ECONOMY

Statistics Indonesia (BPS) announced that Indonesia posted a trade surplus of US$5.16 billion in November, compared to US$5.67 billion in October.

BDx Indonesia, a joint venture company of Big Data Exchange (BDx), PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), and PT Aplikanusa Lintasarta, and the largest wholesale data center and cloud-focused operations creating digital infrastructure in the Indonesian market, is pleased to announce the appointment of Mr. Agus Hartono Wijaya as President Director and CEO of BDx Indonesia. In this role, Agus will play an integral role in leading and executing operations for BDx Indonesia’s multiple expansion initiatives and the substantial growth pipeline the company sees throughout Indonesia.

Bank Indonesia (BI) will soon issue a digital currency called “digital rupiah.” Although the official launch date is yet to be confirmed, BI has published a white paper on the mechanism of issuance and distribution of digital rupiah, dubbed the “Garuda Project” on Wednesday (30/11).

The Chamber of Commerce and Industry Indonesia - Portugal (CCIIP) President Eng. Ilídio Serôdio mentioned that the presence of CCIIP in Indonesia aims to be strategic interface between the Portugal and Indonesian economies and boost cooperation and business opportunities in both countries.

Jakarta, IO - PT GoTo Gojek Tokopedia Tbk (GoTo) officially retrenched 1,300 of its workers on Friday (18/11), citing the need to improve efficiency. GoTo’s management said the decision was taken in a bid to...

Russia has reportedly fallen into recession nine months after it launched a military offensive against Ukraine.

Investment Minister/Investment Coordinating Board (BKPM) chief Bahlil Lahadalia said after nickel, the government is now targeting gas and food downstream industry. This plan has also been discussed in a limited Cabinet meeting with President Joko Widodo (Jokowi).

Google, Temasek and Bain & Company released the 2022 SEA e-Conomy Report where they projected that Indonesia’s digital economy will reach GMV (Gross Merchandise Value) of US$77 billion this year, up 22 percent year on year.

Deputy Trade Minister Jerry Sambuaga said Indonesia is in a stronger position to face the looming global economic recession judging from the performance of its trade sector during the Covid-19 pandemic.

The government of Indonesia has made the 2030 Agenda for Sustainable Development or SDGs, in line with its low-carbon development plans that are aligned with the National Medium-TermDevelopment Plan For 2020-2024.

Amid weakened global growth prospect, Indonesia is still an attractive investment destination for national and global manufacturing industry players. This is reflected in the realization of manufacturing sector investment which reached Rp365.2 trillion between January-September 2022.