Business News
Local Tourist Visits to Bali Increase by 40 Percent During the 2023 Eid Holiday
According to data from the Bali Tourism Office, domestic tourist visits to Bali during the Lebaran holiday in 2023 increased by around 40% compared to normal days, with a significant increase starting from April 16. On that day, there were 21,154 domestic tourist arrivals and 42,000 departures. The average daily…
Deepening Financial Markets Keeps Rupiah Stable, Importers and Exporters Rejoice
The Indonesian rupiah exchange rate has been strengthening in recent weeks, which affects export and import activities. The Center of Reform on Economics (CORE) Indonesia believes that both short-term and long-term measures are needed to address exchange rate fluctuations, particularly by deepening the domestic financial market to maintain exchange rate…
Indonesian Minister of Trade Continues Support For MSMEs
Indonesian Trade Minister, Zulkifli Hasan, also known as Zulhas, is pushing for the promotion of small and medium-sized enterprises (SMEs) in Indonesia to boost the country's economic capacity. According to a post on Zulhas's Instagram page on Wednesday, SMEs have already contributed 60% to the country's gross domestic product (GDP)…
Indonesia Emerges as Top Investment Destination for Manufacturing Sector
Indonesia's investment has grown 1.6 times between 2018 and 2022, and the increase is higher in the manufacturing sector, reaching 2.1 times. The country has more than 100 industrial areas located on Java and outside Java, providing the necessary infrastructures, including power plants, industrial gas supply, IT networks, waste processing,…
