Business News
Palm Oil Plantations Play a Crucial Role in Supporting Indonesia's Economy
The palm oil plantation sector plays a crucial role in supporting Indonesia's economy, resilient even amid challenges like the COVID-19 pandemic. Ahmad Junaedi Karso, a Political Science lecturer at the University of Muhammadiyah Makassar, emphasizes the significant contribution of the palm oil plantation sector to the national economy. He underlines…
The Finance Minister Highlights that 47% of Economic Activities Remain Tax-Free
Finance Minister Sri Mulyani Indrawati revealed that up to 47% of economic activities in Indonesia are currently exempt from taxes, positioning Indonesia as the country with the highest tax exemption rate. Speaking at the Mandiri Investment Forum 2024 in Jakarta on Tuesday, March 5, she emphasized that more than 47%…
Confronted with an economic downturn trend, the manufacturing activity in Indonesia stays resilient
Amidst a global economic downturn, Indonesia's manufacturing sector continues to exhibit robust performance. The Purchasing Managers’ Index (PMI) for Indonesian manufacturing in February 2024 remains in the expansion zone, at a level of 52.7 (compared to 52.9 in January). Despite facing a trend of weakening global economic activity, domestic demand…
The Government is Optimistic that Indonesia's Economy Will Grow Stronger Next Year
The Indonesian government is expressing optimism regarding a more robust economic growth trajectory in the upcoming year. Projections indicate a growth rate surpassing the estimated 5.2% for the current year. It is anticipated that in 2024, a growth rate of 5.2% will be achieved, reflecting an improvement over the figures…
