Indonesia Logistics Market Revenues Forecast, 2020-2024
According to a report by Ken Research, Indonesian logistic market is expected to get a notewortht CAGR of 7.9 per cent in revenue to reach US$ 300.3 billion by the year 2024. This includes freight transport, freight forwarding, warehousing, courier, express and parcel (CEP), value…
Indonesian’s Online Shopping Interest Trend During Pandemic Period
iPrice research team trace Indonesian’s online shopping interest on several products during COVID-19 period. iPrice use Google Analytic’s impression data as instrument to capture online shopping interest. This trend compare interest during March 2020 versus Fabruary 2020. Among the most interesting products are hand sanitizer…
IEF Business Leaders Confident Index Series: Business Leaders Brace for Tough Times Ahead
As the Indonesian government continues to battle the Covid-19 health crisis, it is also facing another battle front with the economy now most likely to face a recession. Across all industries and sectors, the outlook is gloomy at best with business leaders grappling to find…
IEF Business Leaders Confident Index Series Business Leaders Brace for Tough Times Ahead
As the Indonesian government continues to battle the Covid-19 health crisis, it is also facing another battle front with the economy now most likely to face a recession. Across all industries and sectors, the outlook is gloomy at best with business leaders grappling to find…
Bank Indonesia Strikes Deal for Repo Line From US Fed
Bank Indonesia, the country’s central bank, has struck a deal for a $60 billion repurchase facility with the New York Federal Reserve as a second line of defense to prop up the country’s dollar liquidity during the global shortage triggered by the Covid-19 pandemic. Bank Indonesia Governor Perry Warjiyo said Indonesia…
‘Break the chain!’: Businesses brace for Jakarta’s social restrictions
Essential-needs businesses have promised smooth services with retail stocks sufficient at least until May as Jakarta, Indonesia’s economic powerhouse, will enforce large-scale social restrictions starting Friday to slow down the spread of COVID-19. The Jakarta Post spoke to businesspeople in sectors related to cash, fuel, food,…
Indonesia borrows 7 billion USD to support COVID-19 fight
Indonesia will receive loans worth about 7 billion USD from the World Bank, the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) to finance its fight against the raging COVID-19 pandemic. Indonesia will receive loans worth about 7 billion USD from the World…
Indonesia Gets Innovative in Raising $62 Billion for Virus Fight
The United States leads the world in cases of COVID-19. We’ll provide the latest updates on coronavirus cases, government response, impacts to our daily life, and more. What is the latest news? Trump’s Plan to Reopen the Nation Gives Governors Broad Authority to Lift Coronavirus…
Tens of thousands of workers across Indonesia laid off because of COVID-19 outbreak
Tens of thousands of workers across Indonesia have lost their jobs as economic activity slows to a crawl as a result of the COVID-19 outbreak. In Central Java, 24,249 workers have been laid off while 191 companies employing 148,791 workers have been affected by the…
Will the latest COVID-19 stimulus package boost business activities?
Indonesia has scrapped a budget deficit cap introduced after the Asian financial crisis to help shield the economy from the outbreak, where budget deficit cap has been pushed to 5 percent of GDP this year. This allowed the government to allocate 405.1 trillion rupiah ($24.8…