Business News
Fourth Quarter 2024 Economic Growth Targeted to Grow by 5.3%
Secretary of the Ministry of Economic Affairs, Susiwijono Moegiarso, stated that Indonesia's economy in the fourth quarter of 2024 must grow by 5.3% year-on-year (YoY) in order to meet the overall economic growth target for the year of 5.1%. This target is part of the revised forecast for the national…
Indonesia's Digital Economy Grows Twice, Reaches IDR 1,400 Trillion in 2024
Indonesia's digital economy is projected to reach a Gross Merchandise Value (GMV) of USD 90 billion, or approximately IDR 1,416 trillion, in 2024, marking a 13 percent increase compared to 2023, which had a GMV of USD 80 billion. According to the latest e-Conomy SEA 2024 report compiled by Google,…
Italy Introduces Eco-Friendly Textile Technology to Indonesia
The Italian Trade Agency (ITA), in partnership with the Italian Association of Textile Machinery Manufacturers (ACIMIT), introduced the latest eco-friendly textile technology to Indonesian textile industry players. "Italian textile technology offers digital and automation solutions that enhance efficiency while reducing environmental impact," said ITA Commissioner Dr. Paolo Pinto in Solo,…
Prabowo Aims to Strengthen Rupiah to IDR 5,000 per USD by Boosting Coconut and Clove Downstreaming
President Prabowo Subianto has set an ambitious goal to bring the USD exchange rate to IDR 5,000 by advancing downstream programs for six key agricultural commodities. The government will prioritize coconut and clove, alongside palm oil, pepper, cocoa, and coffee, in a strategic effort to enhance the added value of…
