by Teuvo Tuomi | Jan 5, 2024 | Business, Economy, Indonesia, News
Despite some good news, Indonesia’s economy still took a hit from weaker global demand last year, leading to almost 300,000 workers being laid off in export-oriented industries. The Manpower Ministry recorded that almost 300,000 people were laid off from January to...
by Teuvo Tuomi | Dec 30, 2023 | Indonesia, Economy, Environment, News
Indonesia is facing serious challenges to cut carbon emissions. The installed capacity for new and renewable energy (NRE) reached 12.5% of the total electricity generation capacity in mid-2023, according to the Energy and Mineral Resources Ministry. This is far below...
by Teuvo Tuomi | Dec 19, 2023 | Indonesia, Business, Economy
The Indonesian Chamber of Commerce and Industry (Kadin) encourages the government to attract more skilled expatriates to work in the country while not neglecting the local workforce. Tigor M. Siahaan, Kadin’s department head of monetary policy and financial services,...
by Teuvo Tuomi | Dec 14, 2023 | Economy, Indonesia, News
Indonesia’s trade surplus is expected to narrow in November as exports are slowing. Also, imports will likely witness only marginal growth, a Reuters poll reveals. The poll shows trade surplus of $3.05 billion in November, compared with $3.48 billion in October....
