Business News
Sharia Economy to Become ‘New Wave’ of Indonesia’s Economy: VP
The sharia economy could become the “new wave” of Indonesia’s economy and strengthen the country’s economic resilience, Vice President Ma’ruf Amin has said. He cited a Boston Consulting Group (BCG) estimate that there were 64.5 million middle-class Muslims in Indonesia in 2020. This presents a huge opportunity for sharia finance,…
Italy Defense Budget Rebounds Despite Coronavirus Crisis
Italy has announced a major boost to its defense budget even as the country spends millions of euros battling the devastating effect of COVID-19 on its economy. Overall defense ministry spending is up 9.6 percent this year to €15.3 billion (U.S. $18.1 billion), with the procurement budget emerging as the…
Socialization of Minister of Home Affairs Regulation Number 22 of 2020 and Socialization of Guidelines for Mapping Government Affairs in the Framework of Regional Cooperation
The National Support for Local Investment Climates / National Support for Enhancing Local and Regional Economic Development (NSLIC / NSELRED) project and the Ministry of Home Affairs of the Republic of Indonesia held a socialization on Permendagri No.22 of 2020 and socialization of guidelines for mapping government affairs in the…
Halal Industry; Jokowi Calls For Improvement of Ecosystem, Regulation, and HR
President Joko "Jokowi" Widodo lamented the great potential of Indonesia’s halal industry that has not been fully exploited. Hence, he stressed that integrated and comprehensive development is necessary.“The industrial ecosystem needs to be restored, the regulation must be efficient, and the human resources must be prepared,” said the president in…
