Indonesia – Page 3 – NATURALDEPOSIT

Indonesia Surpasses Expectations with 5.17% GDP Growth in Q2/2023

Indonesia’s economy showcased its resilience in the second quarter of 2023 as the country reported a higher-than-expected Gross Domestic Product (GDP) growth of 5.17%, despite experiencing a slowdown in exports. According to the Indonesian National Statistical Office, the Q2 GDP growth of 5.17% surpassed analysts’ predictions, who had estimated a growth rate of 4.93%. This …

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striped industrial chimneys against the gray sky

South Korea and Indonesia Forge Partnership to Boost Advanced Industries and Essential Mineral Supply Chains

News

South Korea and Indonesia have recently announced plans to strengthen cooperation in advanced industries, particularly in the electric vehicle (EV) and battery sectors, as well as essential mineral supply chains crucial to key industries. The decision came after a meeting of the Bilateral Economic Cooperation Committee in Seoul, led by Deputy Trade Minister Jong Daejin …

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Indonesia Unveils National Crypto Asset Trading Marketplace to Boost Investor Protection

News

The Indonesian government recently made a significant announcement regarding the launch of a national cryptocurrency asset exchange, aimed at providing regulatory authorities with better access to transaction data and ensuring enhanced protection for crypto investors. This move, spearheaded by the Commodities Futures Trading Authority (Bappepti), not only seeks to foster transparency but also promotes a …

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Indonesia’s Foreign Direct Investment Records Slowest Growth in 1.5 Years in Q2 2023

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Indonesia’s investment ministry has reported that the country’s foreign direct investment (FDI) experienced a 14.2% growth to reach Rp 186.3 trillion (US$12.59 billion) in the second quarter of 2023 (Apr-Jun) compared to the same period last year. However, in terms of the Rupiah currency, this growth rate represents the slowest in a year and a …

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Indonesia Surpasses Expectations with Higher-Than-Expected Trade Surplus, Raises Possibility of Rate Cut

News

Indonesia has exceeded expectations by recording a significantly higher trade surplus of $3.46 billion in June, as revealed by the Indonesian National Statistical Office. The surplus was driven by a larger-than-anticipated decline in imports, coupled with persistently weak exports. This development has sparked speculation about a potential interest rate cut before the year comes to …

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Indonesia Seizes Iranian Oil Tanker Engaged in Illegal Smuggling of Crude Oil

News

In a recent development, the Indonesian Coast Guard (Bakamla) has reported the seizure of an Iranian tanker suspected of being involved in the illicit shipment of crude oil. The vessel in question, named MT Arman 114, was apprehended by Bakamla agents as it was suspected of engaging in unauthorized transfers of crude oil to another …

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carrots lemon cauliflower and meat on plate

Thailand, Malaysia, and Indonesia Classified as Upper-Middle-Income Countries by the World Bank

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The World Bank has recently released its classification of countries based on income for the fiscal year 2024, spanning from July 1, 2023, to June 30, 2024. Thailand has retained its status as an upper-middle-income country, consistent with previous years. Joining Thailand in this category are Malaysia and Indonesia, the other two ASEAN countries included …

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Indonesia’s June Inflation Reaches a 14-Month Low

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Indonesia’s inflation rate for June has dropped to 3.52% year-on-year, marking the lowest level in 14 months, as reported by the Indonesian National Statistical Office. This decrease brings inflation back in line with the Bank of Indonesia’s (BI) target for the second consecutive month. The latest data reveals that headline inflation has reached its lowest …

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Indonesia’s Economic Growth Expected to Reach 4.9% as Recovery Slows, Says World Bank

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According to the latest semi-annual economic forecast released by the World Bank, Indonesia’s economy is projected to grow by 4.9% in 2023, indicating a slowdown compared to the 5.3% growth achieved in 2022. The moderation in economic expansion is primarily attributed to the normalization of domestic demand, which had experienced a surge during the height …

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Isuzu Plans Car Production Shift from Thailand to Indonesia

News

Isuzu Motors, a prominent Japanese car manufacturer, is reportedly preparing to relocate its car production operations from a factory in Thailand to Indonesia, according to the Indonesian Industry Minister. The anticipated production shift is expected to commence as early as next year. The Indonesian Industry Minister expressed appreciation for Isuzu’s decision and stated that the …

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