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Indonesia Exports and Imports Soar in the First Quarter of 2022 Rising worldwide commodity prices push Indonesia exports to surge. Trade is surging and riding high in Indonesia as commodity prices continue to increase globally. This is due to the world transitioning towards a post-pandemic phase as well as the Russia-Ukraine war. As a result,…
More Destinations Enter the Quarantine-Free Indonesian Travel List Eligible travellers can enter Bintan and Batam without quarantine for more Indonesian travel. The islands of Bintan and Batam are opening their borders for foreign travellers to enjoy more Indonesian travel. Eligible visitors to these islands will not need to observe quarantine protocols. This new development adds…
Indonesia’s Ministry of Finance Projects Positive Export Performance Moving Forward Indonesia’s Ministry of Finance anticipates that export performance will continue to grow. Export performance is expected to remain strong in the future, aided by high demand and prices. US$19.16 Billion Export Increase in 2022 Exports increased by 25.31 percent year on year (US$19.16 billion)…
The Indonesian Local Gaming Industry Gets Industry Ministry Support Indonesian local gaming industry content value chain to benefit from Industry Ministry backing. The Indonesian local gaming industry is aiming at becoming more globally competitive. To this end, it will continue to garner the support of the Republic of Indonesia’s Industry Ministry. The Ministry hopes to…
Indonesian Annual Economic Growth Target Achievable by Mid-2021 A 7% Indonesian annual economic growth target is well within attainable scope. The second quarter of 2021 will see the Indonesian annual economic growth target reaching a predictive 7%. This is according to a recent statement from the Republic of Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan…
An Eight-fold Growth Potential for Indonesia’s Digital Economy Forecasts indicate Indonesia’s digital economy may reach Rp4,531 trillion by 2030. The Republic of Indonesia’s Ministry of Trade is confident that Indonesia’s digital economy will achieve its tremendous potential for expansion. As more people adopt digitalization of their everyday activities, e-commerce and the digital economy will continue…
Government Can Expedite Over 5% Economic Growth With Indonesia’s Manufacturing Industry Indonesia’s manufacturing industry has the capacity for higher economic growth with suitable policies and strategies in place. The Republic of Indonesia has the capacity and capability to increase its economic growth by more than 5%. According to the Centre of Reform on Economics (CORE),…
Manokwari Proposed as Second Strategic Tourism Area for West Papua West Papua province’s plans for tourism boost with a proposal of a second strategic tourism area. The West Papua Government is focusing on the huge potential for tourism offered by Manokwari, South Manokwari, and Arfak Highland. They are part of a master plan currently being…
Micro Waqf Bank Aims to Provide Opportunities for How Low-income People Do Business Low-income people do business better with financial literacy and freedom. The Republic of Indonesia’s Micro Waqf Bank scheme will positively impact how low-income people do business. Micro Waqf Banks aim to redress industry concerns that have hampered this group in their business…
Ministerial Induction of Merakes Gas Field Development Project Timely commencement of Merakes gas field development project as global oil prices show signs of recovery. The Merakes gas field development project was officially inaugurated by the Minister for Energy and Mineral Resources recently. The inauguration ceremony took place at the Jangkrik Floating Production Unit (FPU) in…