Ministry Sets Ambitious Export Growth Targets
Speaking at the Gambir Trade Talk event in Jakarta on Tuesday (19/11/24,) Head of Indonesia’s Ministry of Trade Policy Agency, Fajarini Puntodewi, said that the ministry has established an ambitious export expansion goal, targeting growth rates reaching between 7.1 percent up to 9.6 percent over the upcoming five-year period, according to Antara News. Puntodewi said
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Best Tourism Villages 2024: Jatiluwih & Wukirsari
Two Indonesian villages, Jatiluwih in Bali and Wukirsari in Yogyakarta, recently achieved global recognition by being crowned World’s Best Tourism Villages 2024 by the United Nations World Tourism Organization (UNWTO). The prestigious award ceremony, which took place in Colombia on November 15, 2024, celebrated Indonesia’s growing commitment to sustainable and community-based tourism. This achievement
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Start Your Fashion Business: Simple Guide to the Indonesian Market
Despite a decline in consumer purchasing power in Indonesia during Q3 of 2024, small and medium enterprises (SMEs) in the country have taken this challenge as an opportunity to innovate and adapt through creativity and strategic marketing. Among the businesses that continue to thrive during economic downturns, the fashion market stands out as one of
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Next Year’s VAT Hike Will Shift Consumer Spending
Chair of the Indonesian Retail Entrepreneurs Association (Aprindo), Solihin, anticipates a shift in consumer spending patterns once the 12 percent value-added tax (VAT) rate is implemented next year, according to reporting from Tempo. Although basic necessities are exempt from VAT according to Law Number 7 of 2021 concerning Tax Regulation Harmonization, other goods, such as
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