Indonesia’s trade surplus narrowed in January as prices of key commodity exports including coal and natural gas declined during the month. The country recorded a trade surplus of $3.87 billion, narrowing slightly from $3.89 billion a month ago. Analysts polled by The Wall Street Journal tipped for a $3.27 billion surplus. Indonesia recorded trade surpluses […]
Read MoreBandung, 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 […]
Read MoreThe Malaysian economy closed 2022 on a strong note, with the fourth quarter GDP posting year-over-year growth of 7 percent. Growth for the entire year was 8.7 percent. Indonesia’s economy grew more slowly at 5.3 percent, but it was still the fastest rate in nine years. Coming on the heels of similarly robust economic growth in the Philippines, 2023 […]
Read MoreJakarta. Indonesia’s 2022 economic growth is beating most G20 countries, but is still far behind the world’s largest oil exporter Saudi Arabia, according to Chief Economic Minister Airlangga Hartarto. Government data showed that Indonesia’s economy climbed 5.31 percent in 2022. G20 nations such as the UK, the US, and Japan only saw 4.1 percent, 2.1 percent, and […]
Read MoreTEMPO.CO, Jakarta – Head of the National Planning Agency (Bappenas) Suharso Monoarfa acknowledged that high economic growth did not significantly lower the poverty rate. According to him, this was because of disruptions in the economy. The reduction in the poverty rate, he argued, was not substantial considering job creation was also not linear with economic growth. This occurred due to […]
Read MoreCNA – Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior Cabinet Minister Luhut Pandjaitan said on his official Instagram account. Palm oil exporters had accumulated large shipment quotas from last year and they now had little incentives to supply the […]
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