Business News
The Minister of Trade is Optimistic that Economic Growth in 2025 Will Reach 5.2%
Minister of Trade Budi Santoso is optimistic that Indonesia's economic growth will reach 5.1% to 5.2% in 2025. He hopes that Indonesia’s economic growth will continue to improve over the next five years, ultimately reaching 8% by 2029. "The expectation is that Indonesia's economic growth will continue to rise in…
Mayor of Batu City Explains Batu City's Economic Growth Rate in 2024
Batu City has made significant strides in 2024, demonstrating impressive growth across multiple sectors, particularly in its economic performance. The city's economic growth rate reached 6.19%, outperforming both East Java's 4.95% and the national average of 5.04%. This positive trend is largely driven by the dominance of MSMEs, which make…
Manufacturing PMI Returns to Expansion at the End of 2024, National Economic Performance Remains Resilient
In December 2024, Indonesia's Manufacturing Purchasing Managers' Index (PMI) rebounded to an expansive level of 51.2, up from a contraction of 49.6 in the previous months. This improvement was driven by increases in both domestic and export orders, alongside a rise in raw material purchases by companies. Coordinating Minister for…
IKN Authority: 52,000 Hectares of Strategic Land Ready to be Controlled by Investors
The Indonesian Capital City Authority (OIKN) said that as many as 40 plots of land covering 52,000 hectares in the Indonesian Capital City (IKN) have been allocated for investors. Head of OIKN, Basuki Hadimuljono, said that the 40 plots of land were also used for the development of the State…
