News

The PMI was up from 53.3 in December last year, he noted. An index above 50 indicates that the manufacturing industry is in an expansionary stage. The minister said that Indonesia's manufacturing PMI in January 2022 exceeded ASEAN's average manufacturing PMI of 52.7, Malaysia 52.8, Philippines 50.0, South Korea 51.9, Russia 51.8, and China 49.1.   https://en.antaranews.com/news/212945/indonesias-manufacturing-pmi-up-in-early-2022

Taiwan-based companies and local fi­rms have inked an USD 8 billion (Rp 114 trillion) investment deal to develop Indonesia’s electric vehicle ecosystem. Foxconn, a contract manufacturer known for Apple’s iPhone, and Gogoro, an electric scooter and battery swap technology company, represent the Taiwanese side in the deal; while coal giant Indika Energy and state-owned Indonesia Battery Corporation represent the Indonesian side. These companies will develop a wide range of EV segments, from cars, two-wheelers and buses to battery production and supporting industries, such as energy storage systems, battery exchange or swap stations, battery recycling as well as research and development.

Indonesia's consumer con­fidence index rose to 118.5 last month, the highest since January, 2020, on an improving perception of economic conditions amid a rise in incomes and job opportunities, the central bank said in a report recently.

The World Bank has predicted that Indonesia’s economic growth will return to pre-pandemic levels next year as the vac cination campaign continues. In its December country report, the bank predicted that the country’s GDP would grow 5.2 percent in 2022, up from the 5 percent it predicted in June. 

  The government has injected Rp 60 trillion (USD 4.18 billion) into the country’s sovereign wealth fund to get the ball rolling in ­nancing major projects. The latest funding for the Indonesia Investment Authority (INA) comprises Rp 15 trillion in state capital injection (PMN) from this year’s state budget and Rp 45 trillion in equity from Bank Mandiri and Bank Rakyat Indonesia (BRI).                   https://www.thejakartapost.com/news/2021/11/09/govt-injects-4-2b-into-sovereign-wealth-fund-to-get-big-projects-rolling.html 

President Jokowi inaugurated the Section I of Serang-Panimbang Toll Road. The Serang-Panimbang toll road is divided into three sections that stretch for 83.67 kilometers.   https://nasional.tempo.co/read/1529020/jokowi-resmikan-jalan-tol-serang-rangkasbitung

Indonesia booked further record-high export and trade surpluses, bolstered once more by high coal and crude palm oil (CPO) prices, bene­ting from a recovery in global trade. Statistics Indonesia (BPS) reported that exports grew by 53.35 percent year-on-year (yoy) to USD 22.03 billion. Similarly, imports rose by 51.06 percent to USD 16.29 billion from a year earlier. This brought the trade surplus to stand at USD 5.73 billion, marking an increase of 60.06 percent from a year earlier. https://www.thejakartapost.com/business/2021/11/15/indonesias-export-trade-surpluses-hit-record-high-again-in-october.html 

Head of the Central Statistics Agency (BPS), Margo Yuwono, announced today that Indonesia’s previous month's import value was USD 16.23 billion, up 40.31% from September 2020. Previously, BPS revealed that Indonesia's trade balance recorded a surplus of USD 4.37 billion.   https://www.cnbcindonesia.com/news/20211015080145-4-284080/impor-melesat-40-neraca-dagang-ri-masih-untung-us--437-m