Business News
South Sulawesi Records a Trade Surplus of USD 811.44 Million
The Central Statistics Agency (Badan Pusat Statistik or BPS) has reported that the export value of South Sulawesi Province from January to September 2023 reached USD 1,682.17 million, resulting in a surplus of USD 811.44 million with a total import value of USD 870.73 million, or equivalent to more than…
South Sumatra's Economy Grew by 5.08% in Q3-2023
The Central Statistics Agency (Badan Pusat Statistik or BPS) reports that in the third quarter of 2023, the economy of South Sumatra Province (Sumsel) grew by 5.08% year-on-year (YoY). "This figure, when compared on a quarterly basis (QoQ) or to the second quarter of 2023, experienced growth of 2.39%," said…
Makassar Cooperative Exports Seaweed Worth IDR 500 Million to China
The Seaweed Cooperative of the Free Indonesian Workers' Union (Kospermindo) has exported 100 tons of seaweed to Xiamen, Fujian Province, China. Four containers of seaweed, valued at IDR 500 million, were shipped from the port of Makassar in South Sulawesi on Saturday, November 4, 2023. Arman Arfah, Chairman of Kospermindo,…
Manufacturing Sector Grows by 5.2% in Q3 2023, Exceeding Economic Growth
The manufacturing sector continued to improve its performance in the third quarter of 2023. The Central Statistics Agency (BPS) reported that during this period, the manufacturing industry grew by 5.20% year-on-year, surpassing the 4.94% economic growth during the same period. The contribution of the manufacturing industry to the national Gross…
