Omnibus Law on Job Creation Expected To Significantly Improve Investment Climate
SCCI Investment and Business Webinar JAKARTA -As Indonesia emerges from the Covid-19 pandemic, its economic growth prospects are looking brighter. Speaking during the Singapore Chamber of Commerce Indonesia webinar, Enrico Tanuwidjaja, Senior Economist, UOB Indonesia said Indonesia could speed up economic the recovery due to…
Indonesia Growth Prospects 2021: New Horizons
SCCI Investment and Business Webinar JAKARTA -Over the last decade, Indonesia has been a close partner for Singapore both in terms of government to government and business to business links. While Indonesia has not been able to attract interest in traditional sectors such us manufacturing,…
Deep Dive on Indonesia’s Gotong Royong Vaccination Program
What is the Gotong Royong Vaccination Program? The Gotong Royong Vaccination Program is a program that is aimed at companies/entrepreneurs to provide vaccinations for employees/employees’ families. This is an optional program as the Government has also established a National Covid-19 vaccination program which is given…
New Syariah Bank Hopes to Boost Indonesia’s Islamic Banking Sector
JAKARTA -More than a decade after launching the first Islamic Bank, Indonesia is once again attempting to create a vibrant Islamic financial sector in parallel with the traditional banking sector to attract new capital investments from the Middle East and Malaysia. On February 1st, President…
Growth Prospects For Indonesia Digital Economy Post Covid-19
Digital Transformations Becoming The Key for Post Covid-19 era Jakarta, 5 November 2020 – Indonesia’s digital economy has emerged as a key driver of GDP growth. Over the past two years, digital transactions have grown by a factor of times 10 in most categories. This…
Rebooting Indonesia’s economy in the post pandemic world
Francois de Maricourt, President Director, PT Bank HSBC Indonesia In every crisis, new opportunities emerge. The global Covid-19 pandemic has had a strong impact on global trade networks and shipping routes with logistics suppliers grappling with disruptions and economic slowdowns. The pre-Covid-19 globalized world has…
VAT on tech companies could net the Indonesian government S$1 billion a year in additional revenue
Indonesia’s move to levy a 10% VAT on tech companies operating within its jurisdiction would provide a boom for the government’s revenue collection in 2021 as its digital economy continues to grow at a rapid pace. According to tax experts and analysts, the additonal revenue…
Indonesia’s e-commerce marketplace player Bukalapak poised for next level of growth under new CEO
Rachmat Kaimuddin may have been destined for the job he currently holds. A graduate from MIT and Stanford University, Kaimuddin’s early career led him to work for the Boston Consulting Group and several private equity firms and the International Finance Corporation before landing at local…
VC Funding Continued To Flow To Indonesian Startup Amidst Covid-19
With over 2,000 start-ups, Indonesia has over the past few years been viewed as one of the top destinations for venture capital and private equity firms. The country ranks 5th in global start-ups rankings, attracting more US$8 billion (S$11.2 billion) in funding from 2016 to…
A Bold New Approach to Education
H. E. Nadiem Anwar Makarim, Indonesia’s Minister of Education and Culture One-On-One with Sachin Gopalan, Co-Founder & CEO, Orbit Future Academy Indonesia’s education system has received a bolt of change under Minister Nadiem Makarim. The former tech entrepreneur has introduced fresh thinking in how the…