Business News
Indonesia's Export Projection for 2023 Revealed as Trade Surplus Hits 36-Month Streak
Indonesia's trade surplus is expected to narrow in the second half of 2023 due to slowing export performance, according to economist Faisal Rachman from Bank Mandiri. The decline in commodity prices and sluggish global demand, coupled with high inflation and ongoing increases in benchmark interest rates, are anticipated to contribute…
Bontang City's Potential as a Hub for Canned Fish Processing Industry Due to Abundant Sea Harvest
The potential of capture fisheries in Bontang City has caught the attention of the East Kalimantan Investment and Integrated One-Stop Service Agency (DPMPTSP Kaltim). The significant and consistent production value is seen as a potential area for further development towards a larger industry. According to data from the Central Statistics…
Indonesia's Trade Surplus Surpasses Expectations Despite Decreased Exports and Imports
Indonesia's trade surplus in April exceeded expectations despite a significant decline in exports and imports, driven by falling prices of key commodities such as palm oil, coal, and nickel. The country's exports fell by 29.4% compared to the previous year, marking the largest decline since 2009. However, Indonesia still achieved…
Italy Records Highest Growth among Major EU Economies – Gentiloni
Italy is expected to experience the highest economic growth among the major EU economies this year, according to Economy Commissioner Paolo Gentiloni. After a significant 9% contraction during the pandemic, Italy has witnessed a growth of 12% over the past three years, which Gentiloni considers a noteworthy achievement. The European…
