Business News
The Government Encourages Downstreaming for Equitable National Economic Distribution
The government continues to prioritize downstreaming as a key strategy for achieving equitable national economic growth, with President Prabowo Subianto emphasizing large-scale industrialization projects to boost the added value of domestic natural resources. To support this, the government has focused on budget efficiency, with Finance Minister Sri Mulyani Indrawati reporting…
The Economy of Jakarta is Projected to Grow by up to 5.4% This Year
Bank Indonesia (BI) Representative Office of DKI Jakarta predicts that Jakarta's economy will continue to grow solidly this year, with economic growth projected to range from 4.6% to 5.4%. The head of the BI Representative Office in DKI Jakarta, Arlyana Abubakar, emphasized that this solid growth is supported by four…
Downstream Industry Contribution to Indonesia’s Economy Could Exceed 30% by 2030
Indonesia’s downstream industry is set to play a crucial role in economic growth, with its contribution expected to exceed 30% by 2030. According to Rosan Roeslani, Minister of Investment and Downstreaming and Head of the Investment Coordinating Board (BKPM), the sector has already contributed 28.8% in 2024, and he is…
Investment and Agriculture to Support NTB's Economic Growth in 2025
Bank Indonesia has outlined four key strategies to drive West Nusa Tenggara’s (NTB) economic growth in 2025, targeting a 4.3%–5.1% increase in 2024. Berry Arifsyah Harahap, Head of Bank Indonesia’s NTB Representative Office, detailed the initiatives aimed at boosting the region’s economy. The first strategy focuses on enhancing agricultural productivity…
