Business News
Ministry of Agriculture Exports 327 Tons of Veterinary Medicine Raw Materials to European and Asian Markets
The Ministry of Agriculture (Kementan) released the first export of raw materials from animal origin preparations premix, in this case Feed Supplement in the form of Tryptophan Granule (animal feed amino acid) produced by PT. Cheil Jedang Indonesia. Total exports were 327 tonnes with a value of USD1.5 million or…
Quarter III-2020, The Volume of Coffee Warehouse Receipt Grows to 215 Percent
PT Kliring Berjangka Indonesia (Persero) released the growth of Coffee Warehouse Receipt up to the third quarter of 2020. Data from the BUMN, which acts as the Warehouse Receipt Registration Center, states that in 2020 the use of Warehouse Receipt Receipts experienced a very significant growth. For the period up…
Sharia Economy to Become ‘New Wave’ of Indonesia’s Economy: VP
The sharia economy could become the “new wave” of Indonesia’s economy and strengthen the country’s economic resilience, Vice President Ma’ruf Amin has said. He cited a Boston Consulting Group (BCG) estimate that there were 64.5 million middle-class Muslims in Indonesia in 2020. This presents a huge opportunity for sharia finance,…
Italy Defense Budget Rebounds Despite Coronavirus Crisis
Italy has announced a major boost to its defense budget even as the country spends millions of euros battling the devastating effect of COVID-19 on its economy. Overall defense ministry spending is up 9.6 percent this year to €15.3 billion (U.S. $18.1 billion), with the procurement budget emerging as the…
