Business News
Great! Indonesia's Tuna Exports to Japan Now Duty-Free
Indonesia's tuna exports and certain related products have recently gained duty-free access to Japan, a development expected to enhance the competitiveness and investment potential of Indonesia's tuna industry. Budi Sulistiyo, Director General of Product Competitiveness Strengthening at the Ministry of Maritime Affairs and Fisheries (KKP), announced that four tariff lines…
The Government Focuses on Increasing Exports of Tradable Goods
The Indonesian government remains committed to strengthening export performance as a strategic measure to stabilize the IDR exchange rate and support national economic growth. The primary focus is on increasing exports of tradable goods, which include key sectors such as agriculture, forestry, fisheries, mining, and manufacturing. Minister of National Development…
IMF Predicts Indonesia's Economy to Grow 5% in 2024 and 5.1% in 2025
The International Monetary Fund (IMF) projects continued positive economic growth for Indonesia in 2024 and 2025. According to the July 2024 World Economic Outlook (WEO) Update, Indonesia's economy is expected to grow by 5% in 2024, with a slight increase to 5.1% in 2025. These projections remain consistent with the…
Customs Revenue Reaches IDR 154.4 Trillion: Freeport and Amman's Copper Exports Surge Nearly 1000% as the Main Support
The Indonesian Ministry of Finance, led by Minister Sri Mulyani Indrawati, reported customs and excise revenues of IDR 154.4 trillion by July 2024, marking a 3.1% year-on-year (yoy) growth and reaching 48.1% of the 2024 State Budget (APBN) target. In the August 2024 edition of the APBN Kita Press Conference,…
