Business News
Indonesia's Trade Surplus Projected to Rise to USD 2.67 Billion in July 2024
Indonesia's trade balance in July 2024 is expected to maintain a surplus, potentially increasing from the previous month. Josua Pardede, Chief Economist at Bank Permata, forecasts a surplus of USD 2.67 billion for July, up from June's surplus of USD 2.39 billion. This improvement is driven by a faster growth…
Saudi Arabia Expands Renewable Energy Investment in Indonesia with Major Solar Projects
Saudi Arabia is expanding its investment in Indonesia's renewable energy sector through ACWA Power, a leading electricity generation company. ACWA Power is partnering with PT PLN Indonesia Power to develop the Saguling Floating Solar Power Plant in the Saguling Reservoir, West Java. The power purchase agreement (PPA) for this project…
Government Boosts Fertilizer Industry to Strengthen Indonesia's Green Energy Future
The fertilizer industry plays a crucial role in supporting Indonesia's food security and economy. Ensuring national food availability through increased crop production and productivity relies heavily on the effective use of fertilizers. The government is committed to revitalizing the fertilizer industry by modernizing its infrastructure. This effort requires collaboration among…
Economic Update Indonesia: Indonesian Economy Expands at a Rate of 5.05% (Y/Y) in Q2-2024
Indonesia's economy expanded by 5.05% year-on-year (y/y) in the second quarter of 2024 (Q2-2024), according to data from the Indonesian Statistical Agency (BPS) released on August 5, 2024. Although slightly below the projected 5.1%, this growth is viewed positively given global uncertainties such as unrest in the Middle East, the…
