Tag Archives: development

Indonesia capable of becoming EV center: Trade Minister

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia is capable of becoming a center of electric vehicles (EVs) considering that the country has abundant sources of raw materials used in EV batteries, Trade Minister Zulkifli Hasan has said. The government has taken several steps to attract businesses to invest in Indonesia and build factories for the EV industry, including by highlighting the nation’s enormous natural and human resources. “We wield a very large population and abundant battery raw materials. Hopefully, many factories will be built here, so we can become the center of EVs or green economy, in general,” Hasan said after visiting an automotive factory in … Continue reading →

Encouraging Exports of Agricultural and Forestry Products, Policy Relaxation Enacted

Indonesia3000: Indonesian Business Services Provider Posted on by

Exports of various types of non-oil and gas products, including agricultural and forestry products, which are Indonesia’s main export products after mineral fuels, fats and oils, iron and steel, metal ores, and footwear are currently being boosted by the government. As sourced from the Ministry of Trade, Jerry Sambuaga as Deputy Minister of Trade, mentioned this during his working visit to CV Sono Putro, Klaten, Central Java. In order to boost export performance, the Ministry of Trade has taken several strategic steps, including providing policy relaxation for this type of product. The Vice Minister of Trade emphasized the importance of efforts … Continue reading →

Indonesia may become high-income country in few years: Pandjaitan

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia’s marine economy has a lot of room to grow and the country could become a high-income country in the next few years, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan has said. According to Pandjaitan, in 2045, the contribution of the marine sector to the national economy would rise by twofold and continue to grow. At the opening of the Archipelagic and Island States (AIS) Forum here on Tuesday, he said that given the current trend, he believes that Indonesia would become a high-income country in 10 years. If this continues, within the next three decades, Indonesia … Continue reading →

In the Last Three Years, Indonesia’s Trade Balance Surplus Consecutively

Indonesia3000: Indonesian Business Services Provider Posted on by

In the last three years, Indonesia’s trade balance has recorded an ever-increasing surplus. This shows that there is good trade performance for the country’s economy. Referring to data recently published by the Central Statistics Agency (BPS), Indonesia’s trade balance surplus in April 2023 increased from US$2.83 billion in March 2023 to US$3.94 billion. “Indonesia’s trade balance until April 2023 has experienced a surplus for 36 consecutive months since May 2020,” said BPS Deputy for Methodology and Statistical Information Imam Machdi in a press conference, Monday, quoted from Merdeka.com . The main thing that has increased the trade balance in April 2023 is the … Continue reading →

Indonesian Finance Minister receives US-ASEAN Business Council’s visit

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesian Finance Minister Sri Mulyani Indrawati received a visit from President and CEO of the US-ASEAN Business Council (US-ABC) Ambassador Ted Osius in Jakarta on Wednesday (May 24, 2023). “On the occasion, I heard out various aspirations they conveyed,” Minister Indrawati said in an official statement issued in Jakarta on Thursday. During the meeting, the minister also received a number of suggestions on topics ranging from the taxation policy, digital transactions, industry development, and investments in renewable energy, health, and education sectors. The minister and council members also discussed the focuses of Indonesia’s G20 presidency last year and its ASEAN (Association of Southeast … Continue reading →

New Capital Authority to Develop One-Stop-Shop for Investors

Indonesia3000: Indonesian Business Services Provider Posted on by

President Joko Widodo has directed that an integrated one-stop-shop system be developed to support investors participating in Nusantara city’s development, according to the Nusantara Capital Authority (OIKN). OIKN Head Bambang Susantono said the one-stop-shop system must be developed to accelerate the processing of permits for the new capital’s development and to ensure that it is consistent with on-site conditions and prevailing laws. “It has been decided that (to address) investment issues, we have been asked to set up a one-stop shop system where other ministries and institutions will be included there,” Susantono informed at a press conference at the Presidential Palace Complex … Continue reading →

Even though the Global Economy is Slowing Down, Indonesia’s Economic Growth Remains Strong

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia’s economic growth remains strong amidst a global economic slowdown. In a press release from Bank Indonesia (BI), as referring to the Central Bureau of Statistics (BPS) data, Indonesia’s economic growth in the first quarter of 2023 was recorded at 5.03% (yoy), a slight increase compared to growth in the previous quarter of 5.01% (yoy). ). Looking ahead, economic growth in 2023 is expected to remain strong at the upper limit of the 4.5-5.3% range, driven by improving domestic demand and continued positive export performance. Economic growth that remained strong was supported by all components of GDP. Exports continued to grow high … Continue reading →

Indonesian Finance Minister and South Korean Minister Discuss Economic Developments

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati met with Deputy Prime Minister and Economy and Finance Minister of the Republic of Korea, Choo Kyung-ho, in South Korea to discuss recent economic developments in the two countries. The meeting took place on May 3, 2023. “We agree that the two countries can work together in building stronger bilateral trade and investment activities to support the economic recovery of each country,” Indrawati said in a post on her official Instagram account @smindrawati on Thursday (May 4). During the meeting, she also sought South Korea’s views on Indonesia’s chairmanship of the 2023 ASEAN in … Continue reading →

3 Days in Germany, RI Pocketed 27 Business Deals Worth Nearly IDR 28 Trillion

Indonesia3000: Indonesian Business Services Provider Posted on by

After visiting Germany for three days, Indonesian President Joko Widodo (Jokowi) managed to secure 27 business deals with an investment value of US$1.98 billion or Rp.27.9 trillion. This good news was stated directly by the Coordinating Minister for the Economy Airlangga Hartarto when opening the Indonesian Pavilion at Hannover Messe. Of the total cooperation that was successfully bagged, 1 of them was in the form of intergovernmental agreements (Government to Government/G2G), 4 agreements between the government and business actors (G2B), while 22 others were agreements between companies (B2B). According to Airlangga, this cooperation can absorb up to 18,000 workers. In this biggest … Continue reading →

Foreign Capital of IDR 4.23 Trillion Enters Indonesia in the First Week of April

Indonesia3000: Indonesian Business Services Provider Posted on by

Bank Indonesia (BI) reported that non-resident foreign capital inflows into the domestic financial market amounted to IDR 4.23 trillion, according to transaction data April 3-5 2023. Erwin Haryono, as the Executive Director of the BI Communication Department explained, the nominal was obtained based on the accumulation of sales of Government Securities (SBN) worth Rp. 2.13 trillion plus a net purchase of Rp. 2.10 trillion on the stock market. “During 2023, based on settlement data up to April 5, 2023, non-residents bought IDR 59.00 trillion net on the SBN market and IDR 4.65 trillion net bought on the stock market,” said Erwin in … Continue reading →