Business News
Indonesia, China Agree to Strengthen Partnership Through Inaugural 2+2 SOM
Indonesia and China held their inaugural Senior Officials’ Meeting of the Joint Foreign and Defence Ministerial Dialogue (2+2 SOM) in Jakarta on August 13, 2024. The meeting, co-chaired by Abdul Kadir Jailani, Director General for Asia-Pacific and African Affairs under Indonesia’s Ministry of Foreign Affairs, and Oktaheroe Ramsi, Secretary Directorate…
Indonesia Set to Profit from Trade for 51 Consecutive Months, Coal as the Saviour
Indonesia is projected to maintain its trade surplus in July 2024, marking the 51st consecutive month of surplus since May 2020. Market consensus estimates the surplus will reach USD 2.5 billion, an increase from June 2024's surplus of USD 3.39 billion. This positive outlook is largely attributed to the significant…
The Government Prepares Special Strategy to Dominate the Non-Traditional Furniture Market
The Indonesian government, through the Ministry of Industry (Kemenperin), is implementing strategic measures to expand the market for non-traditional furniture products, recognizing the high added value and importance of this sector to the national economy. As part of this strategy, Kemenperin participated in the IndexPlus Delhi 2024 exhibition in India,…
Trade Balance Surplus Expected to Increase to USD 2.67 Billion in July 2024
Indonesia's trade balance in July 2024 is expected to maintain a surplus, with projections suggesting an increase to USD 2.67 billion, up from USD 2.39 billion in the previous month. This growth is driven by an increase in exports, which outpaced the rise in imports. According to Josua Pardede, Chief…
