Business News
Italian Economy Bounces Back in First Quarter, Says Bank of Italy
The Bank of Italy has indicated that Italy's economic output likely grew in the first quarter of 2023, thanks to eased energy costs. This would be an improvement from a decline of 0.1% in gross domestic product (GDP) in the last quarter of 2022. The central bank's quarterly economic bulletin,…
Ministry of Marine Affairs and Fisheries Reveals Strategy to Achieve 2 Million Tons of Shrimp Production Target in 2024
The Indonesian government aims to produce 2 million tons of shrimp by 2024. To achieve this, the Ministry of Marine Affairs and Fisheries (KKP) has implemented three strategic steps. These include evaluating shrimp cultivation areas, revitalizing traditional shrimp ponds to increase productivity, and building modern integrated shrimp farming areas through…
Anticipated Rise in Domestic Tourists Expected in Bali a Week Before Eid al-Fitr
The Head of Bali Provincial Tourism Office, Tjok Bagus Pemayun, predicts an increase in domestic tourist arrivals during the Eid al-Fitr holiday in 2023, with arrivals expected to start seven days before the holiday, especially from Java Island. Tjok Bagus targets a 20% increase in domestic tourists to Bali compared…
Trade Sector's Remarkable Contribution to Economic Growth Proven
The trade sector in Indonesia has been able to contribute significantly to economic growth. In 2022, the contribution of exports of goods and services to Indonesia's Gross Domestic Product (GDP) reached 24.49%. Furthermore, Indonesia's trade balance recorded a surplus of USD 54.53 billion in 2022, which is the highest in…
