Business News
Special Economic Zones (KEK) to Receive IDR 82.6 Trillion in Investments in 2024
The development of Special Economic Zones (KEK) in Indonesia is expected to attract a total investment of IDR 82.6 trillion in 2024. According to the National KEK Council, employment absorption during this period reached 42,930 people. Rizal Edwin Manansang, the Acting Secretary-General of the National KEK Council, emphasized that with…
Prediction by Sri Mulyani: Indonesia's Economy Will Grow 5% in 2024
Finance Minister Sri Mulyani Indrawati predicts that Indonesia's economy will grow by 5% in 2024, according to the outlook in the interim report (lapsem). This means that if Indonesia's economic growth reaches only 5% by the end of the year, the 2025 target of 5.2% in the state budget (APBN)…
Indonesia’s Exports Reach USD 241 Billion in 2024, Highlighting Key Trade Partners
Indonesia’s export performance soared in 2024, achieving a total value of USD 241.25 billion from January to November, reflecting a 2.06% increase compared to the previous year. According to Trade Minister Budi Santoso, the non-oil and gas sector played a pivotal role, with the manufacturing industry contributing 78.86% of non-oil…
Indonesia Targets Completion of Four Trade Agreements by 2025
The Indonesian Ministry of Trade (Kemendag) aims to finalize four international trade agreements by 2025. Among the priorities is the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA), which is currently 85% complete and expected to conclude by Q1-2025, according to Trade Minister Budi Santoso during a press conference on January…
