Business News
Green Tourism Aims to Attract 14.3 Million Foreigners in 2024
The Indonesian Government, led by Tourism and Creative Economy Minister Sandiaga Uno, is prioritizing the promotion of quality and sustainable tourism to achieve the ambitious goal of welcoming 9.5 to 14.3 million foreign tourists in 2024. Minister Uno, speaking after the National Coordination Meeting on Tourism and Creative Economy 2023…
Special Economic Zone Galang Batang: A New Pride for Indonesia's Special Economic Zone
The Special Economic Zone (SEZ), specifically KEK Galang Batang, is proving to be a source of pride for Indonesia, yielding positive impacts for both investors and the local communities by generating employment opportunities and fostering prosperity. KEKs are expected to be a new source of growth based on the strengths…
The Wood-Furniture Supply Chain is Expected to Experience a Positive Trend in Exports Starting from 2024
The President of FederlegnoArredo, Claudio Feltrin, revealed that the wood-furniture sector experienced a challenging third quarter in 2023, marking a -7.8% decline from January to September compared to the same period in 2022. Both exports (constituting 41% of the sector) and the domestic market witnessed downturns of -7.5% and -8.1%,…
The Creative Industry Exports Surpass USD 17.4 Billion in the Third Quarter of 2023
In the third quarter of 2023, the export value of the creative industry reached USD 17.4 billion. Fashion contributed USD 9.88 billion, while crafts contributed USD 6.26 billion to this total income. Reni Yanita, Director General of Small, Medium, and Various Industries (IKMA) at the Ministry of Industry of the…
