Antara, Jakarta – The Indonesian government is aiming to reduce logistics costs from 14.29 percent to 8 percent of the Gross Domestic Product (GDP) to encourage more efficient and compe

Mita Amalia Hapsari, Jakarta – In a recent meeting at the Presidential Palace in Jakarta, Anna Bjerde, Managing Director of Operations at The World Bank, lauded Indonesia's impressive e

Jakarta – Indonesia will provide longer tax exemptions and other fiscal and non-fiscal benefits to investors in its special economic zones (SEZs), a senior government official has confi

Alfida Rizky Febrianna, Jakarta – The Financial Services Authority or OJK's plans to raise the online loan limit to Rp 10 billion ($617,549) is expected to be helpful for new businesses

Arnoldus Kristianus, Jakarta – The government is set to inaugurate four new Special Economic Zones (SEZ) with a total investment of Rp 161 trillion ($10 billion) in Batam, Sulawesi, and

Divya Karyza, Jakarta – The government has reaffirmed BYD's plan to build an electric vehicle (EV) factory in Indonesia after the Chinese automaker completed building its first Southeas

Tim Tempo, Jakarta – President-elect Prabowo Subianto expressed optimism about achieving 8% economic growth, even placing a friendly bet with ministers from neighboring countries on his

Jayanty Nada Shofa, Jakarta – Investment Minister Bahlil Lahadalia recently denied claims of China having a monopoly on foreign investments in Indonesia.

Annisa Febiola, Jakarta – Minister of Investment Bahlil Lahadalia said Indonesia's economic growth in 2023 was one of the best in the world, supported by a strong investment rate.

Ikhsan Reliubun, Jakarta – A senior economist from the University of Indonesia (UI) Faisal Basri said he's skeptical that the global ultrarich would deposit their funds in Indonesia, in

Jayanty Nada Shofa, Jakarta – Bank Indonesia revealed Monday that consumers were still quite upbeat about the country's overall economic conditions as of June, but data showed that Indo

Aditya Hadi, Jakarta – Indonesia saw its manufacturing purchasing managers' index (PMI) drop to a 13-month low in June as companies recorded a slower growth rate for both new orders and

Nandito Putra, Jakarta – The Center for Strategic and International Studies (CSIS) said that Indonesia still has some problems in pursuing sustainable trade and investment.

Arnoldus Kristianus, Jakarta – Indonesia's annual inflation rate slows to 2.51 percent in June 2024, driven mainly by decreases in food, beverages, and tobacco prices, the Central Stati

Wahyudi Soeriaatmadja, Jakarta – Indonesia's start-ups are struggling to compete against their cash-rich foreign rivals, with the nation's two largest unicorns GoTo and Bukalapak seeing

Aditya Hadi, Jakarta – Indonesia has a bigger revenue gap between small and big firms than other emerging markets, such as India, Mexico, the Philippines and Turkey, according to a Worl

Jayanty Nada Shofa, Jakarta – The Indonesia Investment Authority (INA), the country's sovereign wealth fund, announced Friday that it had recently signed a partnership deal with the Aus

Jayanty Nada Shofa, Jakarta – Chief Investment Minister Luhut Binsar Pandjaitan recently said that a Chinese textile giant would build a factory in Indonesia.

Jayanty Nada Shofa, Jakarta – Companies tend to spend the most money when doing business in Indonesia compared to other ASEAN-5 countries, according to the Indonesian Employers Associat

Jayanty Nada Shofa, Jakarta – President-Elect Prabowo Subianto wants Indonesia to achieve growth beyond 7 percent, but economic think-tank Indef is skeptical about this target as histor

Jakarta – Indonesia's economy is expected to steadily grow over the next two years on the back of domestic consumption and investment despite weak exports, a World Bank report said Mond

Amy Sood – Indonesia faces significant hurdles to realise its aim of becoming a major semiconductor player alongside Malaysia and Singapore as it does not have a coherent strategy to de

Vinnilya, Jakarta – East Java should continue to boost both its manufacturing and agricultural sectors to unlock economic growth, according to its former vice governor Emil Dardak.

