Business News

How Indonesia plans to benefit from EFTA trade deal

The House of Representatives has recently approved a draft trade deal with the four-member European Free Trade Association (EFTA) that is expected to facilitate foreign investment and liberalize trade in goods and services, particularly commodities such as palm oil and raw metals.The Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) was approved…

Vaccination aids in bolstering recovery of creative economy: Uno

Jakarta (ANTARA) - Administering vaccination to cultural and art workers will expedite Indonesia's endeavors to usher in recovery of its creative economy sector as it is a notable contributor to the economy, Tourism and Creative Economy Minister Sandiaga Uno stated. "We are optimistic of maintaining the sector's contribution to Indonesia's…

Indonesian logistics firms ride e-commerce boom to survive pandemic

Despite suffering a free fall in revenue in the early days of the pandemic, some logistics companies have managed to survive by taking advantage of a boom in online shopping brought about by government mobility restrictions.The Indonesian Logistics Association (ALI) reported that logistics volumes were down 60 to 70 percent…

Govt Preps Perpres to Boost Entrepreneurship

Cooperatives and Small and Medium Enterprises Minister Teten Masduki announced Monday the government was formulating a Presidential Regulation (Perpres) on entrepreneurship in an attempt to boost the number of new entrepreneurs. Indonesia currently has 3.47 percent of entrepreneurs, which according to Teten, is still below expectations compared to neighboring countries…
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