Business News
The Projection for Indonesian Oleochemical Exports to Reach USD 54 Billion by 2030
The Indonesian Oleochemical Producers Association (APOLIN) projects that the export value of Indonesian oleochemical products could reach USD 54 billion by 2030, driven by the downstream development of the palm oil industry in Indonesia. APOLIN's Secretary General, Rapolo Hutabarat, stated that the increase in oleochemical export value is expected to…
The Economic Growth of Indonesia Throughout 2023 Reached 5.05%
In 2023, Indonesia's economy grew by 5.05%, a decrease from 5.31% in 2022 amid global economic slowdown and declining prices of key export commodities. Amalia A. Widyasanti, Acting Head of the Central Statistics Agency (BPS), stated that despite challenges, Indonesia ended 2023 with solid economic growth. In Q4 2023, the…
Household Consumption the Largest Contributor to Indonesia's Economy in 2023
In a recent report by the Badan Pusat Statistik (BPS), household consumption remains the largest contributor to Indonesia's economic growth in 2023, accounting for 53.18% and contributing significantly to the overall growth rate of 5.05%. The Acting Head of BPS, Amalia Adininggar Widyasanti, highlighted that household consumption recorded a robust…
Investment in the Fisheries Sector Reaches IDR 9.5 Trillion
In a notable development, the investment in the fisheries sector experienced a significant surge last year. Indonesia's Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, revealed that the investment in the country's maritime and fisheries sector skyrocketed by 49.52% to reach IDR 9.56 trillion by the fourth quarter of…
