Business News
The Government Focuses on Increasing Exports of Tradable Goods
The Indonesian government remains committed to strengthening export performance as a strategic measure to stabilize the IDR exchange rate and support national economic growth. The primary focus is on increasing exports of tradable goods, which include key sectors such as agriculture, forestry, fisheries, mining, and manufacturing. Minister of National Development…
IMF Predicts Indonesia's Economy to Grow 5% in 2024 and 5.1% in 2025
The International Monetary Fund (IMF) projects continued positive economic growth for Indonesia in 2024 and 2025. According to the July 2024 World Economic Outlook (WEO) Update, Indonesia's economy is expected to grow by 5% in 2024, with a slight increase to 5.1% in 2025. These projections remain consistent with the…
Customs Revenue Reaches IDR 154.4 Trillion: Freeport and Amman's Copper Exports Surge Nearly 1000% as the Main Support
The Indonesian Ministry of Finance, led by Minister Sri Mulyani Indrawati, reported customs and excise revenues of IDR 154.4 trillion by July 2024, marking a 3.1% year-on-year (yoy) growth and reaching 48.1% of the 2024 State Budget (APBN) target. In the August 2024 edition of the APBN Kita Press Conference,…
Customs Holds Assistance Sessions, Encourages MSME Exports in West Sumatra and East Java
Bea Cukai Teluk Bayur and Bea Cukai Probolinggo are actively supporting the advancement of exports for Micro, Small, and Medium Enterprises (UMKM) in their respective regions. They are encouraging UMKM entrepreneurs to understand export facilities and procedures while optimizing the Export Clinic program provided by Bea Cukai. In Sawahlunto, Bea…
