• Car Sales, Production and Exports of Indonesia Estimated to Grow in 2014

    Indonesia's national car industry is expected to contribute IDR 44 trillion (USD $4 billion) to the country's total exports in 2014 through the export of completely built units (CBU), completely knock down units (CKU) and automotive spare parts. Exports of CBUs are estimated to rise more than 18 percent to 200,000 units in 2014, supported by increased domestic production capacity, according to Budi Darmadi, an official at Indonesia's Ministry of Industry. Darmadi declined to estimate exports of CKUs and spare parts this year.

    Lanjut baca ›

  • Conclusion G20 Finance Ministers and Central Bank Governors Meeting

    On Sunday (23/02), the first G20 Finance Ministers and Central Bank Governors Meeting was concluded. In a statement, the finance ministers and central bank governors committed to implement policies to grow collective GDP by over 2 percent above the current trajectory over the next five years. Realistically, these policies could mean an extra USD $2 trillion in global economic activity and tens of millions of additional jobs. Each country will deliver a comprehensive growth strategy as part of the Brisbane Leaders Summit in November.

    Lanjut baca ›

  • Chatib Basri: Indonesia's Economic Growth Slows Down Further in 2014

    Following a meeting of the G20 Finance Ministers, Indonesia's Finance Minister Chatib Basri said in an interview that this year's economic growth in Indonesia may slow to the lowest level since 2009 as the government and central bank implemented various measures aimed at curbing GDP growth in order to safeguard financial stability. Basri said that GDP growth in the range of 5.5 to 5.8 percent is a more realistic forecast. Slower growth will help to realize the government's aim to reduce the current account deficit to between 2.0 and 2.5 percent of GDP.

    Lanjut baca ›

  • European Union Eager to Increase Foreign Direct Investment in Indonesia

    Colin Crooks, Deputy Head of the European Union delegation to Indonesia, Brunei Darussalam and ASEAN, said that Europe's businesses are eager to invest in Indonesia. However, the European Union (EU) hopes that several issues that are blocking the Indonesian economy (particularly related to trade and investments) from growing further are dealt with. Crooks pointed at EuroCham's position papers, which discuss bottlenecks to Indonesia's investment climate and provides recommendations for its improvement.

    Lanjut baca ›