Jayanty Nada Shofa, Jakarta – Indonesia is aiming to increase its gross national income (GNI) per capita beyond $5,500 in 2025 as the country wants to escape the middle-income trap, acc

Faisal Maliki Baskoro, Jakarta – Indonesia has advanced to the 27th position in the 2024 IMD World Competitiveness Ranking (WCR), a significant improvement from 34th place in 2023.

Antara, Jakarta – Economist Gunawan Benjamin said recently that the Kualanamu International Airport could provide a major impetus to North Sumatra's economic growth.

Ikhsan Reliubun, Jakarta – Deputy Chairman of the Indonesian Hotels and Restaurants Association or PHRI in Bali, I Gusti Ngurah Rai Suryawijaya, urged the local government to carry out

Antara, Jakarta – The Industry Ministry has reached an agreement with four Chinese electric vehicle (EV) manufacturers – Neta, Wuling, Chery, and Sokon – to establish Indonesia as a hub

Aditya Hadi, Jakarta – During Singapore's data center moratorium from 2019 to 2022, Johor State in Malaysia increased its data center capacity from 10 megawatts to 1.3 gigawatts.

Jakarta – The industry minister did not need to feel threatened when other ministers in President Joko "Jokowi" Widodo's cabinet recently suggested the abolition of a policy that requir

Jayanty Nada Shofa, Jakarta – Indonesian consumers remained optimistic about the country's economic conditions in May, but they have grown less confident compared to the previous month,

Linda Yulisman, Jakarta – For many shoppers, the prices are hard to resist.

Arnoldus Kristianus, Vinnilya, Jakarta – The Central Statistics Agency (BPS) reported a deflation of 0.03 percent in May 2024, marking the first deflation since August 2023.

Deni Ghifari, Jakarta – Alocal company belonging to a Chinese conglomerate is to build a cement factory in South Aceh regency, despite a nationwide moratorium in place since 2020.

Jakarta – The Job Creation Law adopts a so-called "trust but verify" approach when it comes to the issuance of business permits, according to the policy's task force.

Antara, Grace Gandhi, Jakarta – CEO of Tesla, Elon Musk, has not yet invested in Indonesia due to China's oversupply of electric vehicles (EVs), revealed Indonesian Coordinating Ministe

Vinnilya, Badung – Public Works and Housing Minister Basuki Hadimuljono highlighted several key accomplishments from the 10th World Water Forum (WWF), including the ministerial declarat

Jakarta – President Joko "Jokowi" Widodo has asked Elon Musk to expand his investment in Indonesia after the tech tycoon launched his Starlink satellite internet service for the nation'

Yohana Belinda, Jakarta – Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has pitched Bali as an alternative hub for wealthy individuals of the region from where

Arnoldus Kristianus, Jakarta – The government aims to achieve economic growth between 5.1 percent and 5.5 percent in 2025, focusing on sustainable inflation, the development of the elec

Jayanty Nada Shofa, Jakarta – President-elect Prabowo Subianto recently said that he was confident in achieving 8 percent economic growth within the first two or three years of his pres

Deni Ghifari, Jakarta – Preliminary data from Bank Indonesia (BI) point to just a slight rise in retail sales last month even as consumer confidence jumped by a respectable margin.

Grace Sihombing and Faris Mokhtar – Indonesia's President-elect Prabowo Subianto is setting his sights on becoming the world's fastest-growing economy early in his term, with more aggre

Hariz Baharudin, Jakarta – More Singapore companies are seeking help to enter and grow their business in Indonesia, attracted by the large market size and up-and-coming sectors in South

Jakarta – Once again, our economic momentum has been saved by private consumption, as the country's latest GDP report shows.

Faris Mokhtar – In mid-April, executives from foreign business chambers descended upon the home of an Indonesian minister to call for the removal of a new imports rule, a sign of the pr

Vinnilya, Jakarta – Despite Indonesia's robust economic growth, Chief Economist at Mirae Asset Sekuritas, Rully Arya Wisnubroto, cautioned the government about the declining trend in co

Jakarta – The recent visits of the CEOs of Apple and Microsoft to Indonesia are highly encouraging for the country's business climate and have strengthened its reputation as a thriving

Annisa Febiola, Riri Rahayu, Majalah Tempo, Jakarta – Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan disclosed the latest updates on

Deni Ghifari, Jakarta – Buoyed by elevated domestic consumption during the Islamic festive season and the presidential election, Indonesia's economy again exceeded market expectations a