Business News
Indonesia's Trade Surplus seen Crossing USD 35.3 Billion in 2022
The Centre for Strategic and International Studies (CSIS) has projected that Indonesia’s trade surplus this year will breach the level recorded in 2021, when it was recorded at USD 35.3 billion. "If the ban on the export of several commodities does not much disrupt (exports), the trade surplus in 2022…
Government allocates USD5.9 billion for Papua for 2022
The Indonesian government has allocated a budget of IDR 84.7 trillion (USD5.9 billion) for the provinces of Papua and West Papua for 2022, the Ministry of Finance, through its Directorate General of Finance Balance, has informed. "The figure has increased from IDR 79.7 trillion in 2020, but decreased from IDR…
Tourism Relaxes, Downstream Plastic Production is Projected to Reach 7.8 Million Tons
Downstream plastic production this year is projected to grow above 5 percent, assuming there is no further wave of the Covid-19 pandemic. The Indonesian Olefin, Aromatic, and Plastic Association (Inaplas) noted that downstream plastic production last year was stagnant at 7.2 million tons. Inaplas Secretary-General Fajar Budiyono hopes that the…
Indonesia's Exports and Imports Increase by Nearly 40% in 2021
The Statistics Indonesia (BPS) noted that the total value of Indonesia's exports and imports over the past year rose by 40 percent. This figure is obtained from a comparison between export and import data in two different years, namely 2020 and 2021.In terms of exports, the value reached US$ 231.54…
