Business News
Indonesia and Timor Leste Discuss Enhancing Technical Trade Cooperation
Indonesia and Timor-Leste held a meeting to enhance bilateral, regional, and multilateral trade cooperation, signing an MoU on Technical Cooperation in the Trade Sector (TCTS). According to a press release from the Ministry of Trade on August 2, 2024, the meeting was conducted by Indonesia's Minister of Trade, Zulkifli Hasan,…
Indonesia's Economic Growth Projected to Reach 5.01% in Q2 2024
Indonesia's Gross Domestic Product (GDP) is estimated to grow within the range of 4.97% to 5.01% year-on-year (yoy) in Q2 2024. "GDP is expected to grow 4.97% to 5.01% yoy in Q2 2024 and 5% to 5.1% for the fiscal year 2024, driven by limited seasonal factors and high domestic…
Indonesia Aims to Become Top Coconut Exporter with New Exports from Lampung
On 3 August 2024, Indonesian Trade Minister Zulkifli Hasan launched the export of processed coconut products from PT Sari Segar Husada, valued at USD 1.50 million (IDR 25.30 billion). These products, set for markets in Australia, China, the Netherlands, and Tanzania, mark a significant step in Indonesia’s coconut industry. Minister…
233 National Strategic Projects Fuel Indonesia’s Economic Growth in 2024
Indonesia is advancing its economic growth and development through the implementation of 233 National Strategic Projects (PSN), with a total investment value of IDR 6,246.7 trillion. These projects are expected to create 2.71 million jobs. According to Coordinating Minister for Economic Affairs Airlangga Hartarto, as of February 2024, 195 of…
