Business News
Efforts to Support Independent and Sustainable Export MSMEs by Tegal Customs
Indonesia has continued its trend of trade surplus in February 2023, with a surplus of USD 5.48 billion according to the Central Statistics Agency. This is an increase from January 2023 which was at USD 3.88 billion. The government is prioritizing the support of micro, small and medium enterprises (MSMEs)…
Many New Economic Opportunities When the Capital Moves to East Kalimantan
On April 15, 2023, during a talk show hosted by the Forum Muda Inspiratif Balikpapan, Indrayani, a lecturer at Balikpapan University, discussed the economic impact of Kalimantan Timur being appointed as the new capital city of Indonesia (IKN). Indrayani emphasized that the IKN would reduce social inequality and provide new…
Increased Homecoming Activities Have a Good Impact on the Regional Economy
Bank Indonesia (BI) has prepared the exchange of money amounting to IDR 195 trillion for the Ramadan and Eid al-Fitr period in 2023. As of April 9, 2023, BI has realized around IDR 85 trillion or 44% of the target for cash exchange prepared. In this regard, Chief Economist of…
Indonesia’s Trade Balance Surplus USD 2.91 Billion
The Indonesian Central Statistics Agency (BPS) has reported a trade surplus of USD 2.91 billion for March 2023. The surplus was achieved after Indonesia's imports were recorded at USD 23.50 billion, which was lower than the country's exports of USD 20.59 billion. However, the trade surplus is expected to shrink…
