Business News
Investment Minister: Investment Realization Reaches 48.5%
The Investment Minister and Head of the Investment Coordinating Board (BKPM) announced that the investment realisation for the first semester of 2023 has reached 48.5% of the target set by President Joko Widodo. As of the first semester of 2023, out of the target of IDR 1,400 trillion, the investment…
Investment Flow in the Automotive Sector Continues, Reaching IDR 12.88 Trillion in First Semester of 2023
The realisation of investments in the automotive industry reached IDR 12.88 trillion during the first semester of 2023, marking a 10.58% increase compared to the same period last year, which amounted to IDR 11.64 trillion. According to data from the Ministry of Investment/Badak Coordination for Investment (BKPM), foreign direct investment…
President Jokowi Reveals Indonesia's Plan to Import 250,000 Tons of Rice from Cambodia
President Joko Widodo (Jokowi) has announced that Indonesia will import 250,000 tons of rice from the Kingdom of Cambodia. Jokowi made this revelation during the visit of Cambodian Prime Minister Hun Manet and praised Cambodia's decision to export rice to Indonesia. "I appreciate Cambodia's response regarding Indonesia's desire to import…
World Bank and IMF Praise Indonesia's Economic Achievements.
The President of the World Bank and the Managing Director of the IMF have expressed their appreciation for Indonesia's economic achievements. According to Foreign Minister Retno Marsudi, they commended Indonesia's economic growth and its ability to control inflation simultaneously. "Even the Managing Director of the IMF stated that ASEAN is…
