Indonesia among preferred markets in ASEAN, DBS says
Indonesia is still among the preferred Southeast Asian markets for investment amid the country’s continuous fight against COVID-19, backed by strong household spending and a young working population, Singapore’s largest bank, DBS, has stated. In a report titled “CIO Insights 3Q20” released on Monday, DBS…
Indonesia Nears Deal With Central Bank on Budget Deficit Funding
Jakarta -Indonesia’s central bank may buy billions of dollars of sovereign bonds at zero interest, or below its benchmark rate to help the government finance a wider deficit arising out of stimulus measures to counter the fallout of the coronavirus pandemic. Bank Indonesia may bear…
Gov’t Prepares for ‘Adaptive Bureaucracy’ Post-Pandemic
Jakarta. The government has been making adjustments in various sectors of the bureaucracy – including by relying more on the use of advanced technology – to prepare for life after the coronavirus pandemic. Administrative and Bureaucracy Reforms Minister Tjahjo Kumolo said the pandemic has already forced…
New Growth Sectors and Emerging Business Opportunities Post Covid-19
Jakarta – The Indonesia Economic Forum in collaboration with ZACD, Synthesis Communications Indonesia, Orbit Future Academy and Chairos International Ventures presented the webinar Series titled “Emerging Business Opportunities post Covid-19: A Golden Age For Entrepreneurs?” with Sandiaga Uno, former vice government of Jakarta and a…
Hotel Occupancy Rate in West Java Starting to Climb
Jakarta – The West Java Indonesian Hotel and Restaurant Association (PHRI) Chairperson Herman Muchtar on Monday said that the end of the large-scale social restriction (PSBB) had helped the hotel occupancy rate in Bandung increase to 60 percent the past weekend. He said that this surge of visitors was most felt last weekend;…
Indonesia’s LNG imports continue to rise despite economic downturn
Jakarta -Indonesia’s LNG imports are expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie. The country’s H2 2020 LNG imports could hit 3.1 million tonnes (Mt), a 1.2 Mt or 63% increase year-on-year. Despite a slow first quarter due to post-holiday…
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…
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…
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…
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…