Business News
Indonesia and Japan Extend Bilateral Swap Agreement
Bank Indonesia (BI) and the Bank of Japan, acting on behalf of Japan's Ministry of Finance, have agreed to extend their Bilateral Swap Arrangement (BSA). Signed by BI Governor Perry Warjiyo and Bank of Japan Governor Kazuo Ueda, the agreement will be effective from October 14, 2024, to October 13,…
Ministry of Investment Urges MSMEs to Supply Papua's Industries
The Ministry of Investment/Investment Coordinating Board (BKPM) is encouraging Micro, Small, and Medium Enterprises (MSMEs) and small businesses in Papua to actively participate as suppliers for industries in the region. Speaking in Jayapura on Tuesday, the Ministry’s Macro-Economic Advisor, Imam Soejoedi, highlighted that local businesses could meet the demands of…
Jakarta Leads Indonesia’s Investment Realization in Q3 2024 with IDR 71.35 Trillion
Investment realization in Jakarta for the third quarter of 2024 reached IDR 71.35 trillion, the highest in Indonesia, according to data from the Ministry of Investment/BKPM. The capital city secured the top spot nationally with a foreign direct investment (FDI) realization of USD 2.72 billion (IDR 40.77 trillion), leading among…
Indonesian Coffee Exports Surge in the Philippines and U.S., Reaching USD 1.49 Billion
Indonesian coffee continues to be a major contributor to the country’s trade surplus, with exports significantly outweighing imports. According to Acting Head of the Central Statistics Agency (BPS), Amalia Adininggar Widyasanti, Indonesia's coffee exports from January to September 2024 reached 342.44 thousand tons, valued at USD 1.49 billion, while imports…
