Business News
Investment Flow in the Automotive Sector Continues, Reaching IDR 12.88 Trillion in First Semester of 2023
The realisation of investments in the automotive industry reached IDR 12.88 trillion during the first semester of 2023, marking a 10.58% increase compared to the same period last year, which amounted to IDR 11.64 trillion. According to data from the Ministry of Investment/Badak Coordination for Investment (BKPM), foreign direct investment…
President Jokowi Reveals Indonesia's Plan to Import 250,000 Tons of Rice from Cambodia
President Joko Widodo (Jokowi) has announced that Indonesia will import 250,000 tons of rice from the Kingdom of Cambodia. Jokowi made this revelation during the visit of Cambodian Prime Minister Hun Manet and praised Cambodia's decision to export rice to Indonesia. "I appreciate Cambodia's response regarding Indonesia's desire to import…
World Bank and IMF Praise Indonesia's Economic Achievements.
The President of the World Bank and the Managing Director of the IMF have expressed their appreciation for Indonesia's economic achievements. According to Foreign Minister Retno Marsudi, they commended Indonesia's economic growth and its ability to control inflation simultaneously. "Even the Managing Director of the IMF stated that ASEAN is…
To Achieve Green Economy, Indonesia Pursues Infrastructure Development.
Indonesia plays a crucial role in Southeast Asia as one of the largest economic powers, boasting a GDP nearing USD 1.2 trillion with consistent growth. Its strategic position in global trade routes and membership in the G20 underscore Indonesia's significance in the global economy. The government, led by Minister of…
