Business News
Indonesia to Ease Export Tariff Cuts Through Automatic System
Indonesia is developing a new system to simplify access for local businesses to benefit from preferential tariffs under its trade agreements. Trade Minister Budi Santoso said that despite Jakarta securing dozens of tariff-cutting deals, utilisation remains at just 60–70%. The new mechanism will issue automatic preferential certificates of origin (COOs),…
Government Plans to Build Methanol and Ethanol Factories to Achieve Energy Security
Indonesia is set to build methanol and ethanol factories as part of its efforts to reduce dependency on imports and strengthen domestic energy resilience. Coordinating Economic Minister Airlangga Hartarto said the initiative would optimise the use of local raw materials, such as coal and sugarcane, to produce methanol and ethanol…
Opportunities for Exporting Banana Leaves
Indonesia’s banana leaves exports are seeing growing demand overseas, with usage primarily for single-use food wrappers and also for medicinal and health-related products. The country shipped about 7,905 tonnes of banana leaves in 2018, valued at USD 4.2 million (about IDR 6.5 trillion). Much of the increase in demand comes…
Indonesia Eyes Deeper Blue Economy Ties with Kenya
Indonesia is seeking to strengthen its partnership with Kenya around the blue economy, aiming to collaborate in areas like developing integrated coastal villages, boosting fisheries value chains, piloting eco-tourism projects, and advancing renewable ocean energy initiatives. At the Blue Economy Summit in Mombasa, the Indonesian representative emphasised that with over…
