Business News
Rupiah Faces Fifth Consecutive Deflation, USD Rises to IDR 15,195
The Indonesian Rupiah weakened against the USD at the start of October 2024, approaching the IDR 15,200/USD mark again. According to Refinitiv data, the Rupiah closed at IDR 15,195/USD on Tuesday (1 October 2024), weakening by 0.4% from the previous close (30 September 2024). Concurrently, the US Dollar Index (DXY)…
Indonesia Poised to Become AI Investment Hub
Indonesia is emerging as a prime destination for AI investment, bolstered by its vast population of 282.74 million, making it the fourth-largest in the world after India, China, and the US. With one of the fastest-growing AI technology adoption rates globally, particularly in corporate sectors and over 2,600 startups, the…
Palm Oil and Coffee Products Record Transactions of IDR 479 Billion in China
The Indonesian Ministry of Trade reported that palm oil, coconut, cloves, coffee, and tropical fruits from Indonesia generated potential transactions worth IDR 479 billion during the 21st China-ASEAN Expo (CAEXPO) held from 24 to 28 September 2024 in China. “We are proud of the transaction results achieved; this is solid…
Exports of Indonesian Household Electronic Products Increase to Egypt
Indonesia's Ambassador to Egypt, Lutfi Rauf, announced a significant increase in the export of household electronic products to the Egyptian market, particularly highlighting a remarkable rise in refrigerator exports, which reached USD 5.45 million from January to June 2024. This figure represents an 87.87% increase compared to the same period…
