Business News
Indonesia's Manufacturing PMI Strengthens Again, Reaching 53.3 in July 2023
In July 2023, Indonesia's Manufacturing Purchasing Manager's Index (PMI) surged to 53.3, rising 0.8 points from June 2023's figure of 52.5. This indicates the manufacturing sector's continued growth for 23 consecutive months, reaching its fastest expansion since September 2022. S&P Global attributes this growth to the sector's robust momentum in…
Indonesia Pushes for Economic Growth in ASEAN
The Indonesian Ministry of Coordinating Economic Affairs leveraged its 2023 ASEAN chairmanship to drive economic growth in ASEAN countries, emphasizing both speed and equity. During the 44th Meeting of the High-Level Task Force on ASEAN Economic Integration and Related Meetings held in Lombok from July 29 to 31, 2023, Deputy…
Deputy Minister of Trade Unveils Upbeat Economic Growth Trends in Indonesia
Indonesia's vision of becoming "Indonesia Emas 2045" is more than just an aspiration, as the country's current economic conditions support its realization. The consistent achievement of trade surplus and stable inflation rates are some of the factors contributing to this positive outlook. Deputy Minister of Trade (Wakil Menteri Perdagangan/Wamendag) Jerry…
The Potential and Challenges in the Production Supply Chain of Indonesia's Oil and Gas Sector
Indonesia, with 128 oil and gas basins, has the potential to increase its oil and gas reserves. Currently, only a few of these basins are productive, and the remaining oil reserves amount to 4.17 billion barrels. However, exploration for new reserves faces complex challenges, given Indonesia's diverse geographical and operational…
