Business News
The Domestic Market Stagnates, Automotive Industry Continues Aggressive Focus on Export
The Indonesian Ministry of Trade (Mendag) Zulkifli Hasan highlighted the significant role of the national steel industry in Indonesia's economic growth, citing a stable 5.11% GDP growth in the first quarter of 2024. He noted that the steel sector contributed notably to this stability, with Indonesia's trade balance from January…
Estimation of Steel Demand: 331 Thousand Tons for the Development of National Strategic Projects (IKN) 2023-2024
In the development of the Nusantara Capital City (IKN) infrastructure from 2023 to 2024, the Ministry of Public Works and Housing (PUPR) estimates a requirement of 331 thousand tons of construction steel. This figure underscores the significant demand for construction materials in the project, including 1.9 million tons of cement,…
The West Nusa Tenggara Provincial Government Records Investment Realization of IDR 8.84 Trillion
In the first quarter of this year, the Government of West Nusa Tenggara Province (NTB) achieved investment realization amounting to IDR 8.84 trillion, which is equivalent to 33% of the national target and 35% of the regional target. Of this total, domestic investment (PMDN) reached IDR 6.51 trillion, while foreign…
Trade Minister: National Steel Industry Contributes to Indonesia's Economic Growth
Minister of Trade Zulkifli Hasan highlighted the significant contribution of the national steel industry to Indonesia's economic growth. He noted that the industry played a crucial role in maintaining Indonesia's stable economic growth, which was recorded at 5.11% in the first quarter of 2024. Furthermore, Indonesia's trade balance for the…
