Business News
Indonesian Minister of Trade Continues Support For MSMEs
Indonesian Trade Minister, Zulkifli Hasan, also known as Zulhas, is pushing for the promotion of small and medium-sized enterprises (SMEs) in Indonesia to boost the country's economic capacity. According to a post on Zulhas's Instagram page on Wednesday, SMEs have already contributed 60% to the country's gross domestic product (GDP)…
Indonesia Emerges as Top Investment Destination for Manufacturing Sector
Indonesia's investment has grown 1.6 times between 2018 and 2022, and the increase is higher in the manufacturing sector, reaching 2.1 times. The country has more than 100 industrial areas located on Java and outside Java, providing the necessary infrastructures, including power plants, industrial gas supply, IT networks, waste processing,…
Green Investment In Indonesia To Receive Significant Boost
Indonesia has successfully become an official partner country at the Hannover Messe 2023, the world's largest technology exhibition. The country has attracted investments worth over IDR 30 trillion, including commitments from MARS-ENVOTEC, a technology company from Singapore and Germany, to recycle plastic and food waste. The company will build a…
OECD Projects Indonesia's Economy to Grow 4.7% in 2023
The Organisation for Economic Co-operation and Development (OECD) has projected that Indonesia's economic growth will slow from 5.3% in 2022 to 4.7% in 2023. This projection is more pessimistic than the forecasts of the World Bank and the International Monetary Fund (IMF). The OECD also predicts that global economic conditions…
