Business News
Foreign Investors Flock to Indonesian Market as Economic Fundamentals Improve
The influx of foreign funds into Indonesia's stock and bond markets is due to improving domestic economic fundamentals and the strong performance of large-cap companies. According to Nicodemus Anggi of Research and Consulting Infovesta Utama, foreign investment in the stock market is supported by the improving fundamental performance of large-cap…
Record-breaking Economic Boost During Eid Al-Fitr: Sandiaga Reports a Whopping IDR 335 Trillion Turnover
During the 2023 Eid al-Fitr holiday season in Indonesia, the tourism and creative economy (Parekraf) sectors saw an economic turnover of Rp335.3 trillion. This figure was announced by the Indonesian Minister of Tourism and Creative Economy, Sandiaga Uno, who revised the potential economic turnover for the third time during the…
Government's Consistent Efforts to Build Indonesia-centric Economy Evident as Investments Outside Java Dominate
Investment Minister/BKPM Head Bahlil Lahadalia announced that the investment realization for the first quarter of 2023 reached IDR 328.9 trillion. Investment growth outside Java has been higher than that of Java for 11 consecutive quarters. Based on Investment Ministry records, the spatial distribution of investment realization outside Java in the…
Indonesia's Furniture and Jewelry Products Make a Strong Showing in Taiwan, Garnering Transactions of IDR 219 Million
KDEI Taipei showcased Indonesian handicraft and furniture products at the GCC 2023 exhibition, generating transactions worth IDR 219 million. The products were tailored to Taiwanese consumers' tastes with Indonesian ethnic touches and showcased various handicraft, home decoration, jewelry, and environmentally friendly furniture products. The idnstore.tw platform was also introduced to…
