Business News
Foreign Tourist Visits to Indonesia Increased by 15.39% in March 2023
According to the Central Statistics Agency (BPS), the number of foreign tourists (wisman) visiting Indonesia in March 2023 reached 809,960 or an increase of 15.39% compared to the previous month. Compared to the same month in 2022, this figure increased by 470.37%, indicating that the recovery of the tourism sector…
Foreign Investors Flock to Indonesian Market as Economic Fundamentals Improve
The influx of foreign funds into Indonesia's stock and bond markets is due to improving domestic economic fundamentals and the strong performance of large-cap companies. According to Nicodemus Anggi of Research and Consulting Infovesta Utama, foreign investment in the stock market is supported by the improving fundamental performance of large-cap…
Record-breaking Economic Boost During Eid Al-Fitr: Sandiaga Reports a Whopping IDR 335 Trillion Turnover
During the 2023 Eid al-Fitr holiday season in Indonesia, the tourism and creative economy (Parekraf) sectors saw an economic turnover of Rp335.3 trillion. This figure was announced by the Indonesian Minister of Tourism and Creative Economy, Sandiaga Uno, who revised the potential economic turnover for the third time during the…
Government's Consistent Efforts to Build Indonesia-centric Economy Evident as Investments Outside Java Dominate
Investment Minister/BKPM Head Bahlil Lahadalia announced that the investment realization for the first quarter of 2023 reached IDR 328.9 trillion. Investment growth outside Java has been higher than that of Java for 11 consecutive quarters. Based on Investment Ministry records, the spatial distribution of investment realization outside Java in the…
