Indonesian Political, Business & Finance News

Archive: 17 March 2010

2 articles found

Furniture Entrepreneurs Are Convinced They Can Compete Against China

TEMPO Interactive, Jakarta:The Indonesian Furniture Entrepreneurs Association (ASMINDO) is optimistic that Indonesia’s furniture industry could compete with China. “This is an economic war, but our turf is quality,” said ASMINDO Chairman, Ambar Tjahjono, in Jakarta, on Sunday (14/3). According to Ambar the potential of domestic market for Chinese furniture is in the region of US$500 million or around Rp4.6 trillion.

N Sulawesi world`s biggest nutmeg supplier

Manado (ANTARA News) - North Sulawesi province is supplying 75 percent of global nutmeg needs, confirming its position as the world`s biggest supplier of the commodity, an official said. The province exported 1,000 to 2,000 tons of nutmeg every month while global demand for the commodity stood at around 20,000 tons per year, Head of the North Sulawesi Provincial Industry and Trade Office Sanny Parengkuan said here on Tuesday.