Business News
Indonesia's Olefin, Aromatic, and Plastic Industry Achieves Impressive Growth
The performance of Indonesia's Olefins, Aromatics, and Plastics Industry has shown impressive growth in early 2023, driven by the government's policy of setting the Specific Natural Gas Price (HGBT) at US$6/MMBTU. According to Suhat Miyarso, Chairman of the Indonesian Olefins, Aromatics, and Plastics Industry Association (INAPLAS), the HGBT policy has…
Spicing Up the Market: Indonesia's Pepper Exports Valued Over USD 775 Million from 2018 to 2022!
Indonesia's pepper exports from 2018 to 2022 reached USD 775 million with an average trading volume of 45 thousand tons, according to the Central Statistics Agency. Despite being the world's third-largest producer of pepper, Indonesia faces challenges such as low prices at the farmer level. The Director General of International…
Riau's Economic Growth Soars with Improved Quality
According to Ediyanus Herman Halim, an economic observer from Riau University, data on Riau's economic development is sourced from the Central Statistics Agency and Bank Indonesia. These institutions provide data that is considered valid and used to measure macro-level development. Ediyanus emphasizes that when assessing and disseminating the achievements of…
IMF Report: Indonesia's Economic Growth Soars to New Heights, Sets Solid Benchmark for Global Economies!
The International Monetary Fund (IMF) has projected Indonesia's economic growth as one of the most solid amidst global slowdown. In its April 2023 edition of the World Economic Outlook, the IMF has revised Indonesia's economic growth from 4.8 percent to 5 percent (2023) and further improved to 5.1 percent (2024).…
