Business News
Zero Export Tariffs to the US Open Opportunities for Indonesian Industries to Strengthen Competitiveness
A trade agreement between Indonesia and the United States through the Agreement on Reciprocal Trade (ART) has opened wider export opportunities for Indonesian products. Under the scheme, around 1,819 Indonesian product tariff lines are granted zero import tariffs when entering the US market, potentially expanding market access for various national…
Indonesia’s Budget Deficit Could Approach 4% of GDP if Oil Prices Exceed USD 100
Indonesia’s fiscal outlook could face additional pressure if global oil prices remain above USD 100 per barrel, with analysts estimating the budget deficit could approach 4% of gross domestic product (GDP). Rising oil prices, driven by geopolitical tensions and global supply disruptions, may significantly increase the government’s energy subsidy burden…
Indonesia Downplays Oil Price Spike, Says Fiscal Risks Remain Manageable
Indonesia’s government has expressed confidence in its fiscal resilience despite a recent surge in global oil prices. Finance Minister Purbaya Yudhi Sadewa stated that although higher oil prices may increase the burden of energy subsidies, the country’s fiscal position remains stable and manageable. The government continues to closely monitor market…
Jababeka Introduces Industrial Tourism City Concept to Bolster Regional Growth
PT Jababeka Tbk has officially introduced the "Industrial Tourism City" concept, a strategic initiative aimed at integrating industrial activities with educational and recreational experiences. This innovative approach seeks to transform the Cikarang area into a multifaceted destination where visitors can explore modern manufacturing processes while enjoying urban amenities. By opening…
