Business News

Govt Urges Private Sector to Pay Eid Allowances for Workers

Coordinating Minister for Economic Affairs Airlangga Hartarto in Wednesday’s press conference strongly urged businesses to pay the Eid allowances, or locally known as THR - a religious holiday allowance - to their workers. The minister asserted that private sector corporations must adhere to this call as the government had granted…

Invest Long-Term in Equities to Benefit From Indonesia's Economic Boom: Sandiaga Uno

Today, the Indonesian young generation stands to benefit from its rapid growth and capital market development that present ample investment returns in the next few decades, Tourism and Creative Economic Minister Sandiaga Uno said on Wednesday. Sandiaga, one of Indonesia's richest people, urged the young people aspiring to become financially…

Asean Leads by Example in Sustainable Vegetable Oil: Indonesia

Indonesia once again spoke up against the singling out of palm oil, with the second round discussion on the vegetable oil —between European Union, or EU, and Asean— coming up this April.The issue of sustainable palm oil has been a hot topic between Asean and the EU. Both blocs agreed…

Vaccines seen helping Singapore and Indonesia rebound: survey

Asian economists have revised upward their growth forecasts for the economies of Singapore and Indonesia, thanks to quicker rollouts of coronavirus vaccines, a recent survey shows.The Japan Center for Economic Research and Nikkei conducted a quarterly survey from Mar. 5 to 26, collecting a total of 40 answers from economists…
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