Business News
Every USD 1 Oil Price Increase Could Add Up to IDR 4 Trillion to Indonesia’s Fuel Subsidies
Indonesia stands poised to face higher energy costs as global crude oil prices rise amid ongoing geopolitical tensions, particularly between the United States and Iran. An economist from Paramadina University estimates that for each USD 1 increase in global oil prices, the government’s fuel subsidy bill could expand by up…
China Emerges as the Leading Destination for Riau’s Non-Oil and Gas Exports
Riau Province recorded a significant trade surplus of USD 1.22 billion in January 2026, primarily driven by a robust performance in the non-oil and gas sector. Total export value for the period reached USD 1.85 billion, marking a substantial 23.16 percent increase compared to the same month in the previous…
Processing Industry Anchors Indonesia's Export Growth in Early 2026
The processing industry has emerged as the sole sector to record positive growth in Indonesia's January 2026 export performance, rising by 8.19 percent to reach USD 18.51 billion. This robust achievement effectively balanced the contractions observed in the agricultural and mining sectors during the same period. Leading the surge, Crude…
Manufacturing Sector Drives Jakarta’s Export Growth in Early 2026
IJakarta's export performance reached a significant milestone in January 2026, recording a total value of USD 1.55 billion. This impressive figure represents a 9.21 percent increase compared to the same period last year, primarily fueled by the non-oil and gas sector. The manufacturing industry emerged as the dominant force, contributing…
