Indonesia’s manufacturing companies: The next economic powerhouse
The expansion of Indonesia’s manufacturing industry has shown a positive trajectory following the global COVID-19 pandemic in 2020. The industry was worth US$240 billion in 2022 and was the 12th-biggest manufacturer in the world. The nation’s manufacturing industry grew by 4.64% in 2023 and contributes around 20% to Indonesia's total Gross Domestic Product (GDP), which amounted to US$1.371 trillion.
Strengthening business fundamentals, Bababos is on the path to profitability
Manufacturing startup Bababos believes it is on the path to profitability (path-to-profitability) which is strong after focusing on improving business fundamentals through significant improvements throughout 2023.