Business News
Indonesia to make more regional development banks, pension funds Shariah-compliant as it eyes bigger Islamic economy
Indonesia is in a hurry to increase Islamic financial assets and, under orders from vice president Ma’ruf Amin, the National Committee for Islamic Economy and Finance (KNEKS) will take a progressive approach.Islamic commercial banking assets stood at 593,948 billion rupiah at the end of 2020, making up 6.47% of the…
Bappenas Projects 6 Percent Economic Growth in 2022
The National Development Planning Agency (Bappenas) in a virtual meeting on Thursday has officially projected Indonesia’s 2022 economic growth to be between 5.4 to 6 percent. The government’s work plan is focused on the national post-pandemic economic recovery. “The IMF along with a number of international institutions have predicted that…
ASEAN, Italy launch development partnership
The Association of Southeast Asian Nations (ASEAN) and Italy recently convened the first meeting of the ASEAN-Italy Development Partnership Committee (AI-DPC) in the form of a videoconference. The event marked the launch of ASEAN-Italy formal partnership where both sides identified a number of projects and programmes of mutually beneficial cooperation.…
Proud Program Made in Indonesia Helps MSMEs Facing the Covid-19 Pandemic
The Ministry of Trade (Kemendag) together with the Indonesian E-commerce Association (idEA) are helping micro, small and medium enterprises (MSMEs) to sell online in the midst of the COVID-19 pandemic. The Ministry of Trade has issued Letter No. 77 / PDN / SD / 3/2020 concerning Assistance for MSME Players.…
