Business News
Industrial Infrastructure and Factory Projects Boost Domestic Steel Consumption
The Central Statistics Agency (BPS) noted that the base metal industry will experience growth of 14.8 percent throughout 2022, with gross domestic product (GDP) at constant prices (ADHK) reaching IDR 124.29 trillion. This growth was boosted by increasing domestic steel consumption.Melati Sarnita, Chair of the Indonesian Iron and Steel Industry…
Italy GDP to rise 0.8% 2023, 1% 2024 - EC
ROME, FEB 13 - Italian GDO will rise 0.8% this year and 1% next, the European Commission said in its winter forecasts Monday.The autumn forecasts had seen 0.3% growth this year and 1.1% next. Also in the new forecasts, inflation is seen at 6.1% in 2023 and 2.6% in 2024,…
The ASEAN Tourism Forum Can Contribute IDR 5 Trillion to the Yogyakarta Economy
Minister of Tourism and Creative Economy Sandiaga Uno said the 2023 Asean Tourism Forum (ATF) had an extraordinary economic impact on the Special Region of Yogyakarta (DIY) of around Rp. 5 trillion. For temporary data, the results of holding the event for B2C reached more than Rp. 8 billion, while…
Lake Toba Will Be Flooded with Tourists After the F1 Powerboat
The Minister of Tourism and Creative Economy (Menparekraf) Sandiaga Salahudin Uno said that holding the F1 Powerboat event which will be held on 25-26 February 2023 in Lake Toba, North Sumatra will have an economic impact on the region of IDR 212 billion. He hopes to increase tourists by 3.7…
