Business News
Indonesia's Economy Outperforms EU with Over 5% Growth for 6 Consecutive Quarters
The Indonesian Minister of Economic Affairs, Airlangga Hartarto, recently revealed that the country's economy is on a positive trajectory. This is reflected in consistent growth rates of over 5%, which have been sustained for the past six quarters. In fact, this growth rate is higher than both the projections made…
Agriculture Dominates Economic Growth in Q1 2023, says BPS
Indonesia's agricultural sector experienced positive growth in the first quarter of 2023. According to the Central Statistics Agency (BPS), agriculture was even considered the most dominant sector, with a growth rate of 0.34% and a contribution of 11.77% to the economy. The BPS Deputy for Balance and Statistical Analysis, Moh…
Minister Bahlil's Investment Strategy Boosts Indonesian Economic Growth to 5%
Indonesia's Investment Minister/Head of Investment Coordinating Board (BKPM), Bahlil Lahadalia, is optimistic that the country's economic growth in Q1 2023 could reach 5%, in line with the realization of investment achievements in Q1 2023, which managed to reach IDR 328.9 trillion. He believes that investment is an important component that…
Indonesia’s Q1 2023 Economic Growth, The Second Best In The World
Indonesia's economy grew by 5.03% in the first quarter of 2023, beating China and achieving the second-highest economic growth rate in the world. This figure is higher than what analysts had predicted, which was around 4.8% to 4.9%. The growth was driven by strong domestic conditions, including solid household consumption,…
