Tag Archives: indonesia

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

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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

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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 →

Indonesian Finance Minister and South Korean Minister Discuss Economic Developments

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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

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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

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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 →

Indonesia’s Manufacturing Sector Continues to Expand, Industry Players Optimistic

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The performance of the non-oil and gas processing industry sector in Indonesia was still maintained stably in the middle of the first quarter of this year. The news provides optimism and motivation to achieve better results in the future. Sourced from Indonesia.go.id, in the S&P Global report in early March 2023, they released the Indonesian Manufacturing Purchasing Managers’ Index (PMI). The report shows that Indonesia’s Manufacturing PMI remains at 51.2, indicating expansion in February. Indonesia’s manufacturing PMI results in the second month of this year also show that Indonesia’s manufacturing sector remains strong and has been able to sustain its 18th consecutive … Continue reading →

Export-Import Positive, RI Trade Balance January 2023 Surplus Nearly IDR 4 Billion Dollars

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Indonesia’s export-import sector is still showing quite good growth by maintaining a surplus for 33 consecutive months. In January 2023, the trade balance recorded a surplus of IDR 3.87 billion US dollars. Import performance was reported to have grown by 1.27 percent yoy with a total of IDR 18.44 billion US dollars. Among these incomes, consumer goods contributed a positive growth of 1.09 percent yoy, then capital goods 5.66 percent yoy, and auxiliary raw materials 0.41 percent yoy. Commodities that dominated imports during this period included machinery, electrical equipment and their parts, and other main commodities. The United States, the Philippines and … Continue reading →

Officially Opening the 2022 Investment National Coordination Meeting, President Jokowi Emphasizes the Importance of Maintaining Investor Confidence

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The Ministry of Investment/Investment Coordinating Board (BKPM) again held the 2022 Investment National Coordination Meeting (Rakornas) with the theme Downstream and Partnership for Equitable Investment in Jakarta, this morning (30/11). The 2022 Investment National Coordination Meeting was officially opened by President Joko Widodo accompanied by the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan, Minister of Finance Sri Mulyani, Minister of Cabinet Secretary Pramono Agung, Minister of Home Affairs Tito Karnavian, Minister of State Apparatus Empowerment and Bureaucratic Reform (PANRB) Abdullah Azwar Anas and Minister of Energy and … Continue reading →