Tag Archives: investment

Indonesia Posts $4.7 Billion State Budget Surplus As of April

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Indonesia has recorded a state budget surplus of Rp 75.7 trillion ($4.7 billion) or about 0.33 percent of Indonesia’s gross domestic product as of April 30. Finance Minister Sri Mulyani also reported that the country’s primary balance saw a Rp 237.1 trillion surplus. “Our state budget and primary balance are still in a surplus. Our state budget is mainly influenced by today’s global conditions,” Sri Mulyani told a press briefing in Jakarta on Monday. Indonesia posted Rp 924.9 trillion in state revenue, about 33 percent of the targeted Rp 2,802.3 trillion. However, the overall state revenue saw a 7.6 percent … Continue reading →

Yadea Builds Electric Motor Factory in Karawang Rp. 2.4 Trillion, Largest in ASEAN

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The best electric motorbike manufacturer from China, PT Yadea Teknologi Indonesia, is building its eighth production facility in the Surya Cipta area, Ciampel District, Karawang, West Java. The Yadea Manufacturing Plant project will require an investment of 150 million US dollars or the equivalent of IDR 2.4 trillion from this year to 2028. Yadea claims that the factory in Karawang will be their largest factory in Southeast Asia with a production capacity of 3 million units per year and standing on an area of ​​27 hectares. The facility is scheduled to operate in 2026. “Demand for high-quality electric two-wheeled vehicles … Continue reading →

CPO, Coal, and Durian Constitute Largest Exports to China: Kadin

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The Indonesian Chamber of Commerce and Industry (Kadin) stated that crude palm oil (CPO), coal, and durian are the top commodities exported to China. “They are the largest commodities exported to China. First is still CPO and the second is minerals, which is the coal,” Kadin’s Deputy Chairman for Trade Juan Permata Adoe remarked here on Friday. Adoe noted that in terms of the export of Indonesia’s food and horticultural commodities, durian fruit is the most popular. He revealed that China has plans to invest in Indonesia’s downstream industry. “In addition, China is willing to invest in rice farming with … Continue reading →

Indonesia’s Trade Balance Records $4.47 Billion Surplus in March 2024

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Indonesia’s trade balance recorded a surplus of $4.47 billion in March 2024, up from $3.64 billion in February 2024. This marked a significant increase from March 2023, which stood at $1.65 billion. This marks the 47th consecutive month of surplus. In March 2024, exports reached $22.43 billion, marking a 16.4 percent increase from February 2024. However, this indicated a 4.19 percent contraction compared to March 2023. Meanwhile, imports in March 2024 totaled $17.96 billion, reflecting a 2.6 percent decrease from February 2024 and a 12.76 percent decrease from February 2023. “The Indonesian trade balance has recorded a surplus for 47 … Continue reading →

Indonesian Coffee Dominates the Egyptian Market, Exports Reach IDR 1.46 Trillion

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Indonesian coffee products have succeeded in dominating the Egyptian and North African markets. In 2023, Indonesia will become the largest coffee exporter to Egypt from all over the world with an export value of 92.96 million or the equivalent of IDR 1.46 trillion. This amount controls 42.69 percent of the coffee market share in Egypt. “This indicates that Indonesian coffee products are loved by consumers in Egypt. “The distinctive aroma and taste are the main factors in attracting the interest of Egyptian consumers,” said the Indonesian Ambassador to Egypt Lutfi Rauf in a written statement in Damanhour, Beheira, Egypt, Tuesday … Continue reading →

New capital groundbreaking Phase 5 worth Rp49.6 trillion of investment

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The fifth phase of groundbreaking in the new capital city (IKN) Nusantara took place to commence the development of projects worth Rp49.6 trillion (US$3.17 billion) of investment in total, the Nusantara Capital Authority (OIKN) revealed. President Joko Widodo during an inspection on a construction work launched during the fifth phase of groundbreaking of IKN Nusantara in North Penajam Paser District, East Kalimantan Province. (ANTARA/Nyaman Bagus Purwaniawan) OIKN Deputy for Socio-cultural Affairs and People’s Empowerment, Alimuddin, noted that the fifth phase of groundbreaking in Nusantara that took place on February 29 and March 1 serves as a testament to the continued … Continue reading →

Indonesia Aims for 5.6 Percent Economic Growth in 2025

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President Joko “Jokowi” Widodo is targeting economic growth to range between 5.3 percent and 5.6 percent in 2025, surpassing the 5.05 percent recorded in 2023 and the 5.2 percent target for this year. In comparison, the International Monetary Fund (IMF) forecasts Indonesia to achieve a growth rate of 5 percent for the current year and the following year. Meanwhile, the World Bank predicts a decrease in growth for both 2024 and 2025, with the growth rate projected to be 4.9 percent in each of those years. Additionally, the government is also aiming for a reduction in the poverty rate from … Continue reading →

Manufacturing Investment Trend Continues to Grow for 10 Years, Reaching IDR 3000 Trillion

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Indonesia remains the main focus of global investors who want to expand their business in the industrial sector. This increase in investment realization is also inseparable from the support of strategic policies that support business, including ease of granting permits and incentive facilities. In the period 2014-2023, investment realized in the non-oil and gas processing industry sector showed fluctuations with an increasing trend. As mentioned by the Minister of Industry, Agus Gumiwang Kartasasmita, investors still see Indonesia as a very attractive and profitable location for their business. When comparing conditions in 2014 with 2023, there is a significant jump in the investment … Continue reading →

Electric Cars are Future of Indonesia’s Automotive Industry: Jokowi

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President Joko Widodo (Jokowi) underscored that electric vehicles are the future of Indonesia’s automotive industry, as the country has supplies of raw materials for production. President Joko Widodo (Jokowi) at the booth of Vietnam-based automotive company, VinFast, at the 2024 Indonesia International Motor Show (IIMS) automotive exhibition held at the Jakarta International Expo, Jakarta, on Thursday (February 15, 2024). ANTARA/Andi Firdaus The president made the statement after opening and monitoring the 2024 Indonesia International Motor Show (IIMS) automotive exhibition held at the Jakarta International Expo, Jakarta, on Thursday. “I think the future of Indonesia’s automotive (industry) is in electric cars … Continue reading →

Indonesia Relaxes Golden Visa Requirements for New Capital Investors

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Indonesia recently announced that they would relax the golden visa requirements for investors who are investing in the new capital project Nusantara. According to immigration director general Silmy Karim, foreign companies who invest at least $5 million are now already eligible for a five-year stay permit — much lower than the previous minimum requirement of $25 million. The government has also lowered the requirement for the 10-year stay permit from $50 million to $10 million. Foreign companies who set up their branch offices or subsidiaries in the new capital Nusantara Are exempt from turnover (sales value) requirements at their parent … Continue reading →