Business News
Statistics Indonesia Records Trade Balance Surplus for 50 Consecutive Months
The Central Statistics Agency (BPS) reported that Indonesia's trade balance has consistently experienced a surplus for 50 consecutive months since May 2020, with a surplus of USD 2.39 billion in June 2024. Acting Head of BPS, Amalia Adininggar Widyasanti, explained that the trade surplus in June 2024 was due to…
Indonesia Targets South American Market for Trade and Investment Opportunities
The Indonesian Chamber of Commerce and Industry (Kadin) is targeting South America as a trade and investment opportunity. Kadin Chairman Arsjad Rasjid emphasized the push towards non-traditional markets, expanding beyond Asia to South America, especially with major international events like the G20 being held in Brazil. Kadin aims to assist…
Indonesian Car Exports on the Rise, with Major Markets in the Philippines and Vietnam
The Central Bureau of Statistics (BPS) reported that Indonesia's car export value reached USD 2.78 billion by June 2024, slightly lower than the USD 2.97 billion recorded from January to June 2023. Despite the decline in June 2024, Acting Head of BPS, Amalia Adininggar Widyasanti, revealed that the overall trend…
Investment in Mineral and Coal Soars to USD 15.92 Billion by May 2024
Indonesia's mineral and coal (minerba) subsector saw a significant investment surge, reaching USD 15.92 billion by May 2024. This marks a dramatic increase from USD 2.86 billion in May 2023, representing a year-on-year growth of approximately 455.38%. Notably, the investment for the first four months of 2024 has already surpassed…
