Business News

Indonesian exports surge in April on higher commodity prices

Indonesia's exports racked up their strongest rise in 11 years in April, boosted by a surge in prices of key commodities such as palm oil and copper, though the unexpectedly robust figure is not expected to change the central bank's policy settings.The resource-rich nation's shipments rose 51.94% on a yearly…

Government positive economic recovery on horizon

The Indonesian government is optimistic the economy will grow positively this year with indications of an improvement emerging amid the pandemic and containment measures, which have plunged the global economy into a deep contraction. After Indonesia recorded its first coronavirus cases in March, 2020, economic growth spiraled to minus 5.32…

Erick Thohir Wants ECT Expo 2021 to Become the Locomotive of the Halal Industry

Minister of BUMN and Chairman of the Central Board of the Sharia Economic Community, Erick Thohir, inaugurated the online opening of the Eid Al Fitr Creative and Tourism (ECT) Expo 2021. The event, which is held the day after the Eid holiday, is expected to be able to restore and…

Shopee Indonesia closes 13 product categories of foreign goods

Top e-marketplace Shopee Indonesia has closed off 13 product categories from foreign products in following government orders to protect local micro, small and medium enterprises (MSME).As of Tuesday (May 18), the closed categories include Muslim clothes, outerwear, veils, mukena (head-to-toe prayer gowns), prayer accessories, batik and kebaya (traditional blouses), among…
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