News | Business-Indonesia

Stable Growth for Indonesia’s Logistics Sector

Indonesia's logistics sector continues to demonstrate steady growth, driven by increased investments, government reforms, and substantial contributions to the nation's GDP. However, challenges remain,

25 Nov 2024
This Week’s Headlines (Nov. 16 - 22, 2024)

Business-Indonesia's This Week's Headlines Issue #139

22 Nov 2024
Ministry of Industry to review Apple's USD 100 million investment proposal

The Ministry of Industry will hold an internal leadership meeting today, November 21, to discuss Apple’s investment proposal of USD 100 million, or equivalent to IDR 1.6 trillion. If approved, the dea

21 Nov 2024
Indonesia Aims for USD 400 Billion in Exports by 2029 to Drive 8% Economic Growth

Indonesia’s target of 8% economic growth is projected to be achievable only by 2029, coinciding with the end of President Prabowo Subianto’s term. The Ministry of Trade estimates that exports will nee

19 Nov 2024
Bank Indonesia Maintains Interest Rate at 6% to Stabilize Rupiah, Curb Inflation

Bank Indonesia (BI) announced its decision to keep its benchmark interest rate at 6% during the November 2024 monetary policy review. This move aligns with the central bank's focus on stabilizing the

20 Nov 2024
Free Medical Check-Ups: Another Boon to Indonesia’s Pharmaceutical Industry

In late September of this year, it was announced that President Prabowo Subianto would allocate Rp 3.3 trillion (roughly US$209.8 million) to provide free medical check-ups starting in 2025. The progr

08 Nov 2024

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Business-Indonesia's This Week's Headlines Issue #130

Business-Indonesia's This Week's Headlines Issue #130

Energy Transition

Bank Indonesia Lowers Interest Rate to 6% Amid Stable Inflation

Bank Indonesia (BI) has reduced its benchmark interest rate by 25 basis points (bps) to 6% as of September 2024. The Indonesian central bank also lowered the deposit facility rate to 5.25% and the len

19 Sep 2024

Business News

Economy

Indonesia's Parliament Approves Higher Spending for Incoming Prabowo Government

Indonesia’s key parliamentary budget committee has approved a 6% rise in spending for the incoming administration of President-elect Prabowo Subianto.

Indonesia's Trade Surplus Reaches 52 Consecutive Months with $ 2.90 Bn

Indonesia's trade balance recorded a surplus in August 2024, marking the 52nd consecutive month of surplus since May 2020, according to the Central Statistics Agency (BPS).

Indonesia’s Cosmetics Sector Remains Radiant Amidst Global Economic Downturn

Indonesia's cosmetics industry is looking bright, defying global economic challenges with strong growth fueled by its large and youthful consumer base. The sector's expansion is driven by rising consu

13 Sep 2024

Cosmetics

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