Business News
Government Boosts Domestic Spending to Support Economic Growth
The Indonesian government, led by Coordinating Minister for Economic Affairs Airlangga Hartarto, is intensifying efforts to stimulate domestic consumption as a key driver of national economic growth. Household spending currently contributes 54% to GDP, aligning with President Prabowo Subianto’s directive to strengthen the domestic economy. Initiatives like Friday Mubarak and…
To Be Able to Compete in the Global Market, Customs Intensifies Export Assistance for MSMEs
Customs continuously intensifies export assistance for Micro, Small, and Medium Enterprises (MSMEs). Through Export Clinic activities and intensive assistance, Customs in various regions such as Cilacap, Tarakan, and Jember demonstrate their commitment to encouraging MSMEs to be able to compete in the global market. Cilacap Customs held an Export Clinic…
Indonesia "South Korea Increases Cooperation in Manufacturing Industry Sector
Indonesia and South Korea are committed to continuing to increase comprehensive cooperation, including in the development of the manufacturing industry sector to spur the economies of both countries. "We hope that the potential for economic and industrial cooperation between Indonesia and South Korea can be further increased and strengthened," said…
West Java's Economy Grows 4.98% in Q1 2025, Surpassing National Growth
West Java's economy grew by 4.98% year-on-year (YoY) in Q1 2025, surpassing the national growth rate of 4.87%. The highest sources of growth were agriculture (1.83%), trade (0.90%), transportation and warehousing (0.56%), and information and communication (0.56%). Regarding expenditure, household consumption contributed 2.99%, followed by Gross Fixed Capital Formation (PMTB)…
