To maintain a growth rate above 5 percent in 2025, the governments need to ensure continued consumption.
The JS-SEZ, a collaborative initiative between Malaysia and Singapore, was officially launched last week.
Sri Mulyani Indrawati said the government will strive relentlessly to establish a resilient economic foundation in the 2024 political year.
Indonesia President, Joko Widodo, said the economy is expected to record a growth of 5.2 percent for last year.
Indonesia and the European Union have reportedly entered a new phase in the Comprehensive Economic Partnership Agreement (CEPA) talks.
He said the government aims to ensure the implementation of sustainable practices in oil palm industry.
The six shelters are for Indonesian citizens, including migrant workers, who face issues in the country.
"Economic growth in 2023 is estimated at 5.3 percent."
Inviting more investment into the country and kicking off labor intensive projects are among the governments priorities.
BPS explained that the main driver of economic growth in Java is the industrial sector with a share of 1.9 percent and trade by 0.94 percent.
"The IUAE-CEPA presents opportunities for economic, trade, and investment growth."
The smelter will prioritize employing local residents in Tanah Bambu.
The investments have led to the employment of 12,030 workers and generated an export value of US$50 million.
For the region, ADB projects 5 percent growth in 2022, up from April's projection of 4.9 percent.
"We have a positive view of the prospects for investment in Indonesia going forward because we see that in recent years the economic reforms carried out by the Indonesian government have provided stability in Indonesia's macro economy"
Currently, the FMD red zones include 1,765 subdistricts.
Indonesia will try to push poultry export to Singapore.
Indonesias economy grew 5.01 percent in the first quarter of 2022 despite the uncertain global economic situation caused by the COVID-19 pandemic.
"We welcome increasing bilateral trade even amidst the pandemic."
The World Bank (WB) revised its 2022 economic growth forecast for Indonesia to 5.1 percent, from 5.2 percent due to the Russia-Ukraine war. The figure is slightly higher than the economic growth forecast for East Asia and the Pacific, at five percent
