Business News
Indonesia Aims to Become the Primary Palm Oil Exporter to Canada
Indonesia’s Agriculture Minister, Andi Amran Sulaiman, expressed the country’s ambition to become the leading supplier of crude palm oil (CPO) to Canada, moving up from its current position as the second-largest exporter. This statement was made after his meeting with Canada’s Minister of Agriculture and Agri-Food, Heath MacDonald, in Jakarta,…
CPO Exports in the First Half of 2025 Increase in Dumai
In the first half of 2025, Dumai’s crude palm oil (CPO) and its derivatives exports surged to 3.8 million tons, marking a 127% year-on-year increase. This significant rise was accompanied by export revenues amounting to US$3.4 billion, with Pakistan, China, and Vietnam emerging as the primary importers. Consequently, the government’s…
Indonesia Targets 5.4% Economic Growth in 2026 Through Investment and Exports
Indonesia’s government is unveiling a strategic plan to achieve a 5.4% economic growth target for 2026, as announced by President Prabowo Subianto. Finance Minister Sri Mulyani Indrawati emphasised investment as the primary engine for growth, citing collaboration between the Finance Ministry and the Ministry of Home Affairs to bolster local…
Great! Pertamina NRE's Investment in CREC Leads to a 38% Profit Jump
Pertamina New & Renewable Energy (Pertamina NRE) immediately reaped the rewards. After just two months of holding a 20% stake in Citicore Renewable Energy Corporation (CREC), the Philippine company reported a 38% increase in net profit in the first half of 2025. Citicore Renewable Energy Corporation (CREC), an affiliated company…
