Business News
Base Metals Industry Grows 7.9% Q1 2022
The Ministry of Industry (Kemenperin) noted that the base metal industry grew 7.9% year on year (yoy) in the first quarter of 2022. The growth was driven by increased foreign demand such as ferrous alloy nickel and aluminum oxide products as well as national consumption activities in the iron and…
Mahfud MD Says Indonesia Can Become a Great Power of the World Economy in 2045
Coordinating Minister for Political, Legal and Security Affairs Mahfud MD stated that based on scientific calculations carried out by a number of credible institutions, by 2045 Indonesia could become the fourth or fifth economic power country in the world. Indonesia's position will be under China, India and the United States.…
Energy Imports Up 193.8% in April
Italy's energy imports rose an annual 193.8% in April, Istituto Nazionale di Statistica (ISTAT) said Friday. Imports from Russia rose 118.8% in value and imports from The Organization of the Petroleum Exporting Countries (OPEC) countries were 109.6% up in value terms, the stats agency said. Italian exports to Russia showed…
Italy’s Travel & Tourism Sector to Create Nearly Half a Million Jobs Over Next Decade, Report Shows
The World Travel and Tourism Council (WTTC) estimates that Italy’s Travel and Tourism sector will significantly boost the country’s economic recovery, and the same could almost reach pre-pandemic levels next year, just 0.3% below the levels of 2019. The WTTC’s recent Economic Impact Report (EIR) also shows that the sector’s…
