Dried nutmeg seeds (illustration)

N Sulawesi exports nutmeg to India

REPUBLIKA.CO.ID, MANADO - North Sulawesi exports 4.7 tonnes of nutmeg to India worth 53,375 USD. In India, nutmeg usually becomes the main ingredient for spices, aroma therapy, and pharmaceutical industry.  "Our farmers will increase its production quality," Head of industry and trade department in Manado, Olvie Atteng said recently. North Sulawesi nutmeg products met 70 percent of global market demand. Nutmeg...

Food and beverage industry in Indonesia (illustration)

Siregar: Indonesia's FDI should increase 15 pct in the second quarter

REPUBLIKA.CO.ID, JAKARTA - Foreign direct investment (FDI) in Indonesia in the second quarter is expected to be 15 percent higher than a year earlier, compared with a 9.8 percent increase in January-March.  "God willing, there is no change (to the investment target of 15 percent)," Mahendra Siregar, chief of Indonesia's Investment Coordinating Board, told reporters on Wednesday. The government has targeted...