Business News
Indonesian Furniture Industry Secures IDR 17 Billion Commitment in Indian Market
The Indonesian Ministry of Industry is expanding non-traditional markets for high-value-added furniture products to bolster Indonesia's economy. This initiative was highlighted by Indonesia's participation in the IndexPlus Delhi 2024 Exhibition, India's largest international platform for interior, architecture, and design, held from 9 to 11 August 2024. The event resulted in…
Indonesia's new capital Nusantara attracts increased investor interest
Indonesia's planned new capital, Nusantara, is attracting growing investor interest as President Joko "Jokowi" Widodo continues to advocate for the ambitious project. On August 13, 2024, major local companies, including Bank Central Asia (BCA), commenced projects worth over IDR 4 trillion in Nusantara. These include a BCA branch office, a…
Indonesia, China Agree to Strengthen Partnership Through Inaugural 2+2 SOM
Indonesia and China held their inaugural Senior Officials’ Meeting of the Joint Foreign and Defence Ministerial Dialogue (2+2 SOM) in Jakarta on August 13, 2024. The meeting, co-chaired by Abdul Kadir Jailani, Director General for Asia-Pacific and African Affairs under Indonesia’s Ministry of Foreign Affairs, and Oktaheroe Ramsi, Secretary Directorate…
Indonesia Set to Profit from Trade for 51 Consecutive Months, Coal as the Saviour
Indonesia is projected to maintain its trade surplus in July 2024, marking the 51st consecutive month of surplus since May 2020. Market consensus estimates the surplus will reach USD 2.5 billion, an increase from June 2024's surplus of USD 3.39 billion. This positive outlook is largely attributed to the significant…
