Indonesian exports surge in April on higher commodity prices
JAKARTA -Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by a surge in prices of key commodities such as palm oil and copper, though the unexpectedly robust figure is not expected to change the central bank’s policy settings. The resource-rich…
GoTo will invigorate Indonesia’s stock market, but may need organizational restructuring, experts say
JAKARTA -It has been a momentous few days for Indonesia’s tech ecosystem as the country’s two most valuable tech companies, Gojek and Tokopedia, finally tied the knot to form a new entity called GoTo. The firms picked the right time for this announcement: it was…
Indonesia, Pakistan ink MoU to intensify bilateral trade
JAKARTA -The Indonesian Embassy in Islamabad and Pakistani e-commerce company, E-commerce Pvt Ltd, inked a memorandum of understanding (MoU) to further explore collaboration to facilitate efforts to boost trade between Indonesia and Pakistan. Based on the MoU signed on Wednesday (May 19), the Indonesian embassy…
Pertamina Geothermal eyeing production of green hydrogen
JAKARTA -Pertamina Geothermal Energy (PGE) is starting to seriously look into the green hydrogen development in Indonesia, so a report by Kata Data. To realize this ambition, PGE needs an initial investment of around US $ 5 million or Rp 71.8 billion. PGE President Director Ahmad…
The Power of Education to Transform Societies
JAKARTA -In The Fireside Chat Session with Ilham Habibie, Co-Founder of Orbit Future Academy on 2nd Annual Indonesia Education Forum 2021, Minister Nadiem Makarim delivered a passionate call for change in thinking and practice to transform the world’s 4th largest education system. Technology, he noted,…
Open unemployment rate slides to 6.26% in February
JAKARTA -Indonesia’s open unemployment rate dropped to 6.26 percent in February, 2021 from 7.07 percent in August, 2020, according to a survey conducted by the Central Statistics Agency (BPS). “The open unemployment rate in February, 2021 stood at 6.26 percent, falling from 7.07 percent recorded…
Indonesia’s Q1 GDP contracts 0.74%, on track to recovery
JAKARTA -The Indonesian economy saw the latest in a series of diminishing contractions in the first quarter of 2021, staying on course for an economic recovery as the government kept up its fiscal support and ramped up the COVID-19 vaccination drive to allow people and…
Inflation Picks Up to Fastest Pace in Three Months Ahead of Idul Fitri
JAKARTA -Indonesia has seen inflation accelerated to its fastest pace in three months in April, as demand for foods and clothes during the Islamic fasting month of Ramadan picked up and drove up the commodities’ prices. The consumer price index — a composite measure gauging price level from…
Digitizing The Nation, Telkom Indonesia Posted 11.5% Growth in Net Income During Pandemic
JAKARTA -As industrial conditions remain battered by the COVID-19 pandemic, which continues to rage in Indonesia, PT Telkom Indonesia (Persero) Tbk (Telkom) managed to record a good performance by yielding positive income growth, with its EBITDA (Earning Before Interest, Tax, Depreciation, and Amortization) and net income…
Naver Invests $150m in Indonesian Media Firm
JAKARTA – Naver Corp., South Korea’s top internet portal operator, said Wednesday it has made a strategic investment of $150 million in Indonesian media giant Emtek to strengthen its foothold in the Southeast Asian market. Emtek operates broadcast channels, as well as the over-the-top service…