Business News

National economic growth is on right track: Kadin

National economic growth is already on the right track and is headed towards positive growth, according to Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for National Entrepreneur Development, Arsjad Rasjid. "The growth in gross domestic product (GDP) in the first quarter of 2021, which was minus…

Indonesia convenience store Alfamart seeks 'new economy' growth

Major Indonesian convenience store chain Alfamart has prospered by meeting the daily needs of local consumers through its ubiquitous and well-stocked stores.But now, as Southeast Asia's largest economy is increasingly transformed by technology, Alfamart operator Sumber Alfaria Trijaya is seeking to seize opportunities by tapping into "new economy" growth areas…

Indonesia's electricity body PLN pledges carbon neutrality by 2050

State-owned electricity monopolist PLN has pledged to become carbon neutral by 2050 with a plan to phase out fossil fuel-fired power plants and use more renewable energy in its networks.PLN president director Zulkifli Zaini said the company was planning to develop new solar and wind power plants, mix biomass with…

Electric motorbikes to lead EV adoption in Indonesia

The demand for electric motorcycles is projected to pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become cost-competitive with regular motorcycles by 2022, a study has shown.The study by consulting firm McKinsey & Company showed that the total cost of owning an electric two-wheeled…
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