# economy

Gov’t to Issue Regulation Banning Social Media Platforms from Running E-Commerce

This regulation aims to safeguard Indonesia's MSMEs from unfair competition posed by tech giants operating in the country.
Tech 15 hours ago

France Backs Indonesia’s OECD Candidacy

President Joko “Jokowi” Widodo has been actively trying to get support from fellow leaders for Indonesia to be an OECD member.
Business Sep 22, 2023 | 12:50 pm

Indonesian Central Bank Retains Benchmark Rate at 5.75%

The benchmark rates for deposit facilities and lending facilities will also remain unchanged at 5 percent and 6.5 percent, respectively.
Business Sep 21, 2023 | 4:01 pm

State Budget Sees Rp 147 Trillion Surplus

In the first eight months of the year, state revenue reached Rp 1,821.9 trillion, which includes Rp 1,418.5 trillion in tax revenue.
Business Sep 20, 2023 | 10:06 pm

Livestream Shopping Influencers Take Toll on Tanah Abang Sellers

Tanah Abang Market traders reported a 50 percent drop in turnover as they struggled with the live-shopping-with-celebs trend.
Business Sep 20, 2023 | 12:37 pm

VP Tries to Lure Shanghai Businesses into Indonesia’s $135b Halal Industry

Vice President Ma'ruf Amin recently met with Shanghai Mayor Gong Zheng to discuss Indonesia's halal industry, among others.
Business Sep 20, 2023 | 9:52 am

Mercosur-Indonesia Trade Pact Talks Delayed as Bloc’s Deal with EU Stalls

Mercosur wishes to conclude its trade pact with the EU first before negotiating an agreement with Jakarta.
Business Sep 19, 2023 | 10:02 am

Jokowi Says Nickel Exports See17-Fold Increase Through Domestic Processing Initiative

Jokowi acknowledged that the downstream processing policy was met with resistance from long-time nickel importers like the EU.
Business Sep 16, 2023 | 6:37 pm

Indonesia Reports 40 Consecutive Months of Trade Surplus

China was the only major export destination whose share in Indonesia's exports increased compared to the previous year.
Business Sep 15, 2023 | 7:17 pm

SOEs' Market Valuation Reaches $143 Billion: Minister

Erick Thohir said SOEs have a combined capital of Rp 3,200 trillion and a market valuation of Rp 2,200 trillion.
Business Sep 14, 2023 | 3:25 pm

Regional Govt Also Key to Indonesia’s Top 5 Economy Dream: Tito

National and regional governments cannot work in silos if Indonesia wants to enter the top 5 global economies.
News Sep 13, 2023 | 4:16 pm

Indonesia Hints at Major Petrochemical Investor

Not much is known about the investor except for the fact that Indonesia's carbon storage capacity is what got the company hooked.
Business Sep 11, 2023 | 8:26 pm

Indonesia Seeks Support from France, Netherlands for OECD Membership

Jokowi said OECD membership can propel Indonesia closer to achieving developed nation status.
Business Sep 10, 2023 | 3:52 pm

Indonesia Introduces De-dollarization Task Force

The initiative is aimed at reducing the country's reliance on the US dollar in international transactions with partner countries.
Business Sep 5, 2023 | 11:18 pm

Not Election: Malaysian Investors Care More About Feasibility Study

Malaysian investors pay more attention to the feasibility study before investing in Indonesia.
Business Sep 2, 2023 | 7:29 pm

Islamic Finance Assets in Indonesia Reach $160.6b: OJK

Islamic finance assets market share stood at 10.8 percent of the entire financial landscape, according to OJK chairman Mahendra Siregar.
Business Aug 30, 2023 | 12:33 pm

S. Korea Waits for Election Results Before Investing in Nusantara

Nusantara has so far received 262 letters of intent from interested investors.
Business Aug 24, 2023 | 10:41 am

China’s Slowdown Won’t Affect Beijing’s Investment in Indonesia: Minister

Indonesia has estimated how much Chinese investment would potentially come into the country over the coming years.
Business Aug 24, 2023 | 2:30 am

Indonesia’s Economy to Top 5 Percent in 2023: Central Bank

GDP growth is expected to accelerate to 4.7 percent and 5.5 percent in 2024, Bank Indonesia data shows.
Business Aug 22, 2023 | 12:25 pm

Vietnam to Ink ASEAN Payment Connectivity Pact This Week

Vietnam will sign the regional payment connectivity pact at the upcoming gathering of ASEAN finance ministers and central bank governors.
Business Aug 21, 2023 | 3:55 pm