Business News
Smelter Development Emerges as the Primary Driver of Investment Realization in NTB
President Joko Widodo's visit to the PT Amman Mineral Nusa Tenggara (AMNT) smelter is expected to expedite its construction and investment process. The head of West Nusa Tenggara's Investment and Integrated One-Stop Service Agency (DPMPTSP), Mohammad Rum, mentioned that the President's visit aims to ensure the smelter's completion by May,…
Efforts to Boost the Performance of Forest Product Exports Persist
The Ministry of Trade (Kemendag) is committed to boosting the export performance of various non-oil and gas products, including agricultural and forestry products. These two types of products are Indonesia's main export products after mineral fuels, fats and oils, iron and steel, metal ores, and footwear. The ministry has implemented…
Ministry of Finance: Economic Recovery Elevates Indonesia to the Upper Middle Class Once Again
Head of Fiscal Policy Agency at the Ministry of Finance, Febrio Kacaribu, stated that Indonesia's strong economic recovery has placed it back into the upper middle-income category, despite the classification threshold increasing to USD 4,466 from USD 4,256 in 2021. The World Bank recorded Indonesia's gross national income (GNI) per…
Government Unveils 6 Tactics to Stimulate Economic Expansion in the Second Half of 2023
Indonesia is considered to have a fast economic recovery post-pandemic, with its economic growth surpassing 5%. The country has maintained this growth rate for six consecutive quarters, leading it to be classified as an upper middle income country by the World Bank. President Joko Widodo (Jokowi) presented six strategies to…
