Business News
Agriculture Dominates Economic Growth in Q1 2023, says BPS
Indonesia's agricultural sector experienced positive growth in the first quarter of 2023. According to the Central Statistics Agency (BPS), agriculture was even considered the most dominant sector, with a growth rate of 0.34% and a contribution of 11.77% to the economy. The BPS Deputy for Balance and Statistical Analysis, Moh…
Minister Bahlil's Investment Strategy Boosts Indonesian Economic Growth to 5%
Indonesia's Investment Minister/Head of Investment Coordinating Board (BKPM), Bahlil Lahadalia, is optimistic that the country's economic growth in Q1 2023 could reach 5%, in line with the realization of investment achievements in Q1 2023, which managed to reach IDR 328.9 trillion. He believes that investment is an important component that…
Indonesia’s Q1 2023 Economic Growth, The Second Best In The World
Indonesia's economy grew by 5.03% in the first quarter of 2023, beating China and achieving the second-highest economic growth rate in the world. This figure is higher than what analysts had predicted, which was around 4.8% to 4.9%. The growth was driven by strong domestic conditions, including solid household consumption,…
West Java's Economy Predicted to Continue Positive Growth in Q2 2023, Says BI
The Bank of Indonesia's West Java branch predicts a continued positive economic trend in Q2 2023, following a 5% growth recorded in Q1 2023. Bank Indonesia's West Java representative, Erwin Gutawa Hutapea, stated that this optimism is in line with the excitement surrounding the Eid al-Fitr holiday, as West Java…
