Business News
IEU-CEPA Nearing Completion, Lampung's CPO Exports Predicted to Soar
Head of Industry and Trade Office of Lampung Province, Evie Fatmawaty, stated that the implementation of the Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) presents a major opportunity for expanding Lampung’s palm oil derivative products. With the potential for import tariffs on Indonesian palm oil to drop to 0% in…
Andra Soni Strengthens MSMEs as Pillars of Banten's Economy
Banten Governor Andra Soni reaffirmed his commitment to strengthening the Micro, Small, and Medium Enterprises (MSME) sector as the backbone of the regional economy. Amid the influx of foreign products, he sees MSMEs as crucial to maintaining economic stability and driving local growth. Speaking during an exclusive interview with BTV…
European Union–Indonesia Agree to Establish EU Desk, Here's the Purpose
The European Union (EU) Delegation to Indonesia and the Ministry of Investment/Investment Coordinating Board (BKPM) have officially signed a Cooperation Statement to establish an EU Desk within the Ministry. According to EU Ambassador to Indonesia Denis Chaibi, the launch of the EU Desk represents a renewed commitment to deepen economic…
Footwear Industry Attracts IDR 8 Trillion Investment from 12 Foreign Companies
Indonesia’s footwear industry is gaining renewed momentum as 12 foreign direct investment (FDI) companies plan to invest a combined IDR 8 trillion between January and May 2025. The investment is expected to significantly boost production, with a target capacity of 64.6 million pairs of shoes and 214.6 million footwear components,…
