TEMPO.CO, Jakarta – Central Bureau of Statistics (BPS) notes that the year-on-year inflation rate in the June 2023 period had decreased to 3.52 percent. This marks the lowest rate it has ever reached since April 2022. “June inflation reached 3.52 percent, lower than April 2022 at 4.35 percent and kept showing a downward trend since March 2023,” Pudji Ismartini, Deputy […]
Read MoreLIQUEFIED natural gas (LNG) from Indonesia made up less than 1 per cent of Singapore’s annual natural gas imports on average between 2020 and 2022, Minister for Trade and Industry Gan Kim Yong said in a written parliamentary reply on Monday (Jul 3). He was responding to Bishan-Toa Payoh GRC Member of Parliament Saktiandi Supaat, […]
Read MoreA strong post-pandemic rebound has pushed Indonesia back into the upper-middle income band of countries, according to the World Bank, putting it back on track to pursue its high-income status goal. Indonesia reclaimed the rank this year as gross national income per capita climbed to $4,580, based on the bank’s latest classifications. It’s an improvement from the […]
Read MoreJakarta (ANTARA) – Indonesia’s marine economy has a lot of room to grow and the country could become a high-income country in the next few years, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan has said. According to Pandjaitan, in 2045, the contribution of the marine sector to the national economy would rise by […]
Read MoreJakarta. Indonesia’s foreign direct investment (FDI) could go up to 1.4 percent of its gross domestic product, or GDP, in 2025, according to a recent report by the World Bank. The World Bank attributed this uptick to the job creation law and the government’s industrial downstreaming strategy of processing raw minerals at home for greater added value. […]
Read MoreJakarta. The World Bank has maintained its projection for Indonesia’s economic growth to reach 4.9 percent in 2023 while expecting an uptick in growth over the medium term, the multinational lender announced Monday. The country witnessed a significant economic growth of 5.3 percent in 2022, which the World Bank attributed to pent-up demand from the Covid-19 pandemic. This marked a […]
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