Tag Archives: indonesiaeconomic

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 →

Digital economy expected to continue to improve: Minister Hartarto

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Jakarta (ANTARA) – Indonesia’s digital economy is projected to continue to grow due to the high Internet penetration rate of around 78 percent and the country’s large population, according to Coordinating Minister for Economic Affairs, Airlangga Hartarto. “In 2022, 40 percent of the world’s total digital transactions were made from Indonesia, namely US$77 billion. With the majority of the population entering the productive age, Indonesia’s digital economy will continue to grow,” he said on Wednesday. Hartarto made the statement virtually at the launch of the East Ventures Digital Competitiveness Index (EV-DCI) 2023: Digital Justice for All Indonesian People report in Jakarta. According … 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 →

Indonesia Strengthens Digital Economic Cooperation with Singapore

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Jakarta (ANTARA) – Coordinating Economic Affairs Minister Airlangga Hartarto has met with Senior Minister and Coordinating Minister for National Security of Singapore, Teo Chee Hean, in Jakarta to discuss strengthening digital economic cooperation between the two countries. Indonesia and Singapore agreed to strengthen cooperation in the digital economy, especially for the development of human resources, through the Tech Talents Program. Hartarto said that development of the quality of human resources is a supporting factor in increasing a country’s competitive capabilities. “The Tech Talents program that is being discussed by the two countries can be developed for mutual benefit for young … 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 →

Confident of West Java’s positive economic growth in 2023: Bank Indonesia

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Bandung, West Java (ANTARA) – Bank Indonesia (BI) stated that it is optimistic that West Java will record positive economic growth this year on the back of improving household consumption, investment, and financial sector performance. This optimism is based on the province’s economic growth in 2022, which showed a positive growth of 5.45 percent and exceeded national economic growth of 5.31 percent, head of BI’s West Java Representative Office, Erwin Gunawan Hutapea, informed. “That West Java’s economic growth is supported by positive performance of household consumption owing to relaxed restrictions on community activities, supported by export and investment performance,” he … Continue reading →

Expect inflation decline, improved recovery in second half: Minister

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A decline in inflation, a stable and cheaper price trend, and improved recovery are expected in the second half of this year, Finance Minister Sri Mulyani Indrawati has said. “This sparks new hope that in 2023, at least in the second half, we will see a much more positive combination of reduced inflation and better recovery,” the minister said at the “Mandiri Investment Forum 2023” here on Wednesday. This would be the result of easing of pressure factors stemming from policy response, such as monetary restrictions and a decline in the ever-growing interest rate imposed by monetary authorities. Some countries … Continue reading →

Goldman Sachs: In 2075, Indonesia will become the world’s largest economic country, overtaking Japan

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Goldman Sachs, a multinational investment bank and financial services company headquartered in New York, has been known for the last two decades to provide long-term growth forecasts for countries in the world. Now the Goldman Sachs economists led by Jan Hatzius have expanded their projections to 104 countries in the world half a century from now. They projected several points about the world economy in 2075. One of the points is quite surprising, especially for Indonesia. Here are some of their projections: Global economic growth is predicted to average below 3% per year, down from the projected 3.6% in the decade before the … Continue reading →

List of 13 Unicorns in Indonesia. Anything About?

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Even though there are currently many waves of Termination of Employment (PHK), the development of startup companies in Indonesia is still showing an increase. Not a few of these companies have entered unicorn status , aka startups , with a valuation of US$ 1 billion (Rp 14.3 trillion). Then, what are the unicorn startups ? 1. Gojek You could say that Gojek is the first Indonesian startup to achieve unicorn status. This startup , which has been established since 2010, has received support from various large companies, from Telkomsel to Amazon and Google. Currently, Gojek has become a public company and has merged with another unicorn , Tokopedia. 2. Tokopedia Founded one year earlier than Gojek, Tokopedia experienced … 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 →