Business News
Government Encourages the Development of Closed Loop Horticulture Agribusiness Partnership to Create Synergy Between Upstream and Downstream Sectors
The government is committed to strengthening food security and improving the welfare of farmers through the closed-loop integrated horticulture agribusiness model. This model is promoted by the Coordinating Ministry for Economic Affairs through various channels, emphasizing the collaboration of all stakeholders in the agricultural sector to create a competitive and…
Pacitan's Gemstone Craftsmanship Penetrates Export Market
The jewelry craft industry in Pacitan, East Java, has gained popularity among buyers, both locally and internationally. Istianah, the owner of OG Jewelry Pacitan, shared that their handmade gemstone jewelry has a growing demand. They produce up to 100 pieces per month and sell their products not only throughout Indonesia…
EU Aims to Conclude CEPA Negotiations with Indonesia This Year
European Union (EU) aims to conclude the Comprehensive Economic Partnership Agreement (CEPA) negotiations with Indonesia this year. Bernd Lange, Chair of the European Parliament's International Trade Committee, expressed optimism that the IEU-CEPA could be completed in 2023 through accelerated negotiation efforts from both sides. Having completed 14 rounds of negotiations…
Indonesia Receives USD 1.3 Billion Investment Proposal for Electric Vehicle Industry
Minister of Maritime Affairs and Investment Coordination, Luhut Binsar Pandjaitan, revealed that Indonesia has received a USD 1.3 billion investment proposal for the electric vehicle industry. The proposal, submitted by a prominent global electric vehicle manufacturer, aims to establish a manufacturing plant and distribution network in Indonesia, accelerating the development…
