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  • News_JokowiHannover2023
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    President Jokowi, Chancellor Scholz Inaugurates Indonesia Pavilion at Hannover Messe 2023

    Indonesia President Joko “Jokowi” Widodo and German Chancellor Olaf Scholz officially opened the Indonesia Pavilion at Hannover Messe 2023, the world’s largest industrial trade fairs, on Sunday, April 16.

  • News_IndustrialDevelopment
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    High Investment Needs for Industrial Development

    Indonesian Investment Minister Bahlil Lahadalia has announced a so-called "Downstreaming Roadmap" to 2040. It is intended to provide the framework for the further processing of domestic raw materials. The aim is to sell these with higher added value on the world market. A total of 21 raw materials are in focus. These are mainly mineral raw materials, but also agricultural materials and fisheries products. The minister put the necessary investment requirements at USD 545.3 billion. More than three quarters of this is said to be attributable to the processing of mineral ores and coal.

  • News_MinimumWages
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    Minimum Wages Will Increase by an Average of 7.5% in 2023

    The Indonesian Ministry of Manpower has announced the average increase in minimum wages for 2023: It is a nominal (on a rupiah basis; US$D 1 = IDR 15,731) of 7.5%. In Jakarta, the minimum wage will increase by 5.6%. According to the exchange rate of the end of November 2022, the new minimum wage corresponds to USD 311 per month. In the remaining five provinces of Java, the increases are between 6.4% (Banten) and 8% (Central Java). The monthly minimum wages there are then between USD 115 and USD 169. For many foreign companies, Indonesia is a location for cheap contract manufacturing. The monthly minimum wages – with a standard working week of 40 hours – are an important factor for them.

  • News_Covid
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    Govt. Lifts All COVID-19 Restrictions

    The Indonesian government has decided to lift its public activity restriction policy on COVID-19 in light of steadily declining infection rates in the country.

  • News_Booming
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    Booming Foreign Trade Drives the Economy

    Indonesia recorded real economic growth of 5.2% in the first half of 2022. The International Monetary Fund (IMF) is forecasting GDP growth of 5.3% for the year as a whole. This is a significant increase. A year earlier the IMF had assumed 4.5% for 2022. In return, it should only be 5% in 2023 instead of the previously expected 6 percent. This shows that forecasts are more difficult than ever in times of high commodity prices and inflation.

  • News_APK2022
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    APK 2022: Germany Wants Closer Ties with Southeast Asia

    Germany is keen on strengthening its economic ties with Southeast Asia, German Chancellor Olaf Scholz said during APK 2022 in Singapore this November.

  • News_Certified
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    Certified Indonesian Passports Valid for Visa Applications

    EKONID members who hold Indonesian passports without signature columns can have their passports processed as long as the passport is officially certified by an Indonesian passport authority.

  • News_IndonesiaPositiveGrowth
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    Indonesia Posts Positive Growth in Q1 2022

    Indonesia grew 5.01% in the first quarter of 2022 due to a rise in commodity prices and the lifting of COVID-19 restrictions across the archipelago. However, rising inflation and the war in Ukraine give cause for concern.

  • News_IndonesianImports
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    Indonesian Imports Set New Record in 2021

    According to the Indonesian statistics office BPS, Indonesia imported goods worth USD 196.2 billion in 2021. That is an increase of 38.6% compared to the previous year and at the same time a new record. The previous high of USD 191.7 billion dates back to 2012. A new peak was also recorded on the export side at USD 231.5 billion (up 41.8%). The positive foreign trade balance of USD 35.3 billion marks the country’s largest surplus since 2007.