Business News
Indef sees economy growing 2% in Q2, recession easing
The Indonesian economy will show positive growth of two percent (year on year) in the second quarter of 2021, economic observer with Institute for Development of Economics and Finance (Indef), Bhima Yudhistira, has forecast. The economy had contracted 0.74 percent in the first quarter of this year. "Our initial estimate is…
Kadin: A total of 22,736 registered companies for Mutual Cooperation Vaccination
Head of the Indonesian Chamber of Commerce and Industry, Rosan Roeslani, said that 22,736 companies had registered to participate in the Mutual Cooperation Vaccine program. This vaccination program was initiated by Kadin starting last January with the President and the Ministry of Health with the aim of accelerating herd immunity.…
Realization of economic recovery budget reaches Rp172.35 trillion
Realization of the national economic recovery budget (PEN), as of May 11, 2021, had reached Rp172.35 trillion, Coordinating Minister for Economic Affairs Airlangga Hartarto stated. Following a limited ministerial cabinet meeting at the Presidential Palace Complex, here on Monday, Hartarto notified the press that the realization had increased by Rp49.01…
Gojek, Tokopedia Create GoTo in a Landmark Merger Deal
Indonesian digital services company Gojek and Tokopedia have unveiled on Monday that they had agreed to combine the former's mobile on-demand services and payments platform and the latter's marketplace into GoTo Group, creating a new $18-billion entity that encompasses about two percent of the country's economic output. Gojek and Tokopedia…
