Business News
Airlangga Claims the Government Has Successfully Saved US$50 Billion in Export Foreign Exchange in 2022
The Coordinating Minister for the Economy Airlangga Hartarto said that the Export Proceeds (DHE) policy which was held for three months could generate foreign exchange reserves of up to US$50 billion a year."So export proceeds are required to be held for three months in Indonesia, around 30 percent are withheld.…
The Positive Impact of Central Kalimantan Food Estate Downstreaming, Breeders Able to Sell 1,500 Ducks per Month
A number of farmers and ranchers have begun to benefit from agricultural integration activities in the food estate area in Central Kalimantan which have been run by the Ministry of Agriculture (Kementan) since 2020. The main commodities cultivated in this integration are rice and corn with horticultural commodities, plantations, livestock.…
Airlangga Confident that IKN Can Lift Economic Growth Above 5.3%
Coordinating Minister for the Economy Airlangga Hartarto believes Indonesia's economy can grow by more than 5.3% this year. One of the supports is the existence of massive infrastructure development, such as in the National Capital City (IKN) of the Archipelago. According to him, infrastructure development in IKN can be a…
Industrial Infrastructure and Factory Projects Boost Domestic Steel Consumption
The Central Statistics Agency (BPS) noted that the base metal industry will experience growth of 14.8 percent throughout 2022, with gross domestic product (GDP) at constant prices (ADHK) reaching IDR 124.29 trillion. This growth was boosted by increasing domestic steel consumption.Melati Sarnita, Chair of the Indonesian Iron and Steel Industry…
