Indonesia’s Textile and Clothing Export Predicted to Drop by 10 pct
JAKARTA, March 27 – Indonesia’s textile and apparel export is forecast to decline by 10 percent from $12 billion in 2022 to around $11 billion this year, according to the Indonesian Fiber and Filament Yarn Producers Association or APSyFI. The association attributed the declining exports to the drop of 40-50 percent since early this year […]
Kadin pushes regional QR Code at ASEAN-BAC Meeting
Magelang, March 22 – The Indonesian Chamber of Commerce and Industry (Kadin) called for the adoption of the ASEAN Quick Response (QR) Code by all ASEAN countries at the ASEAN Business Advisory Council (BAC) Meeting on Wednesday. “The transactions carried out via ASEAN QR Code will use local currencies,” the chairperson of Kadin, Arsjad Rasjid, […]
Indonesia passes jobs decree into law, easing investment uncertainty
JAKARTA, March 21 – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy. The new law replaces the 2020 Jobs Creation law, which was praised by foreign investors for streamlining business […]