Business News
Consumer Protection Safeguards Economic Recovery: Senior Minister
Coordinating Minister for Economic Affairs Airlangga Hartarto has said that consumer protection plays an important role in national economic growth.“Public consumption contributes 57 percent to the gross domestic product (GDP). Indonesia's population is also very large, which means that the largest market potential in ASEAN (it) is important to maintain…
January-May Trade Balance Surplus Reaches US$ 10 Billion
The Central Statistics Agency noted that the trade balance in May 2021 was a surplus of US$. 2.36 billion, higher than the previous month's surplus of US$ 2.19 billion and May 2021 of US$ 2.09 billion. During this year or January-May 2021, the trade balance surplus reached US$ 10.17 billion.…
RI president optimistic of 7% economic growth in second quarter
President Joko Widodo has said he is optimistic the Indonesian economy will grow seven percent year-on-year in the second quarter of 2021 in view of improving macro economic indicators. "We all remain optimistic that Insya Allah (God willing), the economy will grow by about 7 percent in the second quarter…
Indonesia’s Proposed Carbon Tax Bill Reveals Risk to GDP Growth
Indonesia’s plan to tax carbon output risks slowing growth in Southeast Asia’s biggest economy and faces resistance from some of the country’s biggest industries. A proposed rate of 75,000 rupiah ($5.2) per ton of carbon dioxide output would generate 32 trillion rupiah in additional state revenue and cut emissions by…
