Indonesia has recorded a trade deficit of US$63 million in July on the back of weak commodity prices that has affected its export value, according to Statistic Indonesia (BPS) data released on Thursday. The figure is a reversal from a June trade surplus of around $300 million. The country’s balance of trade has maintained a negative trend overall from January to July with a deficit of […]
Read MoreEuropean businesses operating in Indonesia have become increasingly concerned about security risks in the country, a recent joint survey by European business chambers has revealed. The survey was compiled in the 2019 Business Confidence Index, which concludes that 60 per cent of the respondents are still upbeat about Indonesia’s business momentum. Beyond the usual issues […]
Read MoreHigher investments are essential for maintaining Indonesia’s stable annual economic growth, Finance Minister Sri Mulyani Indrawati says. “We have to make sure that growth can be spurred from investment, the fundamental factor for Indonesia to be able to maintain its growth momentum of above 5 percent without incurring vulnerabilities amid a very volatile global environment,” […]
Read More[JAKARTA] Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) industry in the country, looking to leverage its wealth of essential metals. The key to the EV industry was in the construction of batteries, and the “raw materials to make a battery: cobalt, manganese and others, we […]
Read More[JAKARTA] Indonesia’s central bank may be able to cut its benchmark interest rate again if financial markets stabilise, a senior bank official said on Thursday, adding that recent turbulence due to fears of a currency war should be temporary. “If we look at the turmoil in the past two days, the rupiah is already improving […]
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