Business News

Indonesia's exports and imports grow more than expected in March

Indonesia’s exports surged in March due to higher commodity prices and rebounding global demand, while imports also grew by more than expected last month as domestic manufacturing activity improved, statistics bureau data showed on Thursday.Merchandise exports beat forecast with an annual jump of 30.47% to $18.35 billion on rising shipments…

Indonesia calls for ASEAN members to boost legal integration

Indonesian Minister of Law and Human Rights Yasonna Laoly has urged ASEAN nations to strengthen legal integration in order to get their voices heard in the international community. He said in a statement on April 14 that in order for this integration to be more stable, credible, and effective, a…

Narrowest Trade Surplus in 10 Months Points to Recovering Demand

Indonesia's trade surplus shrank in March from a month earlier amid robust export growth and imports of raw material and machinery picking up the pace, presenting the latest indication for its economic recovery from the Covid-19 pandemic slump. The Central Statistics Agency (BPS) announced on Thursday that the largest economy…

House approves Indonesia-EFTA trade deal

SHARES Indonesia is one short step away from having its first trade agreement with European countries after legislators approved a bill over a deal between Indonesia and the European Free Trade Association (EFTA). The House of Representatives approved on Friday the draft for the Comprehensive Economic Partnership Agreement (IE-CEPA) between…
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