Tag Archives: export

Indonesia Reports 40 Consecutive Months of Trade Surplus

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Indonesia has continued its streak of trade surpluses, marking the 40th consecutive month of surplus in August, despite a narrowing trend, according to a report from the Central Statistics Agency (BPS) released on Friday. The trade surplus for August reached $3.12 billion, with total exports amounting to $21.9 billion and imports at $18.8 billion. “Indonesia has maintained a trade surplus for 40 consecutive months,” Acting BPS Head Amalia Adininggar Widyasanti said during a news conference in Jakarta. For the first eight months of the year, the trade surplus amounted to $24.34 billion, a significant drop of $10.55 billion compared to … Continue reading →

Indonesia-Netherlands Agree on Cooperation in Various Sectors

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The Minister of Trade of the Republic of Indonesia, Zulkifli Hasan, attended a bilateral meeting attended by President Joko Widodo and the Prime Minister of the Netherlands, Mark Rutte, in New Delhi, India. The meeting which took place during the G20 Summit held in India on September 9 2023, the two countries discussed a number of important issues including the fields of development, economics, the process of registering Indonesia as a member of the Organization for Economic Co-operation and Development/OECD), as well as cooperation between ASEAN and the Netherlands. One of the main aspects discussed was cooperation in the energy … Continue reading →

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 →

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, 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 →