Business News
Indonesia: Sustaining the Growth
In 2019, Indonesia’s middle class numbered around 57.3 million, but by March 2024, it had dropped sharply to approximately 47.8 million—highlighting a major loss in a vital engine of domestic consumption. Nonetheless, the country’s economy showed resilience in the second quarter of 2025, with GDP growth surprisingly strong at 5.12%…
Encouraging Export of Superior Products, the Indonesian Ministry of Transmigration Holds Socialization in the Cahaya Baru Area of South Kalimantan
In an effort to bolster exports of high-quality local products, the Indonesian Ministry of Transmigration recently conducted an outreach and socialisation event in the Cahaya Baru transmigration area of South Kalimantan. The goal of the initiative is to raise awareness among local producers about export potential and to support them…
Indo-Pacific Tensions Impact European Interests, German Minister Warns
During his visit to Indonesia on August 20, 2025, German Foreign Minister Johann Wadephul cautioned that escalating tensions in the Indo-Pacific—particularly China’s growing military assertiveness in the South China Sea and rising pressures in the Taiwan Strait—pose serious risks to international security and jeopardise the globally-established rules-based order. He highlighted…
Electric Car Manufacturers Can Heal as China's Rare Earth Magnet Exports Hit a Six-Month High
China's rare earth magnet exports rebounded and reached a six-month high in July 2025. This indicates that trade flows of the crucial minerals essential for electric vehicles have returned to levels before Beijing imposed export restrictions. Exports from the world's largest supplier of rare earth magnets increased nearly 75% from…
