Business News
Indonesia’s Trade Balance Surplus USD 2.91 Billion
The Indonesian Central Statistics Agency (BPS) has reported a trade surplus of USD 2.91 billion for March 2023. The surplus was achieved after Indonesia's imports were recorded at USD 23.50 billion, which was lower than the country's exports of USD 20.59 billion. However, the trade surplus is expected to shrink…
Rome Bid for World Expo 2030
Italy and its capital city, Rome, are bidding to host Expo 2030 under the theme of “People and Territories: Regeneration, Inclusion, and Innovation.” A mission by the world’s top intergovernmental organization that oversees world exhibitions will visit Rome at the end of April to examine whether Italy and the city…
West Java is the Best Investment Destination in ASEAN Because It Has Numerous Advantages
The head of the Investment and Integrated One-Stop Service Agency (DPMPTSP) of West Java province, Nining Yuliastiani, is optimistic that the region will become the best investment destination in the Southeast Asian Nations (ASEAN) region. According to Yuliastiani, West Java has several advantages, and with these, it has moved up…
Increasing Domestic Products in the Construction Sector
The Indonesian government has issued a new law that requires large projects financed by the national or regional budget to use local products. The law also mandates that the government's budget allocation for procurement of goods and services should have a minimum local content level of 40 percent. The policy…
