Export Gateway at Trade Expo, Importance of Creative Deconstruction, New Carbon Exchange Scheme

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The following is important information related to the development of the business universe that needs attention today based on the curation of the SUAR Team.

Exports Increase, Trade Expo Rely on High-End Culinary Products

The government is holding the 40th Trade Expo Indonesia (TEI) on October 15-19, 2025 at ICE BSD City, Tangerang, as an effort to strengthen exports and attract foreign investment. Trade Minister Budi Santoso targets the transaction value of TEI 2025 to reach US$ 16.5 billion, but the realization is expected to be higher. Budi believes that the event, which relies on national cuisine, can elevate Indonesia's image in the midst of global trade. A total of 1,619 exhibitors and 8,045 buyers from 130 countries have registered to attend.
Nationally, from January to August 2025, Indonesia's export value reached US$ 185.12 billion, up 7.72% compared to the same period last year of US$ 171.86 billion. Not only that, Indonesia also recorded a cumulative trade surplus of US$ 29.14 billion, growing 53.3% compared to last year which was only US$ 19.1 billion. For 64 consecutive months since May 2020, Indonesia's trade balance has continued to surplus.

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Valuable Lessons from the 2025 Nobel Economics Laureates for the Business World

The core idea of the 2025 Nobel Laureates in Economics, creative destruction, is highly relevant to advances in technological innovation. Aghion and Howitt describe creative destruction as occurring when new, better, and more innovative products outcompete companies that stick with old products. Innovation represents novelty and creativity, but at the same time it is destructive and destroys old products naturally. How can this idea inspire the Indonesian business world?

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New Legal Umbrella Accelerates Carbon Market

Last weekend, the Indonesian government officially issued Presidential Regulation (Perpres) Number 110 of 2025 on the Value of Carbon Economy (NEK), which is expected to accelerate the growth of thevoluntary carbon market in the country. The regulation replaces the previous regulation, Presidential Regulation Number 98 of 2021 concerning the Implementation of Carbon Economic Value for Achieving the Nationally Determined Contribution Target (NDC) and Controlling Greenhouse Gas Emissions in National Development. The new regulation is expected to ensure that carbon trading is protected and able to maximize competitive advantage.

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Financing Outstanding Inflates, Fintech Prepares Risk Mitigation

The Financial Services Authority (OJK) noted that the outstanding value of peer to peer (P2P) lending or online debt loans (pinjol) reached Rp 87.61 trillion as of August 2025 - an increase of 21.62% compared to the same period last year of Rp 72.03 trillion. The industry's bad credit indicator reflected in the industry's 90-day default rate (TWP) is also still low. In August 2025, the 90-day TWP was 2.62%.

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Still Slow, Optimize Ministry and Agency Expenditures

The realization of expenditures by ministries and institutions (K/L) until 30 September 2025 was recorded at IDR 800.9 trillion or only 62.8% of the 2025 State Budget outlook set at IDR 1,275.6 trillion. Although showing progress, this figure suggests the need to accelerate the implementation of spending in the last months of the fiscal year.
Only two categories of expenditure showed on-track performance and even thickening. For example, personnel expenditure, which is vital to maintain the basic functions of government, has been realized at IDR 237.2 trillion (77.8% of the outlook), reflecting smoothness in the payment of salaries, performance allowances, and routine ASN operations.

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ITC Leadership Conclave 2025: This leadership forum aims to provide insights on how to be a strong, purposeful, and calm leader in the midst of a complex world(intentional leadership). In the event held on Thursday, October 16, 2025, at 09.00-12.00 WIB live via zoom, the keynote speech will be delivered by Shinta W. Kamdani (Chairman of Apindo) with the topic "From Disruption to Direction: Intentional Leadership in Times of Crisis and Complexity", followed by two panel discussion sessions discussing intentional leadership versus recreational leadership and power versus purpose. Participants from education, business, and government backgrounds can join the event online and get networking opportunities by registering through the link on Apindo's Instagram social media.

Mandaya Awards 2025: An evening of appreciation that aims to celebrate and reward individuals, communities, and local governments that have made a real contribution to improving the welfare and independence of communities throughout Indonesia is organized by Mandaya Awards. The event will be held on Thursday, October 16, 2025, at 08.30-12.00 WIB held offline at the Plaza Jamsostek Ballroom, Jalan HR. Rasuna Said, Kuningan, South Jakarta. As an award ceremony, the main focus is on celebrating the winners and VIP guests. Detailed information on how to participate can be accessed through Mandaya Award's Instagram social media.