Business News
Service Sector Emerges as the Engine of Economic Growth in Indonesia
The World Bank has identified the service sector as a significant driver of development in the East Asia and Pacific region, including Indonesia. This recognition comes as the service sector has been a primary contributor to aggregate labor productivity over the past decade. The Chief Economist for the East Asia…
Investment Realization in South Jakarta Exceeds Target by 179%
The investment realization in South Jakarta for the first semester (January-June) of 2023 has reached IDR 40.5 trillion, surpassing the set target of IDR 22 trillion by 179%. The investment realization for the first semester of 2023 in DKI Jakarta Province amounted to IDR 79.4 trillion as stated by the…
Central Statistics Agency Records a 166.12% Increase in Foreign Tourist Visits to Indonesia in 2023
The Central Statistics Agency (BPS) has reported a remarkable 166.12% increase in foreign tourist visits to Indonesia in 2023 compared to the previous year. This figure represents a substantial surge from the numbers in 2022. The Acting Head of BPS, revealed that cumulatively until August 2023, the number of foreign…
Indonesia and Ethiopia Forge Collaboration to Enhance the Global Coffee Market
As the fourth-largest coffee producer globally, following Brazil, Vietnam, and Colombia, Indonesia possesses significant potential to further expand the coffee market worldwide, particularly in the European region. According to the 2023 Indonesian Statistics Report from the Central Statistics Agency (BPS), Indonesia's coffee production reached 794.8 thousand tons in 2022. Director…
