Category: Market

Indonesia is proud to be the official partner country of the Hannover Messe 2021: Digital Edition that was virtually inaugurated by President Joko Widodo (Jokowi) and German Chancellor Angela Merkel jointly on Tuesday. “This is an extraordinary award, as we are trusted (to be the partner country), which we should be proud of. This is because several competing countries were also keen to be partner countries at the Hannover Messe,” Industry Minister Agus Gumiwang Kartasasmita remarked here following the inauguration. It is a matter of pride and a valuable momentum…

Indonesian garment company and South African micro, small, and medium enterprises (MSMEs) are cooperating to establish a textile joint venture company, Pan Africa. “Establishing a factory by involving local resources and local wisdom is the most tangible form of bilateral cooperation. Today, we are witnessing a manifestation of good concerns and thoughts between the two countries,” according to Indonesian Ambassador to South Africa, Salman Al Farisi, as noted in a statement issued by the Indonesian Embassy in Pretoria and received here, Monday. “With emphasis on empowering small businesses and women,…

The government is optimistic of the implementation of Industry 4.0 building Indonesia to rank among the 10 largest economies in 2030, as outlined in the Making Indonesia 4.0 roadmap. “As conveyed by President Joko Widodo at the opening of the Hannover Messe 2021 Digital Edition, the development of Industry 4.0 would place Indonesia among the top 10 global economies in 2030,” Industry Minister Agus Gumiwang Kartasasmita noted in a statement here on Tuesday. Kartasasmita believes that the Making Indonesia 4.0 roadmap is a strategic initiative and national agenda aimed at…

Coordinating Minister for Economic Affairs Airlangga Hartarto  believes that corrupt practices hinder the rate of investment, job creation, and economic growth. “Efforts to prevent corruption are important, as corrupt practices have been proven to hinder investment, economic growth, and job creation,” Minister Hartanto remarked at the Corruption Prevention Action Launch event here on Tuesday. Hence, the minister noted that the Job Creation Law was one of the means to averting potential acts of corruption. Hartanto expounded that the law would enable to boost transparency in the land spatial sector, simplify permits…

  The Bank Indonesia (BI) Representative Office in Bengkulu province has asked the public to remain alert for fake banknotes during the fasting month of Ramadhan. The BI office is coordinating with the law enforcement agency in curbing the circulation of fake currency in the province during Ramadhan, chief of the BI Office, Joni Marsius, said here on Tuesday. “We will provide law enforcement agency personnel with inputs on the technique of falsifying banknotes and support them in combating the circulation of fake banknotes,” he informed. As part of efforts…

Indonesia’s Ministry of Maritime Affairs and Fisheries (KKP) intercepted and detained five Vietnamese-flagged fishing boats on grounds of poaching in the Natuna waters, Riau Islands Province. “We seized five foreign fishing boats bearing Vietnamese flags when they were about to steal or catch squids in the northern Natuna Sea, Riau Islands,” Acting Director General of Marine Resources and Fisheries Monitoring (PSDKP) Antam Novambar stated at the Rengas River here, Monday. A total of 20 crew members of the foreign boats were also placed in detention. “Currently, the five foreign boats…