Business News
Expansion into Floating Solar Power Plant Industry, Utomodeck Builds Two Factories in Batam and Surabaya
Utomodeck Group, a metal roofing and cladding manufacturer in Indonesia, announced its business expansion into the Floating Solar Power Plant (PLTS) industry. Utomodeck took this strategic step to expand its business by building two Floating Solar Power Plant (PLTS) production facilities in Batam and Surabaya to meet the needs of…
West Sumatra Province Exports 171.4 Million Tons of Non-Metallic Mineral Goods
In November 2024, West Sumatra recorded a total export volume of 359.11 thousand tons. While exports of non-metallic mineral goods (SITC code 66) declined to 171.4 million tons, the province continues to demonstrate strong trade activity. Despite this temporary dip, West Sumatra had been experiencing an upward trend in exports…
BI: East Java’s Economy in 2024 Remains Stable and Grows by 4.93%, Driven by Consumption and Investment
In a collaborative effort, Bank Indonesia (BI) East Java, the Financial Services Authority (OJK), the Ministry of Finance, and the Deposit Insurance Corporation (LPS) held a Media Briefing to discuss economic growth and stability in the region. With the theme “Strengthening Synergy for Stability and Sustainable Growth: Transformation Towards Golden…
Batam's Export Value Soars in 2024, Growing 10.10% Year-on-Year
Batam’s export value in 2024 saw a significant increase compared to 2023. According to data from the Batam Central Statistics Agency (BPS), Batam's exports in 2024 reached USD 16.087 billion, a 10.10% increase from 2023, when the export value was USD 14.610 billion. The growth in exports came from both…
