Daily Archives: January 16, 2023

Indonesia to Expand Exports to South Korea

New Agreement to Boost Indonesian Exports to South Korea Exports to South Korea to support strategic relations with Indonesia Indonesia and South Korea are forging a more robust economic partnership to commemorate their five decades of diplomatic ties. The Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) comes into force as of January 2023. It will mutually…

Indonesia Maintains Smaller Deficit in Its 2022 Budget

Indonesia Maintains Smaller Deficit in Its 2022 Budget With a GDP deficit of 2.38% (Rp 464.3 trillion or $29.7 billion), Indonesia successfully maintains a smaller deficit in its 2022 budget. This marks a remarkable drop of 40.1% compared to the country’s budget a year earlier. Back in 2020, during the COVID-19 pandemic, Indonesia’s deficit was…