Business News

Indonesia to Launch Sovereign Wealth Fund in January Next Year

Indonesia will launch its own sovereign wealth fund in January next year as the government seeks to attract more investment and support the economy amid the coronavirus pandemic. Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo said on Tuesday the government would soon establish the fund to handle government investments. The…

Car Sales Rise Strongly in September amid Massive Year-on-Year Drop

Domestic car wholesales are continuing their upward trend after crashing to the lowest point in May as the government has sped up stimulus disbursement to boost purchasing power while the Jakarta administration has loosened the reins on measures to contain the coronavirus. Car wholesales grew 30.4 percent month-to-month (mtm) to…

In the Midst of Pandemics, Patimban Subang Port will be Inagurated, It is Expected to Boost the Economy

West Java Governor Ridwan Kamil said that Phase I of the construction of Patimban Port in Subang Regency would be inaugurated by President Joko Widodo in early November 2020. The inauguration will further stretch the economy in the export sector, which has been doing well during the pandemic. The governor…

BPS: Agricultural Sector Exports Grow 20.84 Percent

The Central Statistics Agency (BPS) noted that the growth of agricultural product exports increased by 20.84 percent compared to the previous month of August 2020 (M to M). This significant increase was contributed by a significant increase in export volume, including several horticultural products such as annual vegetables and fruits,…
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