Business News
Government Adds Agricultural Commodities Subject to Import Policy
The Indonesian government has issued Minister of Trade Regulation (Peraturan Menteri Perdagangan/Permendag) Number 31 of 2025, which expands the scope of agricultural commodities subject to import regulation. Previously, regulated products included animals and animal products, rice, sugar, corn, garlic, and horticultural goods. With this new regulation, cassava and its derivatives…
Prabowo Arrives in Ottawa for Comprehensive Indonesia-Canada Economic Cooperation MoU
Indonesian President Prabowo Subianto arrived in Ottawa on 24 September 2025, after delivering a speech at the United Nations in New York. He was welcomed at Macdonald-Cartier International Airport by Canadian Minister of Trade Maninder Sidhu, Indonesian Ambassador Muhsin Syihab, and other diplomatic and governmental officials. His itinerary includes meetings…
Indonesia Aims to Become a Global Hub for Furniture Innovation
Indonesia’s furniture, handicraft, and interior design sectors are registering solid growth, making significant contributions to job creation and export earnings. In 2025, furniture exports made up about 12.2% of all handicraft exports, placing furniture second among handicraft sub-sectors—ahead of musical instruments, toys, and paper products. With abundant natural resources (wood,…
ASEAN and Korea to Upgrade Free Trade Agreement
The ASEAN–Korea Free Trade Agreement (AKFTA) is set to be upgraded, with its scope now being finalised ahead of the ASEAN Leaders’ Meeting in October. Malaysia’s Minister of Investment, Trade and Industry, Tengku Zafrul Abdul Aziz, said the agreement will address key areas including trade, investment, supply chains, and semiconductors.…
