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View all search resultsCoordinating-Economic-Ministry
Economy 1 year ago
Indonesia surpasses Japan and UK, rises to 27th in competitiveness rankings
Indonesia's efforts to become one of the world's largest economies are increasingly paying off. This is demonstrated by the rise of Indonesia's competitiveness ranking by seven places in 2024, the highest in the past six years.
Economy 1 year ago
Minister Airlangga visits China, discusses R&D cooperation with UGM Faculty of Engineering
After attending the Nikkei Forum in Tokyo for two days, Coordinating Economic Minister Airlangga Hartarto took advantage of the recent long weekend to visit the integrated industrial facilities of CNGR based in Qinzhou, southern China, which is the closest part of China to Southeast Asia, approximately 90 kilometers from Nanning. During this visit, Minister Airlangga was received directly by Deng Wei Ming, chairman of CNGR.
Economy 1 year ago
Visiting Korea, Airlangga promotes strategic bilateral ties
Bilateral cooperation between Indonesia and South Korea has been established for over 50 years. The close relationship between the two countries continues to be promoted, especially in the sectors of economy, trade and investment.
Economy 1 year ago
Stimulating Indonesia's economic growth through South Korean investment
Indonesia and the Republic of Korea have seen a significant strengthening of their economic cooperation post-pandemic, with bilateral trade reaching US$20.8 billion in 2023. Korea's foreign direct investment (FDI) in Indonesia, totaled approximately $2.5 billion in 2023, up by over $200 million from the previous year, marking Korea as the seventh-largest investor in Indonesia. Among the major investments realized is the construction of a downstream petrochemical plant by Lotte Chemical, a leading Korean chemical company established in 1976 and ranked among the world's top seven with a stable profit structure. The realization of PT Lotte Chemical Indonesia’s investment is the downstream petrochemical complex, the LOTTE Chemical Indonesia New Ethylene Project (LINE Project), a naphtha cracker worth tens of trillions of rupiah located in Cilegon, Banten.
Economy 2 years ago
Coordinating Minister Airlangga emphasizes economic foreign policy in academic event
The year 2045 will present a valuable moment for Indonesia, as the country will obtain a window of opportunity through a demographic bonus, something that only occurs once in a nation's lifetime.
Regulations 2 years ago
PREMIUM
Ministers fail to reach consensus on IPEF, need more talks on trade
Coordinating Economic Minister Airlangga Hartarto said on Wednesday that discussions at an international summit in the US had not produced “the targeted resolution” on trade due to disagreement over several issues, including critical minerals, a key topic for Jakarta.
