Business News
Crowded with Foreign Investment, Indonesia's Trade Balance will have a Surplus of US$ 6.3 Billion in 2023
Indonesia's trade balance for 2023 recorded a surplus of USD 6.3 billion, surpassing the USD 4.0 billion surplus in 2022, according to Erwin Haryono, Head of the Communication Department at Bank Indonesia. This positive trend is primarily attributed to the robust performance of capital and financial transactions. Erwin emphasized that…
Indonesia, a Maritime Country with Large Maritime Economic Potential
Indonesia, boasting the world's largest archipelago spanning 5.8 million square kilometers, possesses significant economic potential in sectors like fisheries, tourism, energy, and defense within its expansive maritime domain. Yet, the untapped opportunities stem from inadequate governance, as highlighted by Samarinda's Mayor, Andi Harun. Despite Indonesia's strategic location with 80% of…
Reducing Environmental Impact, Indonesia - Korea Shares Experiences in Implementing Circular Economy
Indonesia and Korea are collaboratively exchanging information, experiences, and best practices in implementing a circular economy. Haznan Abimanyu, Head of Energy and Manufacturing Research Organization at the National Research and Innovation Agency (BRIN), highlighted the circular economy's core principle of maximizing resource value while minimizing waste and environmental impact. Currently,…
The Creative Economy Could be the Support for Indonesia Emas 2045
Indonesia's Minister of Tourism and Creative Economy, Sandiaga Uno, asserts that the creative economy could serve as a cornerstone for Indonesia's economic vision of becoming "Indonesia Emas" by 2045. Recognizing the creative economy as the world's third-largest contributor to the GDP, Sandiaga emphasizes its potential to boost national revenue. To…
