Indonesia – NATURALDEPOSIT

a man and a woman with ppe s talking at a construction site

Indonesia Commits $2 Billion to Support Troubled State Construction Firms

Indonesia’s Ministry of State-Owned Enterprises revealed its plan on Monday to secure 30.5 trillion rupiah ($2.05 billion) in investments by 2024 for two construction firms grappling with financial challenges. The announcement came during a hearing of the parliamentary committee responsible for overseeing state investments. Any capital infusion into a state-owned company must receive approval from …

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Indonesia’s Inflation Returns to Central Bank’s Target Range in May

News

Indonesia’s annual inflation rate dropped to 4 percent in May, reaching the upper end of the central bank’s target range earlier than anticipated, according to data from the Bureau of Statistics released on Monday. In Southeast Asia’s largest economy, inflation had exceeded the Bank of Indonesia’s (BI) target range of 2% to 4% since June …

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Indonesia Launches Carbon Capture and Storage Center as Regional Hub for Low-Carbon Solutions

News

Indonesia has taken a significant step towards becoming a regional leader in carbon capture and storage (CCS) solutions with the establishment of the Carbon Dioxide Capture and Storage Center (ICCSC). The Coordinating Minister for Maritime Affairs and Investment in Indonesia expressed that the center will pave the way for the development of low-carbon businesses in …

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Indonesia Posts Higher-Than-Expected Trade Surplus of $3.94 Billion in April Despite Drop in Exports and Imports

News

The Indonesian National Statistical Office has reported that Indonesia posted a trade surplus of $3.94 billion in April 2023. This figure came as a surprise as it was higher than analysts had predicted, despite both exports and imports decreasing during the same period. Major commodities such as palm oil, coal, and nickel also experienced a …

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Indonesia Reveals Q1/2023 GDP Growth of 5.03%, Higher Than Expected

News

The Indonesian National Statistical Office announced today that the country’s Gross Domestic Product (GDP) in Q1/2023 expanded by 5.03% year-on-year. The growth rate surpassed expectations, which was previously set at 4.95%, and was higher than the 5.01% growth recorded in the previous quarter. Despite the 0.92% contraction of Indonesia’s Q1 GDP on a quarterly basis, …

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Bank of Korea and Indonesia central bank sign MOU to support local currency transactions

News

In a move to promote the use of local currencies in bilateral transactions, the Bank of Korea and the central bank of Indonesia signed a memorandum of understanding (MOU) on May 2. The agreement will help to support transactions such as current account transactions and direct investment, reducing the cost of transactions for businesses and …

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Indonesia’s April CPI Slows Down, Falls Below Expectations

News

The Indonesian government announced on Monday that the country’s Consumer Price Index (CPI) for April had slowed down from the previous month, indicating that the central bank may maintain the current interest rate level for the foreseeable future. The April CPI rose by 4.33 percent year on year, compared to March’s figure of 4.97 percent. …

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aerial photography of high rise building and swimming pool

Indonesia Reveals Foreign Investment Soars Nearly 20.2% in Q1 2023

News

Indonesia’s investment sector has announced a remarkable increase in foreign direct investment (FDI) during the first quarter of 2023. The figures show that FDI surged by 20.2 percent in Q1 2023 year-on-year, reaching 177 trillion rupiah (equivalent to $11.96 billion). The base metals industry received the largest share of the investments, which is part of …

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Indonesia’s Finance Minister Remains Confident in 5% Economic Growth

Allgemein, News

Indonesia’s Finance Minister, Mrs. Sri Mulyani Indrawati, expressed confidence in the country’s economic prospects, stating that she expects the economy to grow around 5% this year, despite weak exports. Speaking to Bloomberg News on the sidelines of the International Monetary Fund (IMF) and World Bank meeting in Washington on Friday (April 14), Mrs. Indrawati remained …

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Indonesia Cuts VAT on Electric Cars to 1% Aimed at Promoting Usage and Attracting Investment

News

In a move to encourage electric vehicle (EV) usage and attract investment into its EV sector, Indonesia has lowered the value-added tax (VAT) on battery electric vehicle (BEV) sales from 11% to 1%. The announcement was made by the Indonesian Ministry of Maritime Affairs and Investment Coordination. The incentives, which also apply to certain electric …

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