MSMEs play major role in global economic recovery
Jakarta – Micro, small and medium enterprises (MSMEs) make up 99 percent of all Indonesian businesses, accounting for more than 60 percent of the GDP and investment in the country. With 97 percent of all national employment coming from MSMEs, their continued presence and survival…
Indonesia should build investor-friendly political system: Bappenas
Jakarta – Indonesia should create a friendly environment for investors from developed countries, especially in terms of the political system, officials at the National Development Planning (PPN) Ministry and National Development Planning Agency (Bappenas) stated. The political system here means the regulatory framework for policies…
Forex Reserves Moves Up in June, but Further Rupiah Depreciation Expected
Jakarta – Bank Indonesia, the country’s central bank, reported an increase in the country’s foreign exchange reserves to $136.4 billion at the end of last month, up xx percent from $135.6 billion a month earlier. “The increase of official reserve assets position in June 2022…
With apps dominating the digital world, preventing cyber attacks is critical
By Debin GaoAssociate Professor of Computer Security at the Singapore Management University (SMU) Indonesians today do not think twice about buying online, whether it is food, medicine, clothes, or even household items. According to Statista, there were 4.6 billion online transactions in 2020 worth almost…
Gov’t readies Rp283 trillion for MSME business credit program
Garut, West Java (ANTARA) – Coordinating Minister for Economic Affairs Airlangga Hartarto said the government has prepared Rp283 trillion (US$19.6 billion) for the people’s business credit (KUR) program for developing micro, small, and medium enterprises (MSMEs). “The KUR is provided by the government with 3…
G20 agrees to set up global pandemic preparedness fund
LONDON, April 21 (Reuters) – G20 countries have provisionally agreed to set up a global fund for pandemic preparedness, likely to be housed at the World Bank. The US and Indonesia have been pushing for the establishment of such a fund to help the world…
Rp467.3 trillion allocated for 2023 national priority programs
Jakarta (ANTARA) – The National Development Planning (PPN) Ministry reported that Rp467.3 trillion (US$32.4 billion) has been allocated for the 2023 ministry/institutional (K/L) expenditure to complete national priority programs so no development project will be neglected. The amount will also be spent to support the…
B20 Indonesia adopts economic, digitalization and sustainable finance agenda for global business leaders
WASHINGTON, April 21, 2022 /PRNewswire/ — Business leaders in Indonesia will promote an agenda of global economic and trade collaboration, finance mechanisms to transition the world to clean energy, and investments in digitalization, in its role as chair of the B20 dialogue during 2022. The…
Indonesia imports, exports hit all-time high in March
JAKARTA – Indonesian imports and exports reached a new peak in March on surging global commodity prices fueled by a post-pandemic global economic recovery and the Ukraine war. Statistics Indonesia (BPS) said on Monday that exports rose 44.36 percent year-on-year (you) to US$26.50 billion, the…
Indonesia Delays Carbon Tax Amid Rising Inflation
Jakarta – The government’s decision to delay carbon tax implementation by three months has come as a relief to Indonesia’s economy, which already had to cope with rising fuel, cooking oil, and soybean prices as well as a value-added tax rate that increased by one percentage point this month. …