Business News
Surabaya-based Plastic Household Appliances Export to Guyana, First Time Penetrating Non-Traditional Markets
The Ministry of Trade officially launched the first export of plastic household appliances, produced by PT Benteng Mas Persada (BMP), to Guyana, valued at USD 23,000 (approximately IDR 374 million), from Surabaya on August 15, 2025. This initial export included 4,432 types of products, ranging from plates, bowls, glasses, buckets,…
Indonesian Pearl Exports to Switzerland Reach USD 2.15 Billion: Signalling Huge Potential Behind Global Trends
Indonesia has successfully established pearls, turmeric, and cultured pearls as leading commodities in Switzerland, reaching an export value of up to USD 2.15 billion in 2023. This figure makes jewellery and gem products a major contributor to Indonesia's exports to the Western European market, surpassing other sectors such as precision…
Jakarta Muslim Fashion Week 2026 Targets IDR 163 billion in Fashion Transactions
On 12 August 2025, the launch of Jakarta Muslim Fashion Week (JMFW) 2026 was held in Jakarta. The theme of JMFW 2026 is "Essential Lab". The Ministry of Trade has organised JMFW 2026, with a target of generating transactions worth USD 10 million or approximately IDR 163 billion. This will…
Indonesia Has the Opportunity to Develop a Sharia Sovereign Wealth Fund with Middle Eastern Countries
Bank Syariah Indonesia (BSI) Chief Economist Banjaran Surya Indrastomo believes Indonesia has a significant opportunity to develop a Sharia-compliant sovereign investment scheme with partners from the Middle East. According to Banjaran, Indonesia already has a strong sovereign wealth fund (SWF), Danantara, in terms of capital. "We just need to create…
