Business News
West Java's Economy Predicted to Continue Positive Growth in Q2 2023, Says BI
The Bank of Indonesia's West Java branch predicts a continued positive economic trend in Q2 2023, following a 5% growth recorded in Q1 2023. Bank Indonesia's West Java representative, Erwin Gutawa Hutapea, stated that this optimism is in line with the excitement surrounding the Eid al-Fitr holiday, as West Java…
Coordinating Ministry for Economic Affairs: Indonesia's Non-Oil and Gas Exports to ASEAN Can Increase by 10%
Indonesia has the potential to increase exports by 10% in non-oil and gas sectors to the ASEAN region, with exports worth US$4.09 billion in March 2023. Industries such as electric vehicles (EVs) and the domestic digital ecosystem are viewed as potential drivers of export performance to ASEAN. Deputy of Coordination…
Indonesia's Manufacturing Industry Continues to Expand in April 2023, Driven by Various Factors
Indonesia's Minister of Industry, Agus Gumiwang Kartasasmita, has stated that the country's manufacturing industry is thriving due to the Purchasing Manager's Index (PMI) for Indonesian manufacturing and the Industrial Confidence Index (IKI) being in the expansion phase. The growth is driven by domestic demand, the fourth industrial revolution, the utilization…
Government Opens Carbon Trading Registration, Designates OJK As Regulator
The Indonesian government has given authority to the Financial Services Authority (OJK) to regulate the carbon trading governance within the country. Carbon trading will attract green investment through carbon trading transactions. The mechanism will be established within Indonesia's carbon exchange and will be open to all businesses that register with…
