Business News
Central Statistics Agency Records a 166.12% Increase in Foreign Tourist Visits to Indonesia in 2023
The Central Statistics Agency (BPS) has reported a remarkable 166.12% increase in foreign tourist visits to Indonesia in 2023 compared to the previous year. This figure represents a substantial surge from the numbers in 2022. The Acting Head of BPS, revealed that cumulatively until August 2023, the number of foreign…
Indonesia and Ethiopia Forge Collaboration to Enhance the Global Coffee Market
As the fourth-largest coffee producer globally, following Brazil, Vietnam, and Colombia, Indonesia possesses significant potential to further expand the coffee market worldwide, particularly in the European region. According to the 2023 Indonesian Statistics Report from the Central Statistics Agency (BPS), Indonesia's coffee production reached 794.8 thousand tons in 2022. Director…
Indonesia Develops Shipbuilding Industry to Foster the Blue Economy
Deputy of Maritime and Natural Resources at the Ministry of National Development Planning (Bappenas), stated that the Indonesian government is prepared to develop the shipbuilding industry to optimize the growth of the blue economy in the country as this can be very labor-intensive, capital-intensive, and, of course, technology-intensive. She also…
Italian Cosmetics, Economic Survey: Pharmacy Sales Up by 5.8% in the Second Half of 2023
The Italian pharmacy cosmetics market is experiencing robust growth, with a projected 5.8% increase in the second half of the year, building upon the 5.9% growth in the first half. This trend is expected to push the sales value of pharmacy cosmetics in Italy to over EUR 2 billion by…
