Business News
Indonesian Economy Grows by 4.94% in Q3-2023
The Central Statistics Agency (BPS) has announced that Indonesia's economic growth in the third quarter of 2023 reached 4.94% year on year (YoY), as stated by the Acting Head of BPS, Amalia Adininggar Widyasanti, during a press conference on Monday, November 6, 2023. Market consensus gathered by CNBC Indonesia from…
Targeting USD 2 Billion in Exports, 4,000 Culinary Businesses Aims to Spread Worldwide
The Indonesian government is setting its sights on culinary exports reaching USD 2 billion by distributing 4,000 Indonesian culinary businesses globally by 2024. Helson Siagian, an Expert Staff member at the Office of the President, stated that the Ministry of Tourism and Creative Economy (Kemenparekraf) has prepared a funding, training,…
Indonesia Successfully Secures Access to Export 660,000 Tons of Cassava to the UK
Indonesia and the UK have successfully finalized modifications to the UK's Tariff Rate Quota (TRQ) country-specific concession for Indonesian cassava products, especially after the UK's exit from the European Union (post-Brexit). As reported on kemendag.go.id, this agreement was confirmed during the Senior Official Meeting (SOM) of the World Trade Organization…
Bengkulu Records a Trade Surplus of USD 182.51 Million
The Central Statistics Agency (Badan Pusat Statistik) reported that the trade balance of Bengkulu Province from January to September 2023 experienced a surplus of USD 182.51 million. "The trade balance of Bengkulu Province in September 2023 recorded a surplus of USD 10.58 million. Meanwhile, the trade balance of Bengkulu Province…
