Business News
Minister of Health Promises Pleasing Incentives to Boost Pharmaceutical Industry
Minister of Health Budi Gunadi Sadikin has announced the government's commitment to promoting the development of the pharmaceutical industry in Indonesia to enhance health resilience. The government plans to implement regulations that will compel the industry to produce pharmaceutical products comprehensively, from upstream to downstream. In addition to regulatory measures,…
Indonesia's Export Projection for 2023 Revealed as Trade Surplus Hits 36-Month Streak
Indonesia's trade surplus is expected to narrow in the second half of 2023 due to slowing export performance, according to economist Faisal Rachman from Bank Mandiri. The decline in commodity prices and sluggish global demand, coupled with high inflation and ongoing increases in benchmark interest rates, are anticipated to contribute…
Bontang City's Potential as a Hub for Canned Fish Processing Industry Due to Abundant Sea Harvest
The potential of capture fisheries in Bontang City has caught the attention of the East Kalimantan Investment and Integrated One-Stop Service Agency (DPMPTSP Kaltim). The significant and consistent production value is seen as a potential area for further development towards a larger industry. According to data from the Central Statistics…
Indonesia's Trade Surplus Surpasses Expectations Despite Decreased Exports and Imports
Indonesia's trade surplus in April exceeded expectations despite a significant decline in exports and imports, driven by falling prices of key commodities such as palm oil, coal, and nickel. The country's exports fell by 29.4% compared to the previous year, marking the largest decline since 2009. However, Indonesia still achieved…
