Business News
January-May Trade Balance Surplus Reaches US$ 10 Billion
The Central Statistics Agency noted that the trade balance in May 2021 was a surplus of US$. 2.36 billion, higher than the previous month's surplus of US$ 2.19 billion and May 2021 of US$ 2.09 billion. During this year or January-May 2021, the trade balance surplus reached US$ 10.17 billion.…
RI president optimistic of 7% economic growth in second quarter
President Joko Widodo has said he is optimistic the Indonesian economy will grow seven percent year-on-year in the second quarter of 2021 in view of improving macro economic indicators. "We all remain optimistic that Insya Allah (God willing), the economy will grow by about 7 percent in the second quarter…
Indonesia’s Proposed Carbon Tax Bill Reveals Risk to GDP Growth
Indonesia’s plan to tax carbon output risks slowing growth in Southeast Asia’s biggest economy and faces resistance from some of the country’s biggest industries. A proposed rate of 75,000 rupiah ($5.2) per ton of carbon dioxide output would generate 32 trillion rupiah in additional state revenue and cut emissions by…
Mandiri Sekuritas Projects Indonesia's Economy to Grow 4.4 Percent in 2021
Mandiri Sekuritas predicts Indonesia's economic growth will reach 4.1 to 4.4 percent this year. Mandiri Sekuritas Chief Economist Leo Putera Rinaldy said the determination of this economic growth projection was based on the continued domestic and global economic recovery despite the Covid-19 pandemic still hitting Indonesia. "Overall, our full year…
