Jakarta (ANTARA) – President Joko Widodo (Jokowi) has expected that trading activities will increase significantly after the government terminated the implementation of Community Activity Restrictions (PPKM). He made the statement while reviewing commerce activities and commodity prices at the Sentul … Continue reading →
Head of the Research Center for Macroeconomics and Finance of the National Research and Innovation Agency (BRIN), Zamroni Salim, has projected that Indonesia’s economy will grow well in the range of 4.9–5.2 percent in 2023. “In facing the uncertain global … Continue reading →
Bank Indonesia (BI) Governor Perry Warjiyo has said that he is optimistic about Indonesia’s digital finance growth outlook for 2023 despite the global economic stagnation expected the same year. During a coordination meeting of the Regional Digitization Acceleration and Expansion … Continue reading →
Special Staff of the Minister of Finance for Regional Fiscal Policy Formulation Titik Anas stated that investment entering Indonesia had succeeded in absorbing 307 thousand workers. “Investment has created jobs for new job seekers, absorbing around 307 thousand workers,” Anas … Continue reading →
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 →