Business News
Q1 Economic Growth at -0.74 Percent; Presidential Staff Remains Optimistic
The President’s special staffer on economics, Arif Budimanta, on Wednesday said Indonesia’s economic growthshows constant signs of improvement despite logging -0.74 percent in the first quarter. Compared to the second up to the fourth quarter last year, the 2021 first quarter growth is moving to the positive zone. In his…
Eni acquires FRI-EL Biogas Holding, a leading national producer biogas
Eni’s subsidiary Ecofuel, the company responsible for managing Eni’s investments in the circular economy, and FRI-EL Greenpower, a Gostner family holding, leader in the sectors of electricity production from renewable sources, have reached an agreement for Eni to acquire the FRI-EL Biogas Holding company, a leader in the Italian biogas…
Indonesia Becomes Major Producer of World Swallow's Nest
The Minister of Trade, Muhammad Lutfi, said that swallow's nest has a high value for Indonesia. Because currently the country is the main producer of swallow nests for the world, its value has reached 80 percent. "This bird's nest has value, has extraordinary value, while Indonesia is the main producer…
Foreign Investors Want to Open Cattle Farms, Erick Thohir: Contact the Minister of Investment
BUMN Minister Erick Thohir is committed to buying cattle farms in Belgium to anticipate beef import figures. On the other hand, he also invited foreign investors to join in opening cattle farms in Indonesia. Erick Thohir then directed foreign investors who were interested in establishing cattle farms in Indonesia to…
