Business News
Electric vehicle uptake to lower current account deficit: DEN
The increased uptake of electric vehicles will lower the consumption of fuel oil, thereby reducing Indonesia's current account deficit, a member of the National Energy Council (DEN) representing stakeholders Satya Widya Yudha stated. "If we can have two million electric motorcycles, two thousand electric cars, and 600 electric buses, we…
Investment minister upbeat Lebak to become new economic growth zone
Investment Minister Bahlil Lahadalia is upbeat that Lebak District, Banten Province, will become a new economic growth zone, following the construction of a toll road connecting Jakarta and Lebak. "The construction of the first segment of the toll road will be inaugurated in July 2021, while segments two and three…
National economic growth is on right track: Kadin
National economic growth is already on the right track and is headed towards positive growth, according to Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for National Entrepreneur Development, Arsjad Rasjid. "The growth in gross domestic product (GDP) in the first quarter of 2021, which was minus…
Indonesia convenience store Alfamart seeks 'new economy' growth
Major Indonesian convenience store chain Alfamart has prospered by meeting the daily needs of local consumers through its ubiquitous and well-stocked stores.But now, as Southeast Asia's largest economy is increasingly transformed by technology, Alfamart operator Sumber Alfaria Trijaya is seeking to seize opportunities by tapping into "new economy" growth areas…
