Business News
IDR 12 Trillion Investment Enters 3 Digital Industry Clusters in Jakarta
The Ministry of Industry (Kemenperin) has announced a significant investment of IDR 12 trillion in three digital industry clusters located within Jakarta. These clusters, collectively known as the Jakarta Industrial Digital Parkway (JIDP), are part of a broader initiative to establish modern digital industrial zones designed to drive future economic…
Government's Economic Incentive Package Brings Fresh Hope, Creates Snowball Effect in the Automotive Industry
Indonesia's automotive sector has proven to be a key contributor to the nation's economic growth. In anticipation of 2025, the government has introduced 15 economic policy incentives, set to take effect from January 1, 2025. One of the sectors receiving significant focus is the automotive industry, where various incentives have…
Indonesia Targets Five Key Countries for Halal Product Exports
The Indonesian Ministry of Trade, through its Trade Policy Agency, has identified five priority countries for halal product exports: Malaysia, Turkey, the United Arab Emirates (UAE), Thailand, and Saudi Arabia. During a media briefing in Jakarta on December 20, 2024, Septika Tri Ardianti, a junior trade analyst at the Ministry…
Indonesia's Trade Balance Surplus in 2024 Hits USD 28.86 Billion
Indonesia achieved a monthly trade balance surplus of USD 4.42 billion in November 2024, marking the 55th consecutive surplus since May 2020. According to Trade Minister Budi Santoso, the November surplus included a USD 5.67 billion non-oil and gas (nonmigas) surplus, offset by a USD 1.25 billion oil and gas…
