Category: indonesia

Amidst the global economic uncertainties and escalating geopolitical tensions, Indonesia’s financial sector remains robust, according to the recent report from the Financial Services Authority (OJK). The OJK Commissioner Board is optimistic about the financial sector’s ability to mitigate risks, attributing this resilience to strong capitalization, adequate liquidity, and a well-managed risk profile. Mahendra Siregar, Chairman…

Several National Strategic Projects (PSN) in Indonesia are making significant strides in their development, with some projects reaching substantial completion, even up to 90%. PT Waskita Karya (Persero) Tbk continues its efforts to complete various PSN, including six dams, nine toll roads, the irrigation modernization range project, the Regional Umbalan Jatim SPAM project, and the…

Indonesia has witnessed a significant surge in investment during the third quarter of 2023, reaching Rp374.4 trillion, marking a 7.0% increase from the previous quarter and a substantial 21.6% growth compared to the same period in 2022. Key Highlights: Indonesia’s investment landscape showcases resilience and continued focus on diversification, setting the stage for sustainable economic…

Energy serves as a catalyst for investment and new industries, fostering job creation and inclusive economic growth. In the midst of ongoing geopolitical tensions in Europe due to the Ukraine-Russia conflict and conflicts in the Middle East, global economic uncertainty prevails. The recent escalation between Hamas and Israel has further dimmed the prospects in the…

In the face of an extended dry season known as “Musim Gadu,” Indonesia’s Ministry of Agriculture (Kementan) assures the public of ample rice stocks. The 2023 rice balance reflects a surplus of 2.44 million tons, with expectations of an additional 1.5 million tons from the dry season planting before the grand harvest in 2024. However,…

At the 2023 Indonesian Village Tourism Awards (ADWI), a total of 14 participants received prestigious ADWI awards while simultaneously breaking records recognized by the Museum of Records Indonesia (MURI). The evening of the Indonesian Village Tourism Awards (ADWI) for 2023, held at Sasono Utomo, Taman Mini Indonesia Indah (TMII) on Sunday, August 27, 2023, was…

As the host of the 43rd ASEAN High-Level Conference (KTT) held from September 5 to 7, 2023, DKI Jakarta boasts a range of tourist destinations for delegates to explore. Beyond that, creative economic products like Jakarta’s street food are readily available and highly recommended for delegates to savor during the ASEAN KTT in Jakarta. The…

Indonesia is making significant strides toward becoming a more advanced nation, propelled by a rise in competitiveness on the global stage. As the world economy continues its recovery from the setbacks caused by the Covid-19 pandemic, Indonesia stands out for its acceleration in the expansion zone, particularly in the latter half of 2023. An indicator…

The Indonesian government continues its efforts to combat the increasingly sophisticated and prevalent digital financial crimes. The advancement of information technology has led to innovation and the growth of digital-based economies. This technological revolution has impacted Indonesia and nations worldwide. However, the rise of digital-based economies has not only brought positive impacts but also led…

In a move to boost economic and digital financial inclusion, Bank Indonesia has implemented a policy supporting the digitalization of micro-business payment systems through the QRIS (Quick Response Code Indonesian Standard). Transactions under Rp100,000 are exempt from QRIS tariffs, making digital transactions more accessible. Merchants across the country are adopting the QRIS standard, replacing cash…

The Indonesian government has reported the positive performance of the State Revenue and Expenditure Budget (APBN) until the end of July 2023. The report reveals that the APBN remains stable despite facing global economic uncertainties. Global economic uncertainties, including economic fluctuations and changes in global market conditions, have prompted the government to take strategic measures…

Indonesia’s economy is lauded for its resilience and growth amidst global economic uncertainties. The Rating and Investment Information Inc (R&I), a rating agency, has reaffirmed the Sovereign Credit Rating of the Republic of Indonesia at BBB+ (Investment Grade) with a stable outlook. This decision reflects Indonesia’s economic resilience amid global uncertainties, rapid fiscal consolidation, supported…

PT Balai Pustaka (Persero), a State-Owned Enterprise known for its publishing and book printing activities, is stepping into the creative industry by producing films, digital comics, and games. In line with the instructions of Minister of State-Owned Enterprises, Erick Thohir, to revive the literary works published by Balai Pustaka through films and digital media, the…

The Indonesian Air Force has taken significant steps to bolster its air defense capabilities by acquiring 12 Mirage 2000-5 fighter jets from the Qatar Air Force. This move comes as part of Indonesia’s ongoing efforts to upgrade its military forces, known as the Minimum Essential Force (MEF) initiative, to safeguard its vast archipelago. In addition…

Jakarta, July 20, 2023 | 13:40 WIB: In collaboration with the Ministry of Communication and Information Technology (Kemenkominfo), the Election Supervisory Board (Bawaslu), and the General Election Commission (KPU), the Corruption Eradication Commission (KPK) has launched a joint campaign called “Hajar Serangan Fajar” (Defeat the Dawn Attacks). This cultural approach aims to combat the practice…

Jakarta, May 10, 2023 – An examination of import volumes in Indonesia during the first five months of 2023 reveals significant changes compared to the corresponding period in 2022. The Ministry of Trade has provided data on both the migas (oil and gas) and non-migas (non-oil and gas) components, allowing for a comprehensive analysis presented…