Business News
Economic Update Indonesia: Indonesian Economy Expands at a Rate of 5.05% (Y/Y) in Q2-2024
Indonesia's economy expanded by 5.05% year-on-year (y/y) in the second quarter of 2024 (Q2-2024), according to data from the Indonesian Statistical Agency (BPS) released on August 5, 2024. Although slightly below the projected 5.1%, this growth is viewed positively given global uncertainties such as unrest in the Middle East, the…
Exports in Creative Economy Sector Records Over USD 12 Billion in 2024's First Half, Ministry Reports
The Indonesian Ministry of Tourism and Creative Economy reported a 4.46% increase in the country's creative economy exports, reaching USD 12.36 billion in the first half of 2024 compared to the same period in 2023. This growth was driven primarily by the fashion, crafts, and culinary sectors, with key export…
Jokowi: IDR 56.2 Trillion Invested in Nusantara Capital City Development
President Joko "Jokowi" Widodo announced that a total of IDR 56.2 trillion has been invested in the development of Nusantara Capital City (IKN), excluding government funds. This investment, disclosed during the first cabinet meeting held in the new capital on August 12, 2024, comes from 55 companies across various sectors,…
Minister of Industry Ensures the Industry Is Ready to Implement Health Regulations
Minister of Industry Agus Gumiwang Kartasasmita announced that the industrial sector is prepared to implement Government Regulation (PP) No. 28 of 2024, which enforces Law No. 17 of 2023 on Health (PP Kesehatan). Speaking from Ibu Kota Nusantara (IKN) in East Kalimantan, Agus confirmed that discussions with domestic industry stakeholders…
