Business News
Indonesia's Digital Economy Transactions in 2025 are Predicted to Reach 124 Billion US Dollars
Coordinating Minister for Economic Affairs Airlangga Hartarto said that the digital economy in Indonesia continues to increase. In 2020, said Airlangga, as much as 41.9 percent of the total ASEAN digital economy transactions came from Indonesia, which was contributed by the e-commerce sector. "Indonesia's total digital economy transactions have reached…
The Ministry of Industry integrates the development of Batam, Bintan, and Karimun
The Ministry of Industry integrates the development and management of the Batam, Bintan and Karimun (BBK) areas, Riau Islands Province, which has great potential and plays an important role in accelerating national economic recovery efforts. "The government will integrate the development and management of the BBK area. This integration will…
Ministry of Industry Initiates Import Substitution Policy
The Ministry of Industry (Kemenperin) has initiated a 35 percent import substitution policy by 2022. This policy aims to improve the national trade balance, especially for raw materials and auxiliary materials which are the backbone of the national processing industry. "Import substitution also encourages increased domestic industrial utilities, increased investment,…
Government Targets Five Percent Economic Growth in 2022
Coordinating Minister for the Economy Airlangga Hartarto said 2022 had been designated as a period of continued economic recovery and structural reforms. The government targets Indonesia's economic growth next year to grow above five percent. In order to achieve this target, he said, legal certainty and government support will continue…
