Latest news with #IndonesianBusinessCouncil
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
Trump's trade shock pressures Indonesia to revamp policy, former minister says
TOKYO -- Indonesia's recent economic downturn can only be solved by structurally reforming government policy and the bureaucracy, a former cabinet minister now leading a business lobby group says, noting the U.S. tariffs are providing an unlikely impetus. "A lot of Indonesians believe that [U.S. President Donald] Trump's trade policies have created the external pressure for internal policy to be changed," Sofyan Djalil, chief executive of the Indonesian Business Council, said. "This shock might help us reform trade policy, bureaucracy and investment requirement policies."
Trade Arabia
06-05-2025
- Business
- Trade Arabia
Dubai chamber members' Q1 exports jump 16.8% to $23.4bn
The value of exports and re-exports by Dubai Chamber of Commerce members achieved year-over-year (YoY) growth of 16.8% in first quarter of 2025 to reach AED86 billion ($23.41 billion) in Q1 2025. Dubai Chamber of Commerce is one of the three chambers operating under the umbrella of Dubai Chambers. The achievement reflects the chamber's ongoing efforts to enhance Dubai's competitive business landscape and support the international expansion of companies operating in the emirate. During the same period, the chamber issued 204,240 Certificates of Origin, representing an increase of 7% compared to Q1 2024. The chamber also issued and received 1,656 ATA Carnets with a combined value of around AED 984 million. A total of 18,160 new companies joined Dubai Chamber of Commerce during the three-month period, underlining Dubai's growing appeal as a global business hub with a fully integrated ecosystem. Dubai Chamber of Commerce successfully supported the expansion of 28 local companies into new global markets during Q1 2025, representing a 75% increase compared to the 16 companies supported during the same period last year. Eng Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, said: 'Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we are continuing to strengthen our efforts to enhance the private sector's ability to drive sustainable growth in both local and international markets. The chamber's services and initiatives contribute positively to the increasing momentum of trade and investment flows between Dubai and the rest of the world.' Al Mansoori added: 'We remain committed to our pivotal role in supporting economic development by enhancing the competitiveness of Dubai's business environment and fostering constructive public-private partnerships. Through our activities, we are strengthening Dubai's agile, resilient, and sustainable economic model and empowering the business community to capitalise on future opportunities.' Dubai Chamber of Commerce, through its Business Advocacy sector, reviewed 10 laws and draft laws in collaboration with Business Groups during Q1 2025, with 55% of the private sector's recommendations adopted. A total of 55 meetings were held with Business Groups and Councils, including their annual general meetings, representing a 166% increase compared to Q1 2024. The chamber also coordinated four joint meetings between Business Groups and Councils and relevant government entities. In addition, Dubai Chamber of Commerce established the Indonesian Business Council and the Hungarian Business Council during the three-month period. The chamber received 45 mediation cases with a combined value of AED7.3 million, representing a 50% increase in case volume and a 232% rise in total value compared to Q1 2024. Participation in the chamber's business networking events also achieved YoY growth of 17% to reach 1,617 attendees. Enhancing legal awareness As part of its efforts to raise awareness among the business community about key legal and regulatory updates in diverse sectors, the chamber organised 10 legal awareness events during Q1 2025. These attracted 587 representatives from private sector companies operating across a broad range of industries, supporting compliance with laws and regulations and promoting the adoption of best practices. During Q1 2025, Dubai Chambers also participated in the World Government Summit as a Featured Partner. As part of the event, Dubai Chambers hosted a high-level family business roundtable that explored ways to preserve the legacy of family businesses. The roundtable showcased global best practices, as well as the latest governance frameworks that support sustainable growth and effective strategies for the development of the next generation of family business leaders. Organised in collaboration with Dubai Chambers, the roundtable brought together government officials and more than 50 senior executives from leading global family businesses. -
Hi Dubai
03-03-2025
- Business
- Hi Dubai
Dubai Chamber of Commerce Launches Indonesian Business Council to Strengthen Bilateral Trade Ties
Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, has announced the establishment of the Indonesian Business Council. This strategic initiative aims to bolster trade and investment relations, unlock business opportunities, and foster collaboration between Dubai and Indonesia's business communities. The new council increases the total number of Business Councils operating under Dubai Chamber's umbrella to 59. The launch highlights Dubai's rising appeal among Indonesian businesses and investors. Non-oil bilateral trade between the two regions exceeded AED 10 billion in the first nine months of 2024, reflecting their robust commercial partnership. Additionally, the number of Indonesian businesses registered as active members of Dubai Chamber of Commerce grew by 60% in 2024, reaching 160 by the end of the year. The Indonesian Business Council recently held its inaugural annual general meeting at Dubai Chambers' headquarters. Attendees discussed collaborative strategies, upcoming bilateral business events, and emerging opportunities. The meeting also facilitated the exchange of expertise and market insights to strengthen mutual economic ties. Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, highlighted the vital role of Business Councils in fostering dialogue and cooperation between business communities. 'We are committed to empowering Business Councils to support companies in exploring new opportunities, expanding cooperation, and enhancing the private sector's competitiveness, all of which contribute to sustainable economic growth in Dubai.' In line with its commitment to enhancing Dubai-Indonesia relations, Dubai International Chamber inaugurated a representative office in Jakarta in 2023. This was followed by a trade mission to Southeast Asia in May 2024, which saw 200 bilateral business meetings and the 'Doing Business with Indonesia' forum, drawing 472 participants, including top officials and business leaders eager to explore partnership opportunities with Dubai-based companies. News Source: Emirates News Agency
Gulf Today
01-03-2025
- Business
- Gulf Today
Dubai, Indonesia to strengthen trade and investment relations
Dubai Chamber of Commerce (DCC), one of the three chambers operating under Dubai Chambers, has announced the establishment of the Indonesian Business Council. The launch of the new council is aimed at enhancing trade and investment relations, fostering new business opportunities, and expanding collaboration between the business communities in Dubai and Indonesia. The establishment brings the total number of Business Councils operating under the chamber's umbrella to 59. The launch of the Indonesian Business Council reflects Dubai's growing appeal to Indonesian businesses and investors. Non-oil bilateral trade between Dubai and Indonesia surpassed Dhs10 billion during the first nine months of 2024, underlining the strong commercial ties between the two markets. The number of Indonesian businesses registered as active members of Dubai Chamber of Commerce achieved annual growth of 60 per cent last year to reach 160 by the end of December 2024. The first annual general meeting of the Indonesian Business Council was recently held at Dubai Chambers' headquarters. Members discussed ways to enhance collaboration, organise bilateral business events, and explore emerging opportunities, as well as exchanging expertise and valuable market insights. Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, commented: 'Business Councils play a vital role in strengthening trade and investment ties by providing interactive platforms for dialogue and cooperation between business communities. We are committed to empowering Business Councils to support companies in exploring new opportunities, expanding cooperation, and enhancing the private sector's competitiveness, all of which contribute to sustainable economic growth in Dubai.' As part of its ongoing drive to strengthen trade and investment ties between Dubai and Indonesia, Dubai International Chamber inaugurated a representative office in Jakarta in 2023. Building on this momentum, the chamber organised 200 bilateral business meetings in Jakarta between 17 Dubai-based companies and Indonesian firms as part of a trade mission to Southeast Asia in May 2024, which included visits to Indonesia and Vietnam. During the mission, the 'Doing Business with Indonesia' forum attracted a record 472 participants including high-ranking officials, business leaders, and local Indonesian companies keen to explore partnership opportunities with Dubai's business community. This strong turnout reflects the growing interest in collaborating with companies operating in Dubai among Indonesia's private sector. The Business Councils under the umbrella of Dubai Chamber of Commerce represent the interests of businesses and investors operating in Dubai from specific countries. In collaboration with the chamber, Business Councils focus on boosting bilateral trade and investment relations between Dubai-based companies and businesses from the markets represented, with the goal of strengthening strategic economic partnerships. Established in 1965, Dubai Chamber of Commerce continues