Business News
LPEI Implements Digital Transformation to Elevate SMEs
Small and Medium Enterprises (SMEs) contribute 61% to Indonesia's Gross Domestic Product (GDP), amounting to IDR 9,580 trillion. In response, Indonesia Eximbank, also known as the Indonesia Export Financing Agency (LPEI), is encouraging SMEs to advance by producing superior, export-oriented, and competitive products. One of LPEI's initiatives is to develop…
BI Organizes "Explore Babel" to Boost Economic Growth Through MSMEs and Tourism
Bank Indonesia organized Explore Babel 2024 to support the National Movement Proud of Indonesian Products (GBBl), Proud of Indonesian Tourism Movement (GBWl), Indonesian Creative Works (KKl), and Digital Economy and Finance Festival (FEKDl). This annual event by Bank Indonesia's Bangka Belitung Province enhances tourism, MSMEs, and culinary arts while accelerating…
Kadin Indonesia Outlines Three Strategic Economic Issues for New Government
Arsjad Rasjid, Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), identified three strategic economic issues that the new government must address in the next five years. “These issues are optimizing strategic sectors to drive growth, strengthening the capacity of national SMEs, and enhancing the welfare of the middle…
Indonesia’s OECD Membership Expected to Boost GDP Growth by 1%
The Indonesian government is optimistic that the country's membership in the Organisation for Economic Co-operation and Development (OECD) will boost GDP growth by 1%. Coordinating Minister for Economic Affairs, Airlangga Hartarto, conveyed this during a press conference at the Workshop on Indonesia's Accession Process into the OECD on Wednesday, 29…
