Over 300,000 MSMEs Go Digital amid COVID-19 Pandemic
More than 300,000 micro, small, and medium enterprises (MSMEs) in Indonesia made the shift to digital platforms in wake of the COVID-19 pandemic, according to the Coordinating Ministry for Economic Affairs. Between May 14, 2020 and June 9, 2020, as many as 301,115 micro, small, and medium enterprises underwent a digital transformation, said Coordinating Minister for Economic Affairs, […]
Indonesia working on $1b solar-driven green economic recovery scheme
A think tank and the government are working on an ambitious billion-dollar plan to recover Indonesia’s virus-ridden economy by installing thousands of rooftop solar panels. The scheme ultimately entails installing panels with a combined capacity of 1 gigawatt of peak power GWp) a year for millions of Indonesia’s poorest households over the next four to […]
Bank Indonesia Cuts Interest Rate, Eyes More by Year End
Indonesia’s central bank has decided to cut its benchmark interest rate by 25 basis points to 4.25 percent after keeping it at 4.5 percent for the past three months, taking advantage of the country’s lowest inflation in almost two decades. Bank Indonesia (BI) Governor Perry Warjiyo said the board of governors’ meeting on June 17-18 decided […]
Japfa gears business strategy toward overcoming impacts of pandemic
Publicly listed poultry company PT Japfa Comfeed Indonesia is gearing its business strategy toward overcoming the impacts of the COVID-19 pandemic on the economy. In addition to working to improve the efficiency of its production and internal operations, it will also continue to focus on its core business, as it sees the low-level of animal […]
Saving the Economy Post Covid-19: Pitfalls and Challenges
By Arwin Rasyid The impact of the Covid-19 pandemic on business has been massive, simultaneous and indiscriminate, affecting not only micro, small and medium enterprises (MSMEs), but also large corporations and even state enterprises. A wave of layoffs has occurred and almost all sectors have experienced a decline in turnover, with many businesses facing temporary […]