Business News
Building the Indonesian Sharia Economy Brand Equity
This year is set to be a remarkable year for the development of sharia economy and finance in Indonesia. Together with the launch of the National Cash Waqf Movement, President Joko “Jokowi” Widodo welcomed the inauguration of the Sharia Economy brand on Jan. 25. The President, who also chairs the…
Indonesia Launches Soft Loan to Revive Bali's Tourism Industry
Indonesian Tourism and Creative Economy Minister Sandiaga Uno said on February 16 that the country will roll out a soft loan worth 9.4 trillion Rp (670 million USD) to accelerate tourism recovery in Bali, where 80 percent of population make a living in the sector. Earlier, Sandiaga Uno met with…
Indonesia Taps Seasoned Banker to Manage Multibillion-Dollar Sovereign Wealth Fund
President Joko “Jokowi” Widodo has introduced the board of directors tasked with managing Indonesia’s recently created multibillion-sovereign wealth fund, tapping a seasoned banker to lead it, as the country aims to lure global investors to Southeast Asia’s largest economy. Ridha DM Wirakusumah, until recently the president director of private lender…
Indonesia Sets Up Two More Special Economic Zones
The Indonesian National Council for Special Economic Zones has approved two new special economic zones (SEZs), namely the Lido in West Java and the Java Integrated Industrial Ports and Estate (JIIPE) in East Java. Indonesian coordinating minister for economic affairs Airlangga Hartarto explained, Lido would be a tourism SEZ with…
