Business News

Indonesia’s $3.7B Food Delivery Market Largest in Region

Indonesia had the largest food delivery service market in Southeast Asia in 2020 in terms of gross merchandise value (GMV), according to a report by venture capital firm Momentum Works. The GMV of the country’s food delivery services was US$3.7 billion, accounting for about 31 percent of the total food…

Come Work from Bali, Minister Says, As Government Eyes Tourism Recovery despite Pandemic

Tourism and Creative Economy Minister Sandiaga Salahuddin Uno has asked businesspeople to consider working from Bali to help revive the resort island's economy, which has been hammered by the pandemic. “I invite businesspeople and professionals to consider working from Bali for two reasons, first is because we can work efficiently…

EU Sustainable Investment Rules Need Better Corporate Data: Banking Report

European Union rules aimed at defining sustainable investments should help reduce “greenwashing” by businesses, but better quality corporate data is needed to ensure they work effectively, a banking report said on Tuesday. The sustainable finance rules will classify investments that can be marketed as sustainable, a move aimed at steering…

Mining Sector Supports Eastern Indonesian Economy During Pandemic

The Indonesian economy in the eastern region is considered to have resilience during the Covid-19 pandemic. Economic resilience in the region is supported by the potential for natural resources and the increase in added value from the mining industry. "The economy in the eastern region is able to survive, supported…
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