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Breaking news and major developments shaping North Sumatra's economic landscape

North Sumatra Attracts $2.5B in New Investment Commitments
InvestmentDecember 15, 20235 min read

North Sumatra Attracts $2.5B in New Investment Commitments

Major international investors commit to large-scale projects in manufacturing, agriculture, and tourism sectors during the recent investment forum.

Lake Toba Tourism Zone Receives UNESCO Recognition
TourismDecember 12, 2023

Lake Toba Tourism Zone Receives UNESCO Recognition

The Lake Toba Geopark has been officially recognized by UNESCO, boosting tourism potential and international visibility.

New Free Trade Zone Operational in Batam
TradeDecember 10, 2023

New Free Trade Zone Operational in Batam

The expanded Batam Free Trade Zone is now fully operational, offering enhanced facilities for international trade and manufacturing.

News by Category

Browse news and updates organized by sector and topic

Digital Infrastructure Investment Reaches $500M
InfrastructureDecember 8, 2023

Digital Infrastructure Investment Reaches $500M

Major telecommunications companies invest in 5G network expansion across North Sumatra.

Palm Oil Export Prices Hit Record High
TradeDecember 7, 2023

Palm Oil Export Prices Hit Record High

Strong international demand drives palm oil prices to new heights, benefiting local farmers.

New Tourism Visa Policy Boosts Visitor Numbers
TourismDecember 6, 2023

New Tourism Visa Policy Boosts Visitor Numbers

Simplified visa procedures result in 35% increase in international tourist arrivals.

Manufacturing Sector Shows 18% Growth
InvestmentDecember 5, 2023

Manufacturing Sector Shows 18% Growth

Automotive and electronics manufacturing lead the industrial expansion in North Sumatra.

Green Energy Initiative Launches
PolicyDecember 4, 2023

Green Energy Initiative Launches

Government announces $1B renewable energy program focusing on solar and hydroelectric power.

Port Expansion Project Completed
InfrastructureDecember 3, 2023

Port Expansion Project Completed

Belawan Port's new container terminal increases capacity by 40%, enhancing trade capabilities.

Latest Updates

Press Release2 hours ago

North Sumatra Investment Agency Announces Q4 Results

Market Update4 hours ago

Rubber Prices Surge 15% Following Strong Export Demand

Policy News6 hours ago

New Tax Incentives for Green Technology Investments

Infrastructure8 hours ago

Medan-Binjai Toll Road Construction Reaches 80% Completion

Tourism12 hours ago

Lake Toba Visitor Numbers Exceed Annual Target

Investment1 day ago

Japanese Automotive Company Plans $200M Expansion

Economic Indicators

GDP Growth
6.2%
+0.3%
Export Value
$5.8B
+12.5%
FDI Inflow
$2.1B
+18.7%
Tourism Revenue
$1.2B
+22.3%

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