Business News

Realization of economic recovery budget reaches Rp172.35 trillion

Realization of the national economic recovery budget (PEN), as of May 11, 2021, had reached Rp172.35 trillion, Coordinating Minister for Economic Affairs Airlangga Hartarto stated. Following a limited ministerial cabinet meeting at the Presidential Palace Complex, here on Monday, Hartarto notified the press that the realization had increased by Rp49.01…

Gojek, Tokopedia Create GoTo in a Landmark Merger Deal

Indonesian digital services company Gojek and Tokopedia have unveiled on Monday that they had agreed to combine the former's mobile on-demand services and payments platform and the latter's marketplace into GoTo Group, creating a new $18-billion entity that encompasses about two percent of the country's economic output. Gojek and Tokopedia…

The government will auction 6 new SPAMs in the near future

The Ministry of Public Works and Public Housing (PUPR) stated that the government cooperation scheme with business entities (PPP) will contribute nearly 40 percent of the construction of the new drinking water supply system (SPAM) until 2024. Head of Sub-Directorate for Technical Planning for SPAM, Ministry of PUPR, Dades Prinandes…

March retail sales up 6.1%: BI survey

Bank Indonesia’s Retail Sales Survey (SPE) has indicated an increase in monthly retail sales in March this year compared to the previous month. “Real Sales Index (IPR) March 2021 grew 6.1 percent (mtm), increasing from the previous month's growth of minus 2.7 percent (mtm)," executive director of the central bank’s…
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