Business News

BI Economic Projection for the Third Quarter/2021 to Grow 5 Percent

Bank Indonesia estimates that the Indonesian economy in the third quarter of 2021 will grow by 5 percent year-on-year (yoy) and reach 4.5 percent in the fourth quarter of 2021. "In the third quarter, economic growth can reach 5 percent yoy and in the fourth quarter it will reach 4.5…

Bank Indonesia Solidifies Cooperation with Muhammadiyah to Strengthen the Sharia Economy and Finance

Bank Indonesia is committed to strengthening synergy and solidarity with various community groups to accelerate the sharia economy and finance and revive the national economy, including community organisations.  To that end, Bank Indonesia and the Muhammadiyah Society signed a Memorandum of Understanding (MoU) at a virtual ceremony held today (17/09)…

G20 Presidency Can Attract Investment to Indonesia: INDEF

Indonesia's 2022 G20 Presidency can attract direct foreign investment to the country, executive director of the Institute for Development of Economics and Finance (Indef), Tauhid Ahmad, has said. "By looking at Indonesia, though indirectly for several nations, investment from abroad can enter Indonesia. At least that is the expectation," Ahmad…

Indonesia Has the 2nd Most Modern Steel Factory in the World

President Joko Widodo (Jokowi) has inaugurated the Hot Strip Mill 2 owned by PT Krakatau Steel (Persero) during a working visit to Banten.He also said that the production process at the Hot Strip Mill is indeed high-tech. This factory has a hot rolled coil (HRC) production capacity of 1.5 million…
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