• Growth of Wheat Imports in Indonesia Continues to Decline

    Imports of wheat into Indonesia only rose by 4 percent year-on-year (y/y) to 5.97 million tons in the first half of 2018. This very modest growth is below expectations. Moreover, it means that the trend of declining wheat imports into Indonesia (that started from 2016) continues. Subdued consumer purchasing power and the weak rupiah are blamed for these weak imports.

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  • Local Festivals Form Great Strategy to Boost Local Economies

    Events that are organized in the regions of Indonesia should be able to boost the local economies as a big number of domestic and foreign people come to visit the events. These visitors need a place to stay, eat & drink, and are usually interested in buying some local souvenirs. Hence, their money is injected in the local economy.

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  • Indonesia-Australia Trade Deal to Be Completed Before End-2018

    Negotiations related to the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) have entered the final phase. Iman Pambagyo, the Trade Ministry's International Trade Negotiations Director General, said both sides are currently finalizing the agreement. He added that around 85 percent of the agreement has been completed now and the deal is expected to be fully completed before the end of 2018.

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