Business News
Minister of Trade Supports Indonesia's Drug Raw Material Independence
Indonesia's Minister of Trade, Zulkifli Hasan, has voiced strong support for the country's pursuit of self-sufficiency in pharmaceutical and bio-pharmaceutical raw materials. This initiative aims to enhance Indonesia's healthcare industry's resilience and reduce its reliance on imports from other nations. Minister Hasan highlighted his endorsement during a visit by the…
Industrial Downstreaming Key For Becoming Strong Maritime Nation
Indonesia can transform into a powerful maritime country by solidifying its economy through the industrial downstreaming policy, according to the Coordinating Ministry for Maritime Affairs and Investment. Downstream could increase our production and boost the added value of our products and services as stated by the Ministry's Deputy for Maritime…
Sidoarjo's Investment Reaches IDR 5.6 Trillion in the Second Quarter of 2023
The realization of investments in Sidoarjo Regency during the second quarter of 2023 reached IDR 5.6 trillion, equivalent to 78.8% of the 2023 investment target of IDR 7.179 trillion. The high level of investment achievement in Sidoarjo in the second quarter makes the government optimistic about reaching or even surpassing…
Indonesian Completely Built-Up (CBU) Car Exports Increase by 18% in January-August 2023
The performance of completely built-up (CBU) car exports remains positive with continuous growth throughout January to August 2023. According to data from the Indonesian Motor Vehicle Industry Association (Gaikindo), CBU car exports reached 337,312 units during January to August 2023, an increase of 18% compared to the same period last…
