Business News

GDP expanded by 5.17 percent in 2018

Indonesia’s gross domestic product (GDP) expanded by 5.18 percent year-on-year (yoy) in the fourth quarter of last year, Statistics Indonesia (BPS) announced on Monday, bringing the overall growth for last year to 5.17 percent, the highest annual expansion since 2013, when the economy grew by 5.56 percent. Household spending, which…

Indonesia vows to boost exports after GDP announcement

After Statistics Indonesia (BPS) announced 5.17 percent gross domestic product (GDP) growth in 2018 on Wednesday, the government vowed to continue efforts to boost exports amid global uncertainty triggered by trade tensions between the United States and China. Coordinating Economic Minister Darmin Nasution credited household spending for the strong growth,…

Poor logistics hold back Indonesian e-commerce from 'quantum' leap

Accenture, a Fortune 500 business consultancy, has estimated that Indonesia’s e-commerce market may grow from US$27 billion last year to  $300 billion by 2025, if the country’s digital ecosystem can leapfrog into a fully integrated “quantum commerce” environment. “This means integrating everything from your phone, entertainment, transport, health and food,”…

Inalum establishes mining research institute to speed up downstream development

State-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) recently established the Mining and Minerals Industry Institute (MMII), a research center aimed at boosting the downstream industry to help meet the government’s goal of reducing imports. Inalum president director Budi Gunadi Sadikin said besides bringing added value to the industry,…
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