Business News
Indonesian Government to Build VIP Airport in Central Java Industrial Estate in Pursuit of Investors
The government of Indonesia is planning to build a VIP airport at the Industrial Estate Kendal (IEK) in Central Java. According to the Minister of State-Owned Enterprises, Erick Thohir, the project will require significant investment and the government is seeking both domestic and foreign investors to support the construction. The…
Record-Breaking Trade Surplus Achieved for Indonesia!
Indonesia recorded a historic trade surplus in 2021, with exports exceeding imports by USD 74.3 billion. This is a significant increase from the previous year's trade surplus of USD 21.7 billion. The country's strong performance in the trade sector was mainly driven by a surge in exports of commodities such…
East Kalimantan Set to Soar: Predicted 5% Economic Growth for 2023
The economic growth of East Kalimantan (Kaltim) is predicted to increase in 2023. Bank Indonesia predicts that the economic growth of Kaltim will even reach up to 5.10% year on year (yoy) in 2023. The Head of the Bank Indonesia Representative Office (KPw BI) of Kaltim, Ricky P Gozali, explained…
From Local to Global: Indonesia's Textile, Footwear, and Leather Industries Poised for Export Domination
Indonesia's economy managed to grow positively by 5.31% year on year (YoY) in 2022, despite facing tough challenges and the threat of recession. One of the sectors that catalyzed the national economic performance is the Textile and Textile Products (TPT) and Footwear industry sector. Deputy for Coordination of Trade and…
