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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.
Indonesia's Trade Surplus Continues for 65th Consecutive Month
- The Central Statistics Agency (BPS) reported that Indonesia's trade balance in September 2025 returned to surplus, amounting to USD 4.34 billion. This achievement marks the continuation of a positive trend for 65 consecutive months since May 2020. Cumulatively, the trade surplus value from January to September 2025 reached USD 33.48 billion, an increase of USD 11.30 billion compared to the same period last year.
- Indonesia's export value in September 2025 was recorded at USD 24.68 billion, an increase of 11.41% compared to September 2024. Meanwhile, imports reached USD 20.34 billion, up 7.17% on an annual basis. The higher export performance than imports kept the trade balance in surplus, although the size of the surplus decreased compared to August 2025. Cumulatively, Indonesia's exports from January to September 2025 increased by 8.14% compared to the same period last year.
Read the full story here.
Financial System Stability Inspires Optimism that Growth Target Will Be Achieved
- The stability of Indonesia's financial system in the third quarter of 2025 is an oasis of strength amidst the uncertainty and dynamics of the global economy. The synergy of fiscal, monetary, and financial policies are supporting factors that spark optimism for annual economic growth on target. However, there is still work to be done to ensure that this optimism actually becomes a reality.
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Two Months to Close the Year, Inflation Still Under Control
- The Central Bureau of Statistics (BPS) reported the headline inflation rate in October 2025 at 2.86% on an annual basis(year on year/YoY). Less than two months to the end of 2025, Indonesia's inflation is still below the upper limit of the government and Bank Indonesia (BI) target of 3.5%. On a monthly basis, BPS recorded inflation of 0.28%, while calendar year inflation(year to date) reached 2.10%. On a monthly basis, inflation this time is the highest in the last five years for the October period, after in 2021 to 2024 inflation in the same month was always below 0.20%.
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Manufacturing Managers' Optimism Booms as Domestic Demand Grows
- S&P Global on Monday (3/11/2025) released Indonesia's Manufacturing Purchasing Managers Index (PMI) in October 2025 rose to 51.2 from the previous month at 50.4. A reading above 50 indicates expansion, while below 50 indicates the opposite. This achievement marks the third consecutive month of manufacturing expansion, which shows the stability of national industrial growth momentum amid global economic pressures. Based on the components forming PMI Indonesia in October 2025, new orders rose from 51.7 to 52.3. Meanwhile, the employment rate increased from 50.7 to 51.3. These increases reflect the increasing market confidence and production capacity of the national industry.
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Anne's Selected Videos Continues to Run, Indonesian Textiles Want to Catch up with Vietnam
Agung Mahesa Fikri
The Power of Indonesia's Digital Economy in the Regional Landscape
- Indonesia is the largest and most strategic digital market in Southeast Asia. In the long term, the gross merchandise value (GMV) of Indonesia's entire digital economy is expected to reach USD 200 billion to USD 360 billion by 2030.
- By 2024, the overall sales value or GMV of Indonesia's digital economy is projected to reach USD 90 billion. This figure is up 18% in two years. This solid GMV growth is underpinned by excellent performance across key sectors. The e-commerce sector remains the largest contributor, projected to reach a GMV of USD 65 billion by 2024. Meanwhile, the online travel sector recorded the most impressive performance with a 108% jump from USD 3 billion in 2022 to USD 7 billion in 2023, and is expected to touch USD 9 billion in 2024.
Read the full story here.
The Governance Insight Forum is organized by the Financial Services Authority (OJK) with the aim of strengthening synergies and encouraging clean, accountable and proactive governance of the financial services sector in Indonesia. This event will be held on Tuesday, November 4, 2025, at 09.00-12.00 WIB, with a hybrid format (offline and online) at the West Sumatra Governor Auditorium Building. This forum will present the Chairperson of the OJK Audit Board, Sophia Wattimena, and invite all stakeholders to discuss strategies to build a healthy, transparent and integrity financial services sector. Participants can join this event by registering through the link provided on OJK's Instagram social media.
Innovative Government Award (IGA) 2025. In this competition and appreciation event organized by the Ministry of Home Affairs (Kemendagri), regional heads have the opportunity to present superior innovations from their respective regions. The event will last for three days, on November 4-6, 2025, with the opening by the Minister of Home Affairs on November 4, 2025 at 08.00 WIB, located in the Main Session Room of the Ministry of Home Affairs. Participants or the general public can listen and support regional innovations online(live) through the Ministry of Home Affairs' BSKDN YouTube channel.
"Never underestimate the power of a simple idea. The simplest ideas often have the biggest impact." (Melanie Perkins-Founder of Canva)
Have a good day, Chief.
Team SUAR
