Govt Assures Plenty of Rice Stocked for May
The Ministry of Agriculture has ensured the availability of rice throughout May 2020 to remain secure, as 3.5 million tons of rice have been stocked. The Minister of Agriculture, Syahrul Yasin Limpo, has assured the Indonesian people of food security during the COVID-19 pandemic, thereby guaranteeing food…
Indonesia exempt international routes from flight ban
Indonesian authorities have prohibited domestic air travel from April 24 to June 1, representing a major change for a market that has so far been less affected by COVID-19-related flight suspensions than many other countries. The move is part of a larger effort to restrict…
Northstar Group secures first tranche of $800 million to be invested in Indonesia, SE Asia
Indonesian private equity firm Northstar Group announced the closure of its fifth flagship funds to be invested in companies and start-ups working on COVID-19 recovery and sectors such as consumption, digital economy and finance. The funds, representing one-third of the company’s US$800 million target, will be invested in…
Indonesia and COVID-19: What the World Is Missing
Yes, the Indonesian government has stumbled. But civil society has been rising to the occasion. “For every tourist lucky to leave there are millions of Indonesians with no way out” — this was the conclusion of an ABC News report in late March into the…
ADB approves US$1.5b loan to support Indonesia’s pandemic response
The Asian Development Bank (ADB) has approved a US$1.5 billion loan to support Indonesia’s efforts to combat the impact of the COVID-19 pandemic on public health and the economy. ADB president Masatsugu Asakawa said on Thursday the pandemic had a devastating health, social and economic…
By invitation: Kishore Mahbubani
The West’s incompetent response to the pandemic will hasten the power-shift to the east HISTORY HAS turned a corner. The era of Western domination is ending. The resurgence of Asia in world affairs and the global economy, which was happening before the emergence of covid-19,…
Indonesia Logistics Market Revenues Forecast, 2020-2024
According to a report by Ken Research, Indonesian logistic market is expected to get a notewortht CAGR of 7.9 per cent in revenue to reach US$ 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…