Business News
Indonesia's International Investment Position (IIP) Breached USD 260.3 Billion in the Fourth Quarter of 2023
Indonesia's International Investment Position (IIP) in the fourth quarter of 2023 saw an increase in net liabilities, as reported by Bank Indonesia. At the end of Q4 2023, Indonesia's IIP recorded a net liability of USD 260.3 billion, up from USD 251.9 billion in the previous quarter of Q3 2023.…
South Kalimantan (Kalsel) Halal Fair lends support to Indonesia's Position as a Global Halal Industry Hub
Governor of South Kalimantan (Kalsel), Sahbirin Noor, stated that the National Halal Fair Kalsel 2024 will support Indonesia in becoming a center for halal product industries globally. "South Kalimantan is one of the 12 provinces in Indonesia organizing the National Halal Fair 2024 during Ramadan. This event is a significant…
Textile Entrepreneurs Welcome Tightening Import Surveillance Regulations
The Indonesian Textile Association (API) has expressed approval of the government's decision regarding the implementation of Minister of Trade Regulation (Permendag) 36 of 2023, which underwent slight modifications in Permendag 3 of 2024. Jemmy Kartiwa, the Chairman of API, emphasized the significance of Permendag for the domestic textile industry, foreseeing…
Trade Balance Records Surplus of USD 0.87 Billion in February 2024
Indonesia's trade balance showcased a surplus in February 2024, amounting to USD 0.87 billion. This surplus comprised a non-oil and gas surplus of USD 2.63 billion and a trade deficit in oil and gas of USD 1.76 billion. This marks Indonesia's 46th consecutive month of recording a trade surplus. Trade…
