Indonesia promotes development of pharmaceutical sector
The Indonesian government has set up a pharmaceutical holding company responsible for providing feedstock for the local pharmaceutical sector, helping reduce the nation’s dependency on imports of medical raw materials from 90 percent to 75 percent.
A pharmaceutical holding company responsible for providing feedstock for the pharmaceutical sector has just been set up in Indonesia. (Photo: gbgindonesia.com)
Jakarta (VNA) – The Indonesian government has set up apharmaceutical holding company responsible for providing feedstock for the localpharmaceutical sector, helping reduce the nation’s dependency on imports ofmedical raw materials from 90 percent to 75 percent.
The enterprise, a joint state-owned company comprisingPT Bio Farma, PT Kimia Farma and PT Indofarma, has total assets of 30.6trillion IDR (2.18 billion USD).
CEO of PT Bio Farma Honesti Basyir said at a recent press conference that afterconsolidation, the company has more capacity to improve the business efficiencyof its member firms.
High dependency on imported materials has increased drug prices in the country,he added.
Meanwhile, Managing Director of Kimia Farma VerdiBudidarmo stressed that Indonesia needs a huge amount of raw materials andadvanced technologies to develop the pharmaceutical industry.
Indonesia, home to over 250 million people, has favourable investment conditionsand a huge market for the industry, he stated.
Director-general for pharmaceuticals and medicalequipment at the health ministry Maura Linda Sitanggang affirmed the governmentencourages collaboration among academics, businesses and state managers toenhance production of raw materials with a view to reducing imports by 5percent per year.
Development of the pharmaceutical sector is among 15 programmes prioritised bythe government to stimulate inclusive and sustainable economic growth, as wellas improve the competitive capacity of Southeast Asia’s largest economy./.
Indonesian President Joko Widodo has recently issued a government’s decree on special economic zones (SEZs) in order to draw over 50 billion USD into them in the next decade.
Indonesian Minister of Tourism Wishnutama Kusubandio on February 5 said the acute respiratory disease caused by the novel corona virus may cause losses of up to 54.8 trillion Rupiah, or 4 billion USD.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
A pharmaceutical holding company responsible for providing feedstock for the pharmaceutical sector has just been set up in Indonesia. (Photo: gbgindonesia.com) 
