Indonesia's economic growth in the third quarter of 2023 increased by 4.94% year-on-year, and 1.6% month-on-month, according to the Central Statistics Agency (BPS).
Jakarta (VNA) - Indonesia's economic growth in the third quarter of2023 increased by 4.94% year-on-year, and 1.6% month-on-month, according to theCentral Statistics Agency (BPS).
Acting Head of BPS Amalia AdininggarWidyasanti said on November 6 that Indonesia's Gross Domestic Product (GDP) atcurrent market prices (ADHB) amounted to over 5.29 trillion IDR (341 million USD) inthe third quarter. Furthermore, when viewed at constant market prices (ADHK),it was recorded at 3.12 trillion IDR (201 million USD).
According to Amalia, the realisation ofeconomic growth in the the quarter is still considered quite favourable,especially given the backdrop of a slowing global economy, climate change, anddecreasing prices of key export commodities.
The processing and manufacturing industry wasthe country’s biggest growth driver in the third quarter. Amalia explained thatthe growth of the manufacturing sector is supported by high domestic demand,including for metal goods such as computers, electronic products, optics andelectrical equipment, which increased by 13.68% over the same period last year./.
Indonesian President Joko Widodo on November 1 attended a groundbreaking ceremony for Nusantara Capital Airport (IKN Airport) located in East Kalimantan province on Borneo island.
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Indonesian Forestry Ministry Secretary General Bambang Hendroyono on October 31 said that some 200,000 ha of oil palm plantations found in areas designated as forests in the country are expected to be returned to the state to be converted back into forests.
The National Logistics Agency of Indonesia (Bulog) recently signed a contract for the import of 1 million tonnes of rice, as part of an additional quota of 1.5 million tonnes allocated from Vietnam, Thailand, Pakistan and Myanmar.
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The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
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PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.