ON BUSINESS

#ECONOMY

Five Provinces Gets Gov’t Attention for Rising Inflation

The annual inflation was recorded at 4.94 percent in July as people can still buy subsidized gasoline Pertalite at half a dollar a liter.

18 August 2022 | 10:21 PM

#COMMODITY

Jokowi Says 19x Increase in Steel Exports Justifies More Downstream Projects

Steel exports increased to Rp 306 trillion in 2021, more than 19 times higher than Rp 16 trillion in 2014.

16 August 2022 | 02:28 PM

#TRADE

Indonesia Posts Trade Surplus in 27th Consecutive Month

This marks the 27th consecutive month that Indonesia booked a trade surplus, but the country should watch out for China-Taiwan tension.

15 August 2022 | 05:21 PM

#POLICY

Gov’t Mulls Fuel Price Hikes as Energy Subsidies Set to Top $34b

Indonesian vehicle owners can buy subsidized gasoline product at half a dollar per liter.

13 August 2022 | 11:08 AM

#ENERGY & MINERALS

Fuel Subsidy Could Explode Beyond Gov’t Ability

The government has spent Rp 116 trillion [$7.9 billion] in energy subsidies during the first seven months of the year.

11 August 2022 | 03:15 AM

#ECONOMY

Kalimantan’s Biggest Container Terminal Begins Operations

Built at the cost of $195 million, the new terminal in the district of Mempawah has a capacity of 500,000 twenty-foot equivalent units.

09 August 2022 | 05:12 PM

#MANUFACTURING

Dirgantara Indonesia Inks $150m MRO Contract for C-130 Planes

Under the agreement, Dirgantara will be responsible for overall MRO support and ensuring the readiness of C-130 planes.

05 August 2022 | 06:25 PM

#ECONOMY

EU Ban on Russian Coal Drives Growth in Indonesian Mining Sector

Europe's decision to ban Russian coal has driven the foreign demand for the black rock and consequently expanded Indonesia's mining sector.

05 August 2022 | 04:44 PM

#ECONOMY

Indonesia's Economy Expands 5.44% in 2nd Quarter, Exceeding Expectation

Windfall revenue from commodity exports and strong consumption during the Islamic festive season drive the growth.

05 August 2022 | 12:35 PM

#ECONOMY

Jokowi Brings Back $11.9b in Investments from Japan, S. Korea

Japan and South Korea have been Indonesia's major sources of foreign direct investments in the past few years.

29 July 2022 | 11:01 AM