Business News

Jokowi Opens First Toll Road in North Sulawesi, Hopes for More Investment, Competitiveness

President Joko “Jokowi” Widodo on Tuesday inaugurated the Manado-Danowudu section of the Manado-Bitung toll road, the first highway in North Sulawesi. The new toll road section connecting the provincial capital and Danowudu in Ranowulu district spans 26 kilometers, 65 percent of the 40-kilometer Manado-Bitung toll road. “Once the Manado-Bitung toll…

Digitalizing Indonesia's Mom-and-Pop Economy Draws Investors

Startups that aim to digitalize Indonesia’s smaller businesses continue to attract investor money even amid the coronavirus pandemic. BukuWarung, a bookkeeping app provider for Indonesian micro, small and medium-size enterprises (MSMEs), on Tuesday announced that it had raised an unspecified amount of capital from global investors after graduating from Y-Combinator,…

Brewing Tension: Coffee Producers Call for Help as Virus Saps Demand

Indonesia’s coffee producers and farmers are calling for support, including financing and product absorption, to weather the pandemic’s dire effects on upstream coffee demand. Rahmah of Ketiara Cooperatives in Central Aceh said on Wednesday that some 400 tons of coffee were being held under a warehouse receipt, 150 tons of…

Car Manufacturers Eye Export Market Amid Bleak Domestic Sales

Indonesian carmakers are looking at the export market to boost sales and increase factory utilization rates as the COVID-19 pandemic is projected to continue wreaking havoc on the domestic car market. Association of Indonesian Automotive Manufacturers (Gaikindo) secretary-general Kukuh Kumara said on Monday that the country’s carmakers were working with…
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