Tag Archives: economy

Indonesia leading country in ASEAN food security: NFA

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Jakarta – Indonesia is a leading country in food security in the ASEAN region, Head of the National Food Agency (NFA) Arief Prasetyo Adi said at the ASEAN Business & Investment Summit (ABIS) here on Sunday. “We can be relied upon for the food sector in the ASEAN region,” Adi said. He said Indonesia has raised several issues that become concerns at the regional level, for instance, food security. The ABIS is a sideline event of Indonesia’s 2023 ASEAN Chairmanship’s ASEAN Business Advisory Council (ASEAN-BAC) and is currently hosted by the Indonesian Chamber of Commerce and Industry (Kadin) on September … Continue reading →

Indonesia’s Economy to Top 5 Percent in 2023: Central Bank

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Jakarta. Indonesia is forecast to see a robust economic growth of above 5 percent this year thanks to domestic consumption and investment, according to the country’s central bank. Indonesia’s economy rose 5.31 percent in 2022, quite a jump from the 3.7 percent growth that the current ASEAN chair had registered in the previous year. The country’s gross domestic product (GDP) will likely expand between 4.5 percent and 5.3 percent in 2023. GDP growth is expected to accelerate to 4.7 percent and 5.5 percent in 2024, Bank Indonesia data shows. “Indonesia is among the best-performing economies despite the global turbulence,” Bank Indonesia Governor Perry … Continue reading →

South Korea Working on Advertise for Jabodebek LRT, Investment of IDR 500 Billion

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PT Kereta Api Indonesia (KAI) seeks to optimize the Jabodebek LRT assets to become another source of income. Recently, PT KA Wisata—a subsidiary of KAI—which partners with PT Megabox Glovis or MBOX Media, was appointed to manage advertising for a number of Jabodebek LRT assets. Some of the parts that will be utilized include: the indoor and outdoor station buildings , the train body, and other properties. MBOX Media is a subsidiary of Hyundai Asset Management Co., Ltd. from South Korea. In this collaboration, MBOX Media will invest IDR 500 billion. This figure may still increase in line with the addition of several strategic projects related to the company’s business. … Continue reading →

Indonesia One of G20 Countries With Above-Five-Percent Growth: Jokowi

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President Joko Widodo (Jokowi) stated that Indonesia was among the three countries in G20 whose economic growth rate reached the figure above five percent, along with India and China. “Among G20 countries, only Indonesia, India, and China managed to reach the figure of more than five percent of economic growth,” he remarked while attending the 2023 national conference of Real Estate Indonesia (REI) in Jakarta on Wednesday. The G20 constitutes a multilateral forum comprising the European Union and 19 countries, with the contribution of 79 percent to global trade and 85 percent to the world’s economy. The president noted that … Continue reading →

Indonesia, Switzerland to Ratify Bilateral Investment Treaty This Year

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Jakarta. Foreign Minister Retno Marsudi on Wednesday met her Swiss counterpart Ignazio Cassis to pursue a speedy process in the ratification of a bilateral investment pact as soon as this year. After seven rounds of negotiations since 2018, Indonesia and Switzerland last year inked a bilateral investment treaty set to better protect Swiss businesses when investing in Indonesia and vice versa. In a joint press conference after her meeting with Cassis, Retno said that Switzerland was Indonesia’s second-largest European investor in 2021. “To further boost investment partnership, I underlined the importance of ensuring the bilateral investment treaty can be ratified within … Continue reading →