Business News
Surabaya's Economy Grows 5.76%, Leading in East Java
In 2024, Surabaya's economy surged by 5.76%, surpassing the growth of East Java, which reached 4.93%. This positive growth was a result of collaborative efforts among Surabaya’s residents, especially after the challenges posed by the COVID-19 pandemic. Mayor Eri Cahyadi expressed gratitude to the people for their collective resilience, contributing…
Barantin Certifies Indonesia’s Coconut Exports to Over 100 Countries
Indonesia's coconut exports reached over 100 countries in 2024, totaling 1.09 million tons, according to Indonesia's Quarantine Agency (Barantin). Deputy for Plant Quarantine, Bambang, highlighted that major export destinations include China, Malaysia, Thailand, India, Australia, the U.S., Vietnam, and Germany. While export volumes fluctuate annually due to factors like pricing…
OJK: Financial System Remains Stable Amid Economic Challenges
The Financial Services Authority (OJK) affirms that Indonesia’s financial sector remains stable and resilient amid global and domestic challenges. OJK Chairman Mahendra Siregar highlighted that while global economic growth is steady, inflation in major economies is easing, bringing a positive outlook. The U.S. economy remains strong, supported by domestic consumption…
Indonesia's Manufacturing PMI Expands, Positive for Economic Growth
Indonesia’s Manufacturing PMI continues its positive trend, rising to 53.6 in February 2025 from 51.9 in January, marking the highest level in 11 months. This makes Indonesia’s PMI the second highest globally after India, driven by strong new orders, increased production, and improved purchasing activity. Despite global economic uncertainty and…
