Business News
North Maluku Records Indonesia’s Fastest Economic Growth, Thanks to Downstreaming Policy
North Maluku has emerged as the province with the highest economic growth in Indonesia, driven by the government’s focus on downstreaming natural resources. According to Coordinating Minister for Economic Affairs Airlangga Hartarto, Indonesia’s economy grew by 5.03% in 2024, with North Maluku and West Papua leading the way. North Maluku…
East Java MSMEs Export Pottery Products for the First Time to Japan
The Ministry of Trade has released the first export of two innovative pottery products from micro, small, and medium enterprises (MSMEs) from East Java to Japan. Both products are from potted growing balls (bobupot) produced by Green Galeria Indonesia from Surabaya and terracotta pots produced by UD Gerabah Merah from…
Facing Trump Tariffs, Indonesia-France Increase Cooperation
US President Donald Trump's reciprocal import tariffs have affected a number of European countries, including France. Responding to this, Indonesian President Prabowo Subianto and French President Emmanuel Macron agreed to maintain strong economic and trade cooperation. Both expressed their commitment to maintaining good relations in a telephone conversation, Friday night…
Garuda Metalindo Expands Export Market
Fastener and component manufacturer, PT. Garuda Metalindo Tbk (BOLT) continues to aggressively work on the export market this year despite the import tariff policy implemented by the United States (US) government. As is known, in Trump's latest tariff policy, Indonesia is subject to a jumbo tariff of 32% or only…
