On Wednesday (07.12.2022) Indonesia Investments released the November 2022 edition of its monthly report. In this report we zoom in on the most important economic, political, and social developments of Indonesia over the past month.
In this November 2022 edition there are a couple of topics that receive special attention. Firstly, Indonesia's provincial authorities determined the new minimum wages (that will kick in per 1 January 2023) in November 2022. It is always interesting to take a deeper look into these minimum wages as they are an important element within Indonesia's investment environment.
Secondly, Indonesia hosted the G20 summit on Bali in mid-November 2022. It is certainly worth taking a look into what the world's top leaders have in store for us in the next couple of decades.
Thirdly, Indonesia's Statistical Office (BPS) released the country's Q3-2022 economic growth data. We see strong household consumption and a very strong export performance.
Fourthly, monetary policy is something to watch as monetary tightening in the United States has huge consequences for the whole world, including Indonesia. For example, the Indonesian rupiah shows some marked weakening against the US dollar, prompting Bank Indonesia to raise its benchmark interest rate again.
We also offer economic updates in our report (inflation, trade and manufacturing activity) as they provide us valuable information on the state of the Indonesian economy.
The November 2022 report (an electronic report) can be ordered by sending an email to email@example.com or a message to +62.882.9875.1125 (including WhatsApp).
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