Business News
Promoting Downstreaming for the Resilience of the National Steel Industry
Indonesia’s steel industry grew by 152%, from IDR 94.6 trillion in 2020 to IDR 238.4 trillion in 2024. Steel is one of eleven national priority commodities in the government’s strategic downstreaming agenda, viewed not only as a construction material but also as a foundation of industrialization. President Prabowo Subianto targets…
Eddy Soeparno Highlights Urgency of Sustainable Nickel Industry Transformation at ESG Forum 2025
At the ESG Mining Forum 2025 in Jakarta, Deputy Speaker of Indonesia's MPR, Eddy Soeparno, emphasized the critical need for the nickel industry to embrace sustainable transformation through Environmental, Social, and Governance (ESG) principles. He pointed out that ESG has evolved from being a voluntary credibility booster to a fundamental…
Hainan Free Trade Port Strengthens Oversight of Duty-Free Industry
Since the launch of its master plan in June 2020, China has aimed to develop Hainan into a globally influential free trade port by mid-century. In recent years, the province has rapidly grown into an international hub for tourism and consumer spending, with duty-free shopping at the center of this…
All Industrial Sectors to Benefit from IEU-CEPA Completion
The Indonesian Ministry of Trade has announced that all domestic industrial sectors stand to gain once the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is finalized. According to Djatmiko Bris Witjaksono, Director General of International Trade Negotiations, the agreement will provide broader market access for various processed commodities, with strong…
