Business News
World Bank Prediction: Indonesian Economy 2021 To Grow 3.7%
The World Bank predicts Indonesia Economic growth at 3.7% this year and will jump at 5.2% in 2022. This estimation is based on the assumption that there will be no spike of COVID-19 cases in 2021. It is expected that the vaccination rate will reach 70% of the total population…
November Trade Balance Surplus US$3.51 Billion
Indonesia's trade balance again recorded a surplus in November 2021 of US$3.51 billion. This means that in the January-November period, Indonesia has a trade balance surplus of US$34.32 billion. The achievement of this surplus is the 19th time in a row. "November 2021 the goods trade balance was a surplus…
Electric Battery Investment Value Reaches US$13.5 Billion
The Coordinating Ministry for Maritime Affairs and Investment (Kemenkomarves) said that the investment value of batteries for electric vehicles reached US$13.5 billion or equivalent to Rp. 193 trillion (exchange rate of Rp. 14,319 per dollar). "The battery also supports the need for green transportation, such as for the development of…
Simplify Investment, Mine Exploration and Production Permits Will Become One Package
The Ministry of Energy and Mineral Resources (ESDM) plans to simplify the process of applying for mining exploration permits and production permits by making them one package of permits. The Director-General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Ridwan Djamaluddin, said that this step was…
