Business News
Indonesia's Trade Balance Continues Positive Trend, Achieves 49 Consecutive Months of Surplus
The government continues to strengthen efforts to boost national exports, notably through the establishment of the National Export Enhancement Task Force (Satgas) on September 20, 2023. Amid the current global economic conditions, Indonesia's export performance remains robust, with exports reaching USD 22.33 billion in May 2024, marking a 13.82% month-to-month…
Indonesian Export Performance Remains Strong Amid Global Economic Slowdown
Indonesia's trade balance has recorded a surplus for 49 consecutive months up to May 2024. The Central Statistics Agency (BPS) reported a trade balance surplus of USD 2.93 billion in May 2024, up from USD 2.72 billion the previous month. "Indonesia's trade balance continues its 49-month surplus streak, driven by…
Biak Poised to Become Maritime Economic Hub in the Pacific
The government of Biak Numfor Regency in Papua aims to leverage its maritime and tourism sectors to establish Biak as a key economic growth center in the Pacific region. "Biak's diverse fisheries, if managed well, will bring economic benefits to the indigenous Papuan communities," said Michael Isir, Head of Biak…
Papua's Coffee Gains International Popularity, Says Local SME Entrepreneur
Papua's small and medium enterprise (SME) entrepreneur, Yafet Wetipo, has acknowledged the growing international interest in Papua's coffee. Currently, Wetipo, along with the local coffee community, is encouraging farmers to actively cultivate their coffee plantations. "I am also collecting coffee for export to Singapore," stated Wetipo in Jayapura on Wednesday,…
