Economic growth to reach 5.5% in 3rd Quarter 2022 Bank Indonesia (BI) is confident that the increasing domestic demands will boost the national economic growth in the third quarter of 2022, arriving at a higher rate than 5.44% year-on-year (yoy) … Continue reading →
Indonesia booked a higher current account surplus in the second quarter this year thanks to strong commodities exports performance, providing the country with much-needed support to maintain its external resilience amid slowing down global economic prospects and soaring inflation. The country’s … Continue reading →
Hyundai will start producing electric cars in Indonesia in March 2022 while admitting that it’s going to be a big gamble to enter a segment not familiar to local buyers. The South Korean company completed the construction of its $1.5 … Continue reading →
As part of Indonesia’s ongoing reforms to improve its investment climate, foreign investors must now face a new criterion to obtain business licenses in the country. In addition to having the necessary paid-in capital, business licenses will now be issued … Continue reading →
The Asian Development Bank (ADB) has projected that the Indonesian economy will return to high growth, last seen in the pre-pandemic era, in 2022, with the economy forecast to expand 5 percent next year. The bank also projected a 4.5-percent … Continue reading →
State-owned PT Semen Indonesia, the country’s biggest cement producer, has reached a multimillion dollar deal to establish a strategic partnership in expanding its market reach worldwide. Under the deal, Japanese cement producer Taiheiyo Cement Corporation is to invest US$220 million … Continue reading →
Setup Indonesian Representative Office Foreign investor could setup a Representative Office to study the market for a maximum period of 5 years. Foreign Representative Office is an office incorporated by an overseas company to represent itself in Indonesia with a … Continue reading →
Not deterred by the pandemic-induced market volatility, the number of retail investors in Indonesia’s stock market continues to rise with new investors hopeful of reaping future profits from today’s low base, providing a buffer for the local bourse as foreign … Continue reading →
Direct investment in the medical device industry of Indonesia soared nearly seven-fold to IDR 4.7 trillion (approx. USD $343 million) in 2017 (compared to the preceding year). Rising investment stems from new as well as existing local companies, foreign investors, … Continue reading →
Indonesia’s Ministry of Research, Technology and Higher Education is optimistic that at least two foreign universities will open their doors in Indonesia this year after the Indonesian government had earlier decided to open opportunities for foreign, private universities to open … Continue reading →