Indonesia’s trade balance in August 2019 recorded a surplus of USD85.1 million as the country’s export and import values stood at USD14.28 billion and USD14.20 billion respectively last month, the Central Statistics Agency (BPS) has reported. The country’s trade balance in July 2019 recorded a deficit of USD60 million.

The Government has given green light for three housing development associations – the Indonesian Real Estate (REI), the Indonesian Housing and Settlement Development Association (APERSI), and the Housing and Settlement Housing Association (Himperra) – to have their funds within the Housing Financing Liquidity Facility (FLPP) scheme raised. “To meet the target (of building new houses) […]

President Joko “Jokowi” Widodo has said that the Corruption Eradication Commission (KPK) is a state institution and reminded the KPK leaders to be wise in conducting state duties. “The KPK is a state institution. So please be wise in conducting state duties,” the President told the reporters after the opening of the 16th National Conference […]

The Government is studying several inputs from the Indonesian Textile Association (API) and the Indonesian Association of Synthetic Fiber and Filament Producers (APSyFI) to respond to the condition of domestic market that is flooded with imported textile products, including fabric, yarn, and printing fabric. Minister of Industry Airlangga Hartarto asserted that tariff harmonization, exemption of […]

The Government will strive to remove investment barriers so Indonesia is able to overpower other countries and to become an investment magnet during “consumer revolution” next year, according to President Joko “Jokowi” Widodo. President Jokowi asserted that to manifest that idea, young entrepreneurs must change their mindset. They must not depend on projects funded by […]

Given the number of Indonesian to enter the middle class and affluent consumer (MAC) demographic is projected to double from 70 million in 2013 to 141 million next year, President Joko “Jokowi” Widodo urged entrepreneurs joining the Indonesian Young Entrepreneurs Association (HIPMI) to anticipate it. “This high figure shows “consumer revolution” in Indonesia,” President Jokowi […]

President Joko “Jokowi” Widodo said that the global economic uncertainty including China-US trade war could be both a challenge and an opportunity for Indonesia to increase exports, particularly on textile products, synthetic fibers, and filament thread. “Moreover, the textile and apparel industry became the highest growth industry in the second quarter of 2019, amounting to […]

The factions in the Indonesian House of Representatives (DPR) approved the Government’s proposal to increase the minimum age for marriage to 19 years-old. The approval was conveyed by the House of Representatives factions during the Working Committee Meeting (Panja) of the Marriage Bill with Minister of Women’s Empowerment and Child Protection (PPPA) Yohana Yembise along […]

Minister of Communication and Informatics, Rudiantara, encourages youth to make games considering games and esports industry in Indonesia has great potentials. “The Government supports the esports industry. We want our youth to make games in the future, not just play the games,” Rudiantara said in his remarks at the 2019 IDBYTE Esport Conference with a […]

President Joko “Jokowi” Widodo expressed his disapproval of some of the contents in the Bill of Revision to Law Number 30 of 2002 on the Corruption Eradication Commission (KPK) which has the potential to limit the effectiveness of the KPK in carrying out its tasks. “First, I have to disagree that the KPK must gain […]