Business News

Realizing an Equitable Economy Through the Nation’s Capital

Realizing equitable distribution of the national economy is one of the main objectives of the development of the National Capital City (IKN) of the Archipelago in East Kalimantan. Equitable development and the economy by reducing income inequality is a big concept of President Joko Widodo which he has implemented in…

The Trade Minister of Republic Indonesia Zulhas Officially Releases Indonesia’s Best Steel Export to New Zealand

The Minister of Trade Zulkifli Hasan released exports of 3,800 metric tons of structural steel and steel plates to New Zealand. The steel is the product of PT Gunung Raja Paksi, Tbk, in West Cikarang, Bekasi. The Minister of Trade Zulhas said he was very happy because he succeeded in…

Investment in the Food Industry could save Indonesia from the Economic Contraction

Investment into the domestic food industry is considered to be able to save Indonesia from a contraction in economic growth that has the potential to occur in 2023. Next Policy Executive Director Fithra Faisal Hastiadi said Indonesia has the potential to experience a contraction in economic growth starting in the…

Indonesian Four-Wheel Vehicle Sales Recover to Pre-Pandemic Levels

Fitch Ratings-Jakarta-25 July 2022: Indonesia's four-wheel (4W) vehicle sales are likely to surpass 900,000 units in 2022, despite the semiconductor shortage and rising inflationary pressure driven by higher fuel prices, due to strong demand and continued government fuel subsidies that alleviate the cost of car ownership, says Fitch Ratings. Automakers'…
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