Business News
US Import Tariffs Rise, Industries in Riau Are Urged to Immediately Process Products
Industries in Riau Province are urged to accelerate product downstreaming in response to the U.S. government's plan to raise tariffs on Indonesian exports by up to 32%. Dahlan Tampubolon, Senior Economist at the University of Riau, emphasized that Riau industries should focus on exporting finished products rather than raw materials…
Stimulating the Economy with Horse Racing, Transactions Predicted to Reach IDR 5 Billion
The 2025 Padangpariaman Horse Racing event not only captivated tens of thousands of spectators but also significantly boosted the local economy. Over the two-day event, transactions across various sectors amounted to between IDR 4 to 5 billion, providing a much-needed boost to small and medium enterprises (SMEs) in the region.…
Ready to Go Global: Trade Ministry Targets UMKM Exports to 33 Countries in 2025
Indonesia’s Ministry of Trade (Kemendag) is setting an ambitious target for 2025 by aiming to export UMKM (Micro, Small, and Medium Enterprises) products to 33 countries, with a projected export value of USD 18.84 billion (approximately IDR 306 trillion). This target represents a 12.5% increase from the previous year. Deputy…
Jakarta's Exports Rise 5.92% in February 2025, Reaching Four-Year High
Jakarta’s export performance saw strong momentum in February 2025, with total exports reaching USD 1.51 billion, a 5.92% increase from USD 1.42 billion in January, according to BPS DKI Jakarta. This marks the highest monthly export value the capital has recorded in the past four years. The surge was largely…
