Indonesia's Economy Grows Steadily in Q1 2024, Ready to Transform at Green Industrial 2024

Jakarta, INTI - Indonesia's economy grew by 5.11% year-on-year in Q1 2024, higher than the same period last year. International rating agencies have also given positive assessments, indicating that Indonesia's economic resilience remains strong, supported by stable economic growth.

The real sector also continues to show promising economic prospects. Indonesia's Manufacturing Purchasing Managers' Index (PMI) has remained at an expansionary level for 34 consecutive months. This is accompanied by a strong Consumer Confidence Index (CCI) and a growing Real Sales Index (RSI). These data indicate that Indonesia's industrial and consumer activities are still in good condition.

"We should also be grateful because in Q1 2024, the manufacturing industry grew steadily by 4.13% due to strong domestic and international demand. The food and beverage sub-sector grew by 5.87% and recorded exports worth USD 9.18 billion. This sector's contribution in Q1 2024 was 39.91% to the non-oil and gas industry GDP, and 6.97% to the national GDP," said Coordinating Minister for Economic Affairs Airlangga Hartarto during the Opening of Trading and Initial Public Offering (IPO) of PT Gunanusa Eramandiri Tbk at the Indonesia Stock Exchange (IDX), Jakarta, Tuesday (9/07).

The Importance of IPO and Economic Strengthening

In the midst of the maintained national economic conditions, Minister Airlangga expressed the government's appreciation for the efforts made by PT Gunanusa Eramandiri Tbk, a national company engaged in processed snacks, to conduct an Initial Public Offering and List Shares on the IDX.

"Which country can grow by 5.11% and experience low inflation? We are in the top 5 of G20 countries, even compared to OECD countries we are at the top. Trade has been positive in recent months, and we must remain optimistic about Indonesia's manufacturing industry and supply chain. The food and beverage industry is also optimistic and has very large exports," said Minister Airlangga.

Furthermore, the IPO is a good starting point for PT Gunanusa Eramandiri Tbk to continue transforming into a leading food processing company capable of competing nationally and globally. It is hoped that this will demonstrate transparency, efficiency, and accountability in every operational activity for public viewing.

"To the capital market, we need not worry because the transition process to the next administration will be smooth. The preparation of the 2025 State Budget has already been consulted with Mr. Prabowo, so there is no need to worry about growth targets and flagship programs as they have been accommodated. So, the stock exchange does not need to wait and see, just go ahead," concluded Minister Airlangga.

Also present at the event were the Director of Trading and Membership Regulation of IDX Irvan Susandy, President Director of the Indonesian Central Securities Depository (KSEI) Samsul Hidayat, President Commissioner of GUNA Tjokro Gunawan, Independent Commissioner of GUNA Eko Putro Sandjojo, and President Director of GUNA Ivan Cokro Saputra.

Showcasing Innovation at Green Industrial 2024

To support economic development, green energy, technology, and the digital world, the Green Industrial 2024 event within Indonesia Technology and Innovation (INTI-2024) will be an ideal platform to explore the latest innovations in technology and the internet. INTI is the largest exhibition and conference related to technology and innovation in Indonesia. Follow and register to get the latest information and participate in the event here.

INTI 2024 will take place at JI-EXPO from August 12-14, 2024. This event will showcase the latest innovations and provide an opportunity for industry players to share knowledge and form strategic partnerships.

With strategic steps like these, Indonesia can realize the Golden Indonesia Vision 2045 more quickly and effectively, ensuring sustainable and inclusive economic growth.