Business News
Indonesia car sales rise 228 percent in May
Indonesia’s car sales jumped by 228 percent year on year in May 2021, while that of motorcycles increased 277 percent on an annual basis, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. The rise was thanks to the reduction of Luxury Goods Sales Tax (PPnBM) on some motorised vehicles…
Tech set to lead Indonesia growth
The information and communications technology (ICT) sector is expected to lead economic growth in Indonesia both this year and in 2022, as the Covid-19 pandemic has induced a faster-than-expected takeup of digital services.The ICT sector will grow by between 9.1 and 10.1 per cent this year and 9.8 to 10.3…
Indonesia invites ILO to bolster support to recover from COVID-19
Indonesian Manpower Ministry's Secretary General Anwar Sanusi at a meeting of the Non-Aligned Movement encouraged the International Labor Organization (ILO) to bolster support for member nations to recover from the impact of COVID-19. Sanusi made the statement when the Indonesian government, through the Ministry of Manpower, attended the Virtual Ministerial…
Jokowi Passes Law Blocking Capital Investments for Liquor Industries
President Joko “Jokowi” Widodo has officially ratified presidential regulation (Perpres) No.49/2021 - which revises a previous Perpres (No.10/2021) that is one of many derivatives from the Job Creation Law (Cipta Kerja) - that states liquor industries are closed-off for capital investments. Article 2 of the latest Perpres specifically states that…
