Indonesia to Tap domestic market, investment to tackle COVID-19 impact
The Coronavirus (COVID-19) outbreak hitting China, the world’s second-largest economy, since January-end 2020 has hindered the recovery of the global economy from the impacts of the US-China trade war that had slowed down. The Coronavirus (COVID-19) outbreak hitting China, the world’s second-largest economy, since January-end…
‘Not worried’: Airlangga Hartarto Downplays US’ Revocation of Indonesia’s Developing Nation Status
Coordinating Economic Minister Airlangga Hartarto says the United States’ decision to no longer recognize Indonesia as a developing country would not affect the country much, despite the potential effects the decision would bring. Coordinating Economic Minister Airlangga Hartarto says the United States’ decision to no…
Indonesia Looks to Revamp State Firms to be More Profitable
Indonesia is looking to boost the profitability of state companies by merging or closing underperforming firms and their units. Indonesia is looking to boost the profitability of state companies by merging or closing underperforming firms and their units, the ministry of state-owned enterprises said on…
Analysts ‘expect GDP to dip below 5%’ as viral outbreak derails global economy
The country’s tourist sector has taken a hit amid the novel coronavirus outbreak in China that has spread to other countries, as more trip and hotel booking cancellations have been reported following travel bans on tourists to and from China. The Indonesian economy is projected to slow further this…
Air Carriers Reflect on Flight Ban Amidst Coronavirus Crisis
Indonesian air carriers are reviewing the effects of the temporary travel ban to China imposed by the government, which was initially implemented to prevent the spread of novel coronavirus from China’s province of Wuhan. Indonesian air carriers are reviewing the effects of the temporary travel ban…
The Digital Economy of Indonesia; What Makes Indonesia a Superb Playground for Companies & Investors in Online Business Activities?
Internet has opened the doors to an enormous amount of information and data that are readily available by only a click or two (thereby completely changing the way people access and consume information). Moreover, Internet users do not need to be consumers of what is…
Indonesia’s productivity lower than ASEAN countries, Japanese company survey says
Indonesia’s productivity in the manufacturing industry is lower than that of its peers in Southeast Asia, a survey conducted by the Japan External Trade Organization (JETRO) has found. Indonesia’s productivity in the manufacturing industry is lower than that of its peers in Southeast Asia, a…
Australia’s Monash to Open Indonesia’s First Foreign University Campus
Monash University has won approval to set up the first foreign university campus in Indonesia, the Australian institution said on Monday, as Southeast Asia’s biggest economy moves to free up areas of restricted investment. Monash University has won approval to set up the first foreign…
Australia, Indonesia Move to Implement Trade Deal
Australia and Indonesia announced a 100-day plan on Monday to implement a long-awaited trade deal, as the two countries hailed a “new beginning” for their sometimes troubled relationship. Australia and Indonesia announced a 100-day plan on Monday to implement a long-awaited trade deal, as the…
Reform Even More Pressing as Indonesia Misses 2019 Growth Target
Indonesia’s economy expanded by 5.02 percent in real terms last year, missing the government’s growth target and posting its slowest growth in four years as exports contracted while investment and manufacturing stalled, the Central Statistics Agency said on Wednesday. Jakarta. Indonesia’s economy expanded by 5.02 percent…