Business News
Indonesia's Trade Surplus Surpasses Expectations Despite Decreased Exports and Imports
Indonesia's trade surplus in April exceeded expectations despite a significant decline in exports and imports, driven by falling prices of key commodities such as palm oil, coal, and nickel. The country's exports fell by 29.4% compared to the previous year, marking the largest decline since 2009. However, Indonesia still achieved…
Italy Records Highest Growth among Major EU Economies – Gentiloni
Italy is expected to experience the highest economic growth among the major EU economies this year, according to Economy Commissioner Paolo Gentiloni. After a significant 9% contraction during the pandemic, Italy has witnessed a growth of 12% over the past three years, which Gentiloni considers a noteworthy achievement. The European…
Textile Investments Surge by 89% to IDR 4.6 Trillion Despite Decreased Orders
The textile and textile product (TPT) industry in Indonesia saw a significant increase in investment, reaching IDR 4.63 trillion in the first quarter of 2023, an 89.41% rise compared to the same period the previous year. This surge in investment, primarily driven by domestic investments, occurred amidst sluggish export orders.…
Indonesia and EU Successfully Conclude 14th Round of I-EU CEPA Negotiations
The 14th round of negotiations for the Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) was held in Brussels, Belgium from May 12-18, 2023. Both parties made significant progress in the talks, with 18 key issues discussed including trade of goods, services, investment, government procurement, and intellectual property rights. The…
