Business News
Indonesia’s Trade Surplus Soars to USD 4.3 Billion in May 2025, Driven by Non-Oil Exports
Indonesia recorded a significant trade surplus of USD 4.3 billion in May 2025, a sharp increase from April’s modest surplus of USD 160 million. According to Pudji Ismartini, Deputy for Distribution and Services Statistics at Indonesia’s Central Statistics Agency (BPS), this improvement was driven by strong non-oil and gas (non-oil…
Government Promotes Batik on the World Stage
The government is highlighting batik not just as a patterned cloth, but as a work of high art that is full of symbols, philosophies, and local cultural values. UNESCO's recognition as a World Intangible Cultural Heritage since 2009 affirms the uniqueness of its making-from dyeing to natural colouring-that makes batik…
2025 World Investment Report: Investment in SGDs in Developing Countries to Shrink
The 2025 World Investment Report reveals that funding to achieve the Sustainable Development Goals (SDGs) in developing countries has decreased significantly through 2024. Investment in infrastructure fell 35 per cent, renewable energy fell 31 per cent, water and sanitation fell 30 per cent, and agrifood shrank 19 per cent. Meanwhile,…
Government Launches Trade Deregulation to Create Modern Business Climate
The government launched a trade policy deregulation package in response to President Prabowo Subianto's directive to establish a more conducive business climate. The programme consists of two main pillars: relaxation of import regulations and simplification of ease of doing business. Through regulatory reform, the business community is expected to gain…
