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Impact of Global Economic Slowdown: Indonesia's Export Value in August 2023 Drops Drastically

18:28, 18 Sep 2023

The Ministry of Finance (MoF) has revealed that the Indonesian economy is starting to feel the impact of declining commodity prices and global economic slowdown. This is evident from a significant decrease in the value of Indonesia's exports. According to data from the Central

Kadin: Speed of Delivery Must Match the National Logistics Strengthening Target

08:17, 18 Sep 2023

The Indonesian Chamber of Commerce and Industry (Kadin) has emphasized that the government's target to strengthen the national logistics system, a part of the Indonesia Emas 2045 vision, must be accompanied by a swift delivery ecosystem. Erwin Raza, Deputy Head of Logistics and Supp

The Government's Inconsistency in Dealing with TikTok Shop

17:18, 17 Sep 2023

The government, represented by the Ministry of Trade (MoT), has plans to prohibit social media platforms like TikTok from offering e-commerce services within the same application. The rationale behind this move is to safeguard domestic industries from fierce competition with imported products. &n

Indonesia Achieves 40 Consecutive Months of Trade Surplus

18:27, 16 Sep 2023

Indonesia's trade balance has once again recorded a surplus in August 2023. The Central Statistics Agency (BPS) reported that Indonesia's trade surplus in August 2023 amounted to $3.12 billion. This figure represents an increase when compared to the trade surplus in the previous mo

Minister of National Development Planning: Cost of Inter-Regional Goods Shipping Higher Than Exports

08:06, 16 Sep 2023

Suharso Monoarfa, the Minister of National Development Planning (PPN) and Head of the National Development Planning Agency (Bappenas), has revealed that the cost of shipping goods between regions in Indonesia is now significantly higher than the cost of exporting goods abroad. He made this statement

Rupiah Mutilation Raises Concerns: Bank Indonesia (BI) Emphasizes Non-Exchangeability

18:36, 15 Sep 2023

The current practice of rupiah mutilation is causing concerns among the public. This is because this practice mixes genuine currency with counterfeit money, which can deceive people. The practice of rupiah mutilation is increasingly detrimental to the public because this money cannot be

Indonesia to Launch Its Own Electric Car Brand in 2025

07:09, 15 Sep 2023

Indonesia's Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan announced on Thursday that Indonesia will launch its own electric car brand in 2025 or 2026 at the latest. Pandjaitan said the plan had the support of President Joko Widodo. To make it a re

Minister of Energy and Mineral Resources Rejects Industrial Gas Price Hike

17:29, 14 Sep 2023

Minister of Energy and Mineral Resources, Arifin Tasrif, has expressed his opposition to PT Perusahaan Gas Negara's (PGN) plan to adjust the prices of commercial industrial gas. The Minister of Energy and Mineral Resources has urged the state-owned enterprise to refrain from increasing prices du

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