The industrial sector, which is the main force in the national economy, continues to move despite facing various challenges such as the global economic slowdown to the Covid-19 pandemic. Expectations of Indonesian manufacturing companies remain positive in July 2023 with a score of 53.30. The processing industry also still contributes the largest to national GDP, growing 4.43% (yoy) in Quarter 1-2023. Investment in this sector also increased, reaching IDR 270.3 trillion, up 17% (yoy) in semester 1-2023.
Currently, the Government is intensively encouraging the downstream of Natural Resources-based industries (SDA) to strengthen the domestic industry. This downstream program aims to enable domestic products to replace imported goods and participate in global supply chains. The government also focuses on increasing investment by launching the Online Single Submission Risk Based Approach (OSS-RBA), issuing an Investment Priority List (DPI), and establishing an Investment Management Institution (LPI) to facilitate the business process. To increase economic resilience, the Government has established various policies, including the establishment of the Export Improvement Task Force, the Revision of Government Regulations on Foreign Exchange Export Proceeds (DHE), and the strengthening of Local Currency Settlement (LCS) implementation.
Source:
https://rm.id/baca-berita/ekonomi-bisnis/182837/hebat-industri-tumbuh-neraca-perdagangan-surpus-saat-ekonomi-global-melambat