The index of industrial production (IIP) increased by 9.9 per cent during the first five months of the year over the same period of last year. Whereas, the processing and manufacturing industry grew by 12.6 percent, while the electricity production and distribution industry 8.3 percent, the water supply, drainage and waste treatment 7.5 percent, while the mining industry decreased by …

The Indonesian Palm Oil Association (Gapki) recently announced that Indonesia’s exports of crude palm oil and its derivatives increased three percent to 2.76 million tons in September this year from 2.68 million tons in August. Export volume growth was attributed to an increase in exports to countries such as China, Brazil, Malaysia, Russia, and Africa, Gapki CEO, Mukti Sardjonoo. While …

Edhy Prabowo, Minister of Maritime Affairs and Fisheries, is deeply committed to breathing new life into the tourism sector in Nias Pesisir, North Sumatra, by lending, among other things, funding to the implementation of the Video Tourism Contest. They praise Nias Pesisir, who arranged the VTC series. In the post-pandemic era, the contest will become a promotional event and simultaneously …

President Joko Widodo shared that the government would try to push the growth of the financial industry of the domestic sharia that he described as a sleeping giant. Jokowi claims that one plan for awakening the sleeping giant was to develop an institution that would emerge as Indonesia’s largest sharia bank. The President applied to the merger of three Sharia …

In the midst of the growth of the digital economy and tech-driven capitalism, PTT is moving forward to join forces with a leading Silicon Valley tech company to push Thai economy. With the goal of transforming Thailand through digital transformation, PTT Public Company Limited is announcing its partnership with the Silicon Valley based business Plug and Play Tech Center, an …

GM’s Feb 17 announcement that it would cease its Thai market operations and sell the Rayong plants has shaken the automotive sector in several dimensions. From sales, production, exports and auto supply chains to auto loans, car insurance and the used-car market, the aftermath of the exit remains unresolved. And while Chevrolet Thailand, the local distribution arm of GM, has …