Indonesia is set to become the Muslim Fashion center, targeting five Middle Eastern countries—Iran, Turkey, Saudi Arabia, Pakistan, and Egypt—as potential markets for exporting apparel and footwear.
"Given the current market opportunities and the growth of the Muslim fashion industry, we must remain optimistic about maximizing a share of the domestic market and boosting our competitiveness in the global market. " - said Reni Yanita, Director General of Small, Medium, and Miscellaneous Industries at the Ministry of Industry.
Reni stated that the Muslim apparel industry is expected to experience rapid growth in the coming years, in line with the expansion of the global Islamic economic market.
According to Radio Republik Indonesia, the DinarStandard Institute, in its report The State of Global Islamic Economy 2023-2024, projected that Muslim consumer spending across six key sectors would increase to $3.1 trillion by 2027.
In particular, six sectors of the Islamic economy are expected to grow rapidly - food, fashion, media and recreation, travel, pharmaceuticals, and cosmetics.
By 2027, Muslim spend on apparel and footwear is forecast to reach $428 billion.
Reni said that consumption of halal goods and services in Indonesia is expected to reach $330.5 billion this year. Meanwhile, apparel and fashion is the second highest consumed category in the Indonesian halal market.
She invited all stakeholders of the industry, including associations, the textile industry actors, business entities, designers, academia and influencers to contirubute in developing sustainable and competitive Muslim fashion industry.
The Indonesian Fashion Chamber has hosted the Muslim Fashion Festival (MUFFEST), the largest event showcasing the latest trends and designs in Muslim fashion. This year’s MUFFEST+, themed "Connecting in Style" marks its 10th anniversary by showcasing Fashion shows & exhibitions from more than 130 brands and designers.
Indonesia will officially become a member of the New Development Bank (NDB), a multilateral financial institution established by BRICS nations, President Prabowo Subianto announced on Tuesday.
A 5.6 magnitude earthquake struck Sulawesi, Indonesia, on Friday, sending tremors across the region. Local authorities are now assessing potential damage and preparing for possible aftershocks.
Torrential rain that began on Monday has led to widespread flooding in and around Indonesia's capital, forcing thousands of residents to evacuate their homes.
Senior Russian official Sergei Shoigu held talks with Indonesia's president and defence minister as Moscow and Jakarta aim to strengthen defence and security ties. Indonesian leader accepted President Vladimir Putin's invitation to come to Russia.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
Sweden announced its largest military aid package to Ukraine worth $1.6 billion to help Kyiv strengthen its position in peace talks. The package includes new equipment and financial donations for Ukraine's defense industry, with Sweden's total support since 2022 reaching 80 billion crowns.
Britain's King Charles is resuming public duties this week after a brief hospital visit due to side effects from his cancer treatment. Following a restful weekend, he is preparing for a regular working week at Windsor Castle, with some appointments rescheduled ahead of his state visit to Italy.
Thomas Lubanga, a convicted war criminal, has announced the formation of the Convention for the Popular Revolution (CPR) in eastern Congo's Ituri province, posing a new security threat as Congo's army faces advances by Rwandan-backed M23 rebels.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing 2056 people and leaving 3,900 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The International Monetary Fund (IMF) Executive Board has completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about $0.4 billion, which will be allocated for budget support.
Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
Popular coffee brands are negotiating price hikes with retailers due to a sharp rise in arabica costs, with some supermarket shelves running out of stock. Prices may increase by up to 25% as companies grapple with supply chain pressures.
Zhang Yiming, the founder of Bytedance and owner of TikTok, has become China’s richest person, according to multiple wealth rankings. Bloomberg Billionaires Index places him as the world’s 24th wealthiest individual, with his fortune estimated between $57.5 billion and $65.5 billion.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
Sweden announced its largest military aid package to Ukraine worth $1.6 billion to help Kyiv strengthen its position in peace talks. The package includes new equipment and financial donations for Ukraine's defense industry, with Sweden's total support since 2022 reaching 80 billion crowns.
Britain's King Charles is resuming public duties this week after a brief hospital visit due to side effects from his cancer treatment. Following a restful weekend, he is preparing for a regular working week at Windsor Castle, with some appointments rescheduled ahead of his state visit to Italy.
Thomas Lubanga, a convicted war criminal, has announced the formation of the Convention for the Popular Revolution (CPR) in eastern Congo's Ituri province, posing a new security threat as Congo's army faces advances by Rwandan-backed M23 rebels.
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