Business News
Trade Surplus in August Positively Supports Indonesia's External Economic Resilience
Bank Indonesia (BI) views Indonesia's trade balance surplus in August 2024, amounting to USD 2.9 billion, as a positive factor for bolstering the country's external economic resilience. This surplus increased compared to the USD 0.50 billion surplus in July 2024. The higher trade balance surplus is mainly due to an…
SNI Products Support Sustainable Economic Transformation
At the Indonesia International Sustainability Forum (IISF) 2024, President Joko Widodo emphasized the importance of global collaboration in addressing climate change. He stated that climate change issues cannot be resolved with an economic approach that prioritizes individual interests. According to the President, green economy is not just about environmental protection…
Indonesia-GCC FTA Momentum to Increase Exports to the Gulf Region
Indonesia and the Gulf Cooperation Council (GCC) have successfully initiated the first round of negotiations for the Indonesia-GCC Free Trade Agreement (I-GCC FTA). The negotiations, held from September 9 to 13, 2024, at the Ministry of Trade in Jakarta, aimed to enhance trade relations between Indonesia and the GCC member…
Indonesian Furniture Secures USD 2.27 Million in Potential Transactions at Korean Exhibition
At the 2024 Korea International Furniture and Interior Fair (Kofurn), Indonesian furniture showcased a significant potential transaction value of USD 2.27 million or approximately IDR 35.01 billion. The event took place from August 29 to September 1, 2024, at the Kintex Convention Center in Ilsan, South Korea. This participation was…
