04 trillion, surpassing the set target of IDR 1.6 trillion by 127.47%. Kosim, the Head of Data Control and Management at DPMPTSP Tegal Regency, expressed optimism due to this positive trend, attributing it to the region's appeal as an investment…
Foreign Tourist Arrivals to Indonesia Throughout 2023 Reach Target, Surging by 98.3% from 2022
Good news emerges from Indonesia's tourism sector as foreign tourist arrivals surged dramatically throughout 2023, according to data presented by Minister of Tourism and Creative Economy/Head of Tourism and Creative Economy Agency (Menparekraf/Baparekraf) Sandiaga Uno. During "The Weekly Brief With Sandi Uno" on Monday (5/2/2024), Sandiaga stated that the Central…
