The International Monetary Fund (IMF) has projected that Indonesia’s economy will grow at 5-5.1% in the 2024-2025 period and remain at 5.1% in the 2025-2029 period.
Trade
Indonesia must increase the share of tradable goods in its economy to strengthen exports and generate more foreign currency revenues, National Development Planning Minister Suharso Monoarfa said.
India and Indonesia have applied to export their de-crowned crop of the fresh fruit to Australia.
Indonesia welcomed around 6.4 million foreign tourists throughout the first half of 2024, the Central Statistics Agency (BPS) announced on Thursday.
Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to southeastern Asia’s largest economy.
The Indonesian government is set to accelerate the export of durians from Central Sulawesi province to China, as the Southeast Asian country has identified a promising market and high demand for the fruit among Chinese consumers.
Indonesia is set to grant visa-free visits to 20 countries by October, according to the Ministry of Tourism and Creative Economy. The proposal is now in its final stages.
Indonesia’s economy is fundamentally strong and growing beyond market expectations, its senior economic minister said on Monday, after the rupiah fell to four-year lows against the dollar last week.
State oil firm will also boost carbon trading and bioethanol in five-year plan.
The ongoing trade war between the world’s economic giants, China and the United States, is anticipated to escalate further as the November 5, 2024 election approaches. This trade conflict could have adverse effects on Indonesia, which relies heavily on the world’s biggest economies.
Australia’s dairy industry is licking its lips at the prospect of increased demand from Indonesia.
Dr Anthea Skinner, Prof Lisa Palmer, Prof Marcia Langton, Prof Aaron Corn, Dr Kristen Smith, Prof Brian Djangirrawuy Gumbula-Garawirrtja, Renelle Gandjitjiwuy Gondarra, Prof. Muhlis Hadrawi, James Pilbrow.
The government has announced 27 national holidays for this year alone, mostly related to religious events. By comparison, Vietnam has only 13 national holidays, said Eko Listiyanto from the Jakarta-based Institute for Development of Economics and Finance.
Indonesia’s economy grew by 5.11 percent year on year in the first quarter of this year, Statistics Indonesia BPS announced recently.
According to Swire Shipping, the cargo was loaded in Mokpo, South Korea and shipped to Balikpapan, Indonesia. It was destined for the Refinery Development Master Plan (RDMP) in Balikpapan, a strategic national refinery enhancement project. The project is designed to bolster energy resilience and self-sufficiency.
Beijing is courting Jakarta with promises of investments. Meanwhile, the US is losing sway the longer it dithers over Gaza.
