Business News
The Economic Growth of Indonesia Throughout 2023 Reached 5.05%
In 2023, Indonesia's economy grew by 5.05%, a decrease from 5.31% in 2022 amid global economic slowdown and declining prices of key export commodities. Amalia A. Widyasanti, Acting Head of the Central Statistics Agency (BPS), stated that despite challenges, Indonesia ended 2023 with solid economic growth. In Q4 2023, the…
Household Consumption the Largest Contributor to Indonesia's Economy in 2023
In a recent report by the Badan Pusat Statistik (BPS), household consumption remains the largest contributor to Indonesia's economic growth in 2023, accounting for 53.18% and contributing significantly to the overall growth rate of 5.05%. The Acting Head of BPS, Amalia Adininggar Widyasanti, highlighted that household consumption recorded a robust…
Investment in the Fisheries Sector Reaches IDR 9.5 Trillion
In a notable development, the investment in the fisheries sector experienced a significant surge last year. Indonesia's Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, revealed that the investment in the country's maritime and fisheries sector skyrocketed by 49.52% to reach IDR 9.56 trillion by the fourth quarter of…
Two Giant Exploration Wells Put Indonesia Back on the World Oil and Gas Upstream Industry Map
Indonesia makes a significant return to the global upstream oil and gas industry map with the discovery of Geng North and Layaran, both classified as world-class findings in 2023. The Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), Dwi Soetjipto, expresses the commitment…