President: It’s a Big Mistake if the State Budget/Regional Budget/SOE Funds are Purchased for Imported Goods – President Joko Widodo (Jokowi) asked the APBN, APBD, and SOE budgets, which come from public money, not to be spent on imported products. “As I said in Bali, because this is people’s money, APBN, APBD, BUMN, this is people’s money, we shouldn’t buy imported goods. It would be a big mistake for us… Read More »

Although Migor Exports Open, Minister of Agriculture Predicts FFB Prices are Still Under Pressure – Minister of Agriculture (Mentan) Syahrul Yasin Limpo (SYL) explained that the ban on exports of cooking oil and its derivative raw materials made the price of fresh fruit bunches (FFB) for oil palm farmers fall by 50 percent. Meanwhile, the current export ban itself has been lifted. Although exports have been opened, the… Read More »

Through the World Economic Forum, the Minister of Trade Enhances Trade Cooperation – Minister of Trade Muhammad Lutfi continues to strive to increase international level trade cooperation with friendly countries. This is also one of the missions when attending the World Economic Forum (WEF) in Davos, Switzerland. This annual meeting will take place on 22-26 May 2022. Trade Minister Lutfi is scheduled to attend a number… Read More »

SWI Blokir 7 Entitas Investasi dan 100 Pinjol Ilegal – Satgas Waspada Investasi (SWI) meminta masyarakat untuk berhati-hati dalam memilih penawaran investasi dan pinjaman online (pinjol) ilegal. Meski, pemberantasan dan patroli siber terus dilakukan, masyarakat diminta tetap waspada. Jangan mudah tergiur dengan kemudahan syarat dan imbal hasil yang besar. Ketua SWI Tongam Lumban Tobing menuturkan, pihak kembali menemukan tujuh entitas yang melakukan penawaran… Read More »

Stimulating MSMEs to Go Digital, Tokopedia Holds Training for MSMEs in Surabaya – Tokopedia collaborates with the Surabaya City Government to organize a variety of Digital Advanced Class topics for MSME players, shop owners to grocery stores to be able to advance to class. This activity is part of the 729th Anniversary of the City of Surabaya and will be held on 18-20 May 2022. This… Read More »

Minister of Trade: Indo-Pacific Synergy with ASEAN to Support Regional Economy – Minister of Trade Muhammad Lutfi believes that the synergy between the Indo-Pacific Economic Framework (IPEF) and the ASEAN Outlook on the Indo-Pacific (AOIP) will have a maximum impact on regional economic development. Currently, Indonesia is studying the desire of the United States (US) to strengthen economic participation with the Indo-Pacific region through the… Read More »

In order for Indonesia to get out of the Middle Income Trap, these are the steps – Minister of Finance (Menkeu) Sri Mulyani Indrawati said the structure of the Indonesian economy and the level of national productivity needed to be strengthened through structural transformation of the economy. This is so that Indonesia can get out of the middle-income trap. The purpose of being trapped in a middle-income country is a… Read More »

Exports Open, Trade Minister: Prioritize Domestic Migor Needs – The government has opened a ban on the export of crude palm oil (CPO) as of March 23, 2022. The decision is bound by the Minister of Trade Regulation (Permendag) Number 30 of 2022 concerning Export Provisions for Crude Palm Oil, Refined, Bleached and Deodorized Palm Oil, Refined, Bleached and Deodorized Palm Olein,… Read More »

The Economic Growth of All Islands is Equal, Papua and Maluku are the Highest – The Central Statistics Agency (BPS) noted that Indonesia’s economy in the first quarter of 2022 was able to grow strongly by 5.01 percent on an overall basis year on year (yoy). This is one proof that people’s purchasing power is gradually recovering. The Minister of Finance (Menkeu) Sri Mulyani Indrawati also claimed that… Read More »

Trade Minister Brings Good News, Japan Expresses Interest in Investment in Indonesia – The Japanese Minister of Economy, Trade and Industry, Koichi Hagiuda, expressed his interest in investing in Indonesia to the Minister of Trade (Mendag) Muhammad Lutfi. This was conveyed on the sidelines of the APEC Trade Ministers Meeting in Bangkok, Thailand on 21-22 May 2022. This was conveyed by the Minister of Trade Lutfi… Read More »