In a move that could significantly expand Indonesia’s influence in the global halal market, Peru has expressed its desire for Indonesia to become the hub for halal certification in Latin America. This was revealed by Anindya Bakrie, Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), in a report by ANTARA News. The shift towards Indonesia as the central authority for halal certification could potentially boost the nation’s standing in the global halal market, estimated to be worth $2.5 trillion by 2024.

Peru’s push for Indonesia to take on this role is indicative of the growing recognition of the expansive halal market, especially in non-Muslim majority countries. By creating a central hub for halal certification, it could streamline the process for Latin American countries looking to tap into the halal market, while also offering a significant opportunity for Indonesia to establish its authority in this rapidly growing sector.

This development coincides with another significant event in the Unrest Triggers Market Selloff in Indonesian Tech Industry">Triggers Market Selloff in Indonesian Tech Industry">Indonesian tech industry. Intellifusion, a tech company specializing in AI inference chips, has submitted an application to list on the Hong Kong Stock Exchange. The news was reported by Indonesia News Zone, highlighting a major step forward for the country’s tech industry.

AI inference chips are a cutting-edge technology, used for making predictions based on data analysis. They are integral to the functioning of AI applications in areas such as image recognition, natural language processing, and autonomous vehicles. Intellifusion’s move to list on the Hong Kong Stock Exchange underscores the company’s ambition and paints a promising picture for the future of AI technology in Indonesia.

These two developments, while seemingly unrelated, are indicative of Indonesia’s growing influence in the global market, both in terms of technology and halal certification. As the country continues to make strides in these areas, it will be interesting to watch how these sectors evolve and what impact they will have on Indonesia’s economy in the long run.