Business News
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)…
Indonesia Strengthens Trade Relations with South Korea
Indonesian Vice Minister of Trade, Dyah Roro Esti, received a courtesy visit from Park Soo-deok, Chargé d’Affaires ad interim of the South Korean Embassy in Jakarta, on Tuesday (May 6) at the Ministry of Trade office. During the bilateral meeting, both parties discussed concrete steps to enhance trade cooperation between…
Hotels and Restaurants Contribute IDR 10.85 Trillion in Investment in the First Quarter
Investment realization in the hotel and restaurant sector reached IDR 10.85 trillion in the first quarter of 2025, covering both Domestic Direct Investment (PMDN) and Foreign Direct Investment (PMA). According to data from the Ministry of Investment and the Investment Coordinating Board (BKPM), this amount was spread across 323,594 projects.…
