Business News
Kemenekraf MoU with Several SOEs, Strengthen Creative Economy Development
The Ministry of Creative Economy (Kemenekraf) continues to strengthen its collaboration with key strategic partners, including LPP TVRI, PT KAI, BNI, PARFI 56, and Hotel Borobudur. This partnership is aimed at enhancing the development of the creative economy in Indonesia. The collaboration was formalized through a Memorandum of Understanding (MoU)…
Empowering Micro, Small and Medium Enterprises, Local Products to Global Markets
Rumah Kain, a micro, small and medium enterprise that produces Palembang's signature cloth, has successfully expanded its access to develop Palembang's songket business, through the Micro and Small Business Funding programme from PT Pupuk Sriwidjaja Palembang, one of Pupuk Indonesia's subsidiaries. The programme provides financial capital, business assistance, marketing training…
Foreign Exchange Proceeds from Export Require 100%, Exporters Able to Use for Operations
Government Regulation (PP) Number 8 of 2025 concerning Foreign Exchange Proceeds from Natural Resources Exports stipulates that 100% of foreign exchange proceeds from natural resource exports must be retained within the country for a period of one year. Exporters are permitted to utilise these deposits for operational purposes, with the…
Cocoa Imports Increase by 119% in January 2025 to Support Processed Product Exports
Indonesia's cocoa imports surged by 119% in January 2025, reaching USD 304.41 million, primarily to support the growing demand for exported processed cocoa products. According to Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti, Ecuador remained Indonesia's top cocoa supplier, contributing USD 136.79 million, followed by Kenya,…
