Daily Archives: January 10, 2023

Indonesia Records Back-to-Back Trade Surplus of $5.2 Billion

Indonesia Reaches New Heights With Its Trade Surplus Recording a staggering surplus of US$5.16 billion last November, Indonesia has reached 31 consecutive months of trade surplus. With the value of exports exceeding the imports, Indonesia’s trade surplus has grown since May 2020. There is a stark difference in balance that has exceeded expectations. The exports…

Indonesia to Offer Subsidy for EV Buyers

Subsidy for EV Buyers to Be Given by the Government The Indonesian Government is taking massive steps to encourage its citizens to purchase electric vehicles (EVs). According to the Industry Minister, buyers will receive a subsidy to purchase EVs, such as electric motorbikes and hybrid cars from locally-made factories. Indonesia plans to allocate subsidies for…