Business News
BI : East Kalimantan's Economic Growth Potential to Reach 6.3% in 2024
The economic growth prospects for East Kalimantan (Kaltim) are seen as promising, with notable improvements expected throughout 2024. Bayuadi Hardiyanto, Deputy Head of Bank Indonesia's (BI) East Kalimantan Representative Office, projected that the province's economy would close the Year of the Wood Dragon with a growth rate ranging from 5.50%…
Indonesia Pushes for Accelerating OECD Accession and ASEAN Economic Integration for Inclusive and Sustainable Growth
Indonesia is actively working to accelerate its accession to the Organisation for Economic Co-operation and Development (OECD) and enhance ASEAN’s economic integration, aiming to drive inclusive and sustainable economic growth. As highlighted by the Minister of National Development Planning (Bappenas), Suharso Monoarfa, this initiative aligns with Indonesia’s broader goals of…
Indonesia Temporarily Halts Lamb Meat Imports to Protect Local Farmers
The Ministry of Agriculture (Kementan) has suspended lamb meat and carcass imports to safeguard local farmers from unfair pricing competition. This strategic move aims to sustain small-scale farming operations amid the surge of cheap imported meat. Minister of Agriculture Andi Amran Sulaiman emphasized the policy’s purpose to stabilize local farmers'…
Indonesia Targets Digital Economy Value of USD 120 Billion by 2025
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, announced that the nation's digital economy is projected to reach a value of USD 120 billion in 2025, up from the current USD 90 billion. By 2030, this figure is anticipated to surge to USD 400 billion. Speaking at the 2024 Kadin…
