Business News
Pricing Formula, Vessel Ownership Among Competition Hurdles in Logistics Sector
Indonesia’s logistics sector is still facing various competition hurdles such as pricing regulations and obligatory vessel ownership, to name a few, according to the Organization for Economic Cooperation and Development, or OECD.The OECD has recently run a competition assessment across Indonesia’s logistics subsectors, including maritime freight transport and small package…
Indonesia's digital economy to grow eight-fold by 2030: Trade Minister
Indonesia’s digital economy is predicted to grow up to eightfold from 632 trillion Rupiah (44.4 billion USD) in 2020 to 4,531 trillion Rupiah (319 billion USD) by 2030, Minister of Trade Muhammad Lutfi has said. "E-commerce will play a crucial role (by contributing) 34 percent, or 1,900 trillion Rupiah (to the…
Indonesia: Managing oceans sustainably supports our livelihoods
Today is World Oceans Day and we celebrate the ocean and the livelihoods it underpins. As an island nation, Indonesia has one of the world’s longest coastlines, boasting the highest diversity of corals and mangroves. These ecosystems are assets that sustain the nation’s economy, prosperity, and resilience in measurable ways.Mangroves…
May Consumer Confidence Index in positive zone at 104.4: BI
The Bank Indonesia Consumer Survey (SK) in May 2021 showed that consumer optimism about economic conditions had continued to strengthen. This was mirrored in the May 2021 Consumer Confidence Index (IKK) of 104.4, or an increase from the April 2021 IKK of 101.5. According to an official statement from Bank…
