Business News
Supported by Export Recovery, Trade Balance Projected to Record Surplus in May 2025
Indonesia’s trade balance is projected to post a strong surplus in May 2025, supported by a rebound in exports and easing global uncertainty. Permata Bank Chief Economist Josua Pardede estimates a trade surplus of USD 2.29 billion—far higher than the USD 158.8 million recorded in April. Two main factors support…
Interesting: South Korea Explores Electric Vehicle Development Partnership in Gianyar
The government of Yeonggwang-gun, South Korea, is exploring a strategic partnership with the Gianyar Regency Government for the development of the e-mobility industry. This initiative was formalized through the signing of a Letter of Intent (LoI) at the Main Meeting Room of the Gianyar Regent’s Office on Thursday, June 26,…
Indonesia’s Economy Grows 4.9% in Q1 2025, Housing Sector Drives Inclusive Growth
Indonesia’s economy grew by 4.9% year-on-year in the first quarter of 2025, despite facing challenging global conditions. The June 2025 Indonesia Economic Prospects (IEP) report, titled People-First Housing: A Roadmap from Homes to Jobs to Prosperity in Indonesia, highlights that strong macroeconomic policies—such as controlled inflation, adequate financial reserves, and…
Bamsoet Urges Cigarette Industry to Become a Pillar Supporting the National Economy
House of Representatives member Bambang Soesatyo visited the HS cigarette factory in Magelang, Central Java, stating that Indonesia’s tobacco industry remains a vital pillar of the national economy. Despite rising health awareness and stricter regulations, he emphasized that the sector’s contributions to state revenue and employment are significant. With over…
