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Indonesia’s Golden Visa Falls Short of Target

Indonesia’s Golden Visa Falls Short of Target

by Teuvo Tuomi | Dec 18, 2024 | Business, Indonesia, Investment, News, Reports, Visas

Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration. “The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the...
Indonesia’s Trade Surplus 2nd Largest Since COVID

Indonesia’s Trade Surplus 2nd Largest Since COVID

by Teuvo Tuomi | Dec 16, 2024 | Indonesia, News, Reports, Trade

Indonesia’s exports exceeded imports in November. This resulted in the second largest trade surplus since the government lifted the COVID-19 pandemic status in 2023. The country’s trade balance was US$4.42 billion in November, according to Statistics Indonesia...
Indonesian Businesses Uneasy about Trump’s Trade Policies

Indonesian Businesses Uneasy about Trump’s Trade Policies

by Teuvo Tuomi | Nov 12, 2024 | Indonesia, China, News, Trade

Protectionist “America-first” trade policies from United States President-elect Donald Trump may incentivize Chinese producers to flood Southeast Asia with cheap goods and create barriers to Indonesian exports to the US, Indonesian Employers Association...
Chinese Jetliner Makes Its Maiden Flight

Chinese Jetliner Makes Its Maiden Flight

by Teuvo Tuomi | Nov 2, 2024 | Aviation, China, Indonesia, News, Transportation, Travel

An ARJ21 plane that took off from Indonesia arrived in Guangzhou on Tuesday, completing the maiden flight of the Manado-Guangzhou route of Indonesia’s TransNusa Airlines. It’s the longest commercial route for China’s first home-grown regional jetliner. The...
Prabowo’s 8% Growth Target Could Cause Overheating

Prabowo’s 8% Growth Target Could Cause Overheating

by Teuvo Tuomi | Oct 30, 2024 | Economy, Indonesia, Inflation, Investment, News

Analysts are warning that Indonesia’s economy could start overheating if President Prabowo Subianto goes ahead with his plan to push the country’s gross domestic product growth to 8% per year. An overheating economy, when GDP grows unsustainably, could lead to...
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