The Indonesian Central Bank (BI) has assessed that the trade balance surplus in November 2024 was positive to support the external resilience of the Indonesian economy. […]
A recent report indicates that the social commerce market for TikTok Shop is estimated to reach US$2.9 trillion globally by 2026, equivalent to around IDR 44,000 trillion. […]
TikTok’s Project S initiative had previously raised concerns within the government, as it was feared that it might disrupt business competition, especially among small and medium-sized enterprises (UMKM). […]
The government intends to offer even more enticing incentives, particularly for the four natural resources sectors that are obligated to retain foreign exchange earnings domestically for 3 months. […]
Exporters from the mining, plantation, forestry, and fisheries sectors are required to place a minimum of 30 percent of their foreign exchange earnings into a special domestic account for a period of 3 months. […]
Indonesian state-owned steel company PT Krakatau Steel successfully exported 30,000 tons of steel to Italy. The company also recorded the highest surplus in Indonesian history, valued at IDR 900 trillion.. […]
Famous food container brand Tupperware may face bankruptcy in the near future. Experts claimed that the company has failed to adapt to changes in consumer behavior and failed to make innovation, making the brand too generic. […]
Indonesian President Joko “Jokowi” Widodo made a series of visits to East Asian countries to boost investments and hedge future conflicts. Widodo and his entourage started their visit to China followed by Japan and South Korea.
In his three-day tour, Widodo made around US$13 billion in investment pledges and business deals after meeting South Korean counterpart Yoon Suk Yeol.
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The conflict between Russia and Ukraine, will not disrupt the wheat supply in Indonesia . According to Fransiskus Welirang, President of the Wheat Flour Producers Association, Ukraine ranks 8th as an exporter of wheat. It should be noted that other countries can also supply Indonesia with grain.
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