Business News
Target Economic Growth of 8%, Ministry of Trade: Exports Need to Grow 7-10% in 2025
The Ministry of Trade, through the Trade Policy Agency (BKPerdag), targets an export value of USD 294.45 billion with a growth of 7.1% in 2025. This export value is expected to increase further, reaching USD 405.69 billion by 2029, with a growth rate of 9.64%. Fajarini Puntodewi, Head of BKPerdag,…
The Economic Growth of Indonesia in 2024 is Projected to Range from 5% to 5.05%
Bank Mandiri views Indonesia’s economy as remaining on a positive trajectory in 2024, supported by maintained macroeconomic stability and strengthening in various strategic sectors. Eka Fitria, Director of Treasury & International Banking at Bank Mandiri, forecasts that Indonesia’s economy will grow by 5% to 5.05% by the end of 2024.…
Indonesia's Industrial Sector Drives 79.91% of Exports Through October 2024
Indonesia's export structure remains dominated by the industrial sector, contributing 79.91% of total exports as of October 2024, according to Minister of Trade Budi Santoso. Speaking during a meeting with Commission VI of the Indonesian Parliament in Jakarta on November 20, Santoso highlighted that industrial exports reached USD 18.43 billion,…
Indonesia's Plastic Imports Reach USD 233.15 Billion Amid Efforts for Industry Sustainability
According to Indonesia's Coordinating Ministry for Economic Affairs, the country's plastic imports totaled USD 233.15 billion in Q1 2024, significantly surpassing exports of USD 103.47 million. Domestic producers currently fulfill only 50-60% of the national demand for plastic raw materials. This shortfall underlines the importance of Plastics & Rubber Indonesia…