to represent, support, and protect the interests of the business community in Dubai, create a stimulating business environment, and promote the emirate as a global business hub. The chamber is one of three chambers operating under the umbrella of Dubai Chambers, which was restructured under a decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Meanwhile earlier Dubai Chambers has successfully organised the Dubai-Bangladesh Business Briefing, with the goal of enhancing bilateral economic and investment relations, fostering cooperation between the business communities in both markets across key sectors, and supporting the growth of bilateral trade. As part of the event, a Memorandum of Understanding (MoU) was signed between Dubai Chambers and the Dhaka Chamber of Commerce & Industry (DCCI). The agreement is designed to broaden bilateral cooperation and promote efforts to diversify and expand mutual trade and investments. The two parties will provide comprehensive support to strengthen connections between exporters and importers from Dubai and Dhaka, including the facilitation of business-matching services. The MoU also seeks to encourage joint ventures and collaborative investments between private sector companies in both markets. The agreement outlines cooperation between the two parties in areas including the organisation of specialised trade events, exhibitions, and investment missions. The two chambers will also focus on sharing commercial and economic data to facilitate the exchange of market intelligence. The agreement was signed by Mohammed Ali Rashed Lootah, President and CEO of Dubai Chambers, and Taskeen Ahmed, President of the Dhaka Chamber of Commerce & Industry. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, 'Dubai Chambers is committed to extending comprehensive support to Bangladeshi businesses and investors to help them grow their operations in Dubai and leverage the emirate's competitive advantages.
Web Release
01-03-2025
- Business
- Web Release
Dubai Chamber of Commerce launches Indonesian Business Council to strengthen trade and investment relations
By Editor_wr On Mar 1, 2025 Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the establishment of the Indonesian Business Council. The launch of the new council is aimed at enhancing trade and investment relations, fostering new business opportunities, and expanding collaboration between the business communities in Dubai and Indonesia. The establishment brings the total number of Business Councils operating under the chamber's umbrella to 59. The launch of the Indonesian Business Council reflects Dubai's growing appeal to Indonesian businesses and investors. Non-oil bilateral trade between Dubai and Indonesia surpassed AED 10 billion during the first nine months of 2024, underlining the strong commercial ties between the two markets. The number of Indonesian businesses registered as active members of Dubai Chamber of Commerce achieved annual growth of 60% last year to reach 160 by the end of December 2024. The first annual general meeting of the Indonesian Business Council was recently held at Dubai Chambers' headquarters. Members discussed ways to enhance collaboration, organise bilateral business events, and explore emerging opportunities, as well as exchanging expertise and valuable market insights. Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, commented: 'Business Councils play a vital role in strengthening trade and investment ties by providing interactive platforms for dialogue and cooperation between business communities. We are committed to empowering Business Councils to support companies in exploring new opportunities, expanding cooperation, and enhancing the private sector's competitiveness, all of which contribute to sustainable economic growth in Dubai.' As part of its ongoing drive to strengthen trade and investment ties between Dubai and Indonesia, Dubai International Chamber inaugurated a representative office in Jakarta in 2023. Building on this momentum, the chamber organised 200 bilateral business meetings in Jakarta between 17 Dubai-based companies and Indonesian firms as part of a trade mission to Southeast Asia in May 2024, which included visits to Indonesia and Vietnam. During the mission, the 'Doing Business with Indonesia' forum attracted a record 472 participants including high-ranking officials, business leaders, and local Indonesian companies keen to explore partnership opportunities with Dubai's business community. This strong turnout reflects the growing interest in collaborating with companies operating in Dubai among Indonesia's private sector. The Business Councils under the umbrella of Dubai Chamber of Commerce represent the interests of businesses and investors operating in Dubai from specific countries. In collaboration with the chamber, Business Councils focus on boosting bilateral trade and investment relations between Dubai-based companies and businesses from the markets represented, with the goal of strengthening strategic economic partnerships. Comments are closed.
