Business News

GOVERNMENT URGES 'EXPLOITATION' OF START-UPS TO DRIVE REGIONAL TOURISM, ECONOMIES

The government is pushing regional administrations to exploit the country's numerous digital start-ups to boost local tourism and empower local economies to drive economic growth. The digital economy was key to the global tourism industry, as well as Indonesia's tourism industry, as it helped the sector to grow more rapidly…

Draft Regulations for Job Positions of Foreign Workers in Indonesia

On March 14, 2019, the Indonesian Italian Business Association (IBAI) was invited by the Indonesian Ministry of Manpower with other international chambers such as the American Chamber (AmCham), Australia Indonesia Business Council (IABC), Canadian Chamber of Commerce (ICCC), European Rooms (EuroCham), French Indonesia Chamber of Commerce and Industry (IFCCI),  Jakarta…

Jokowi Considers Establishing Ministries for Investment, Exports

President Joko “Jokowi” Widodo said he was considering forming new ministries to tackle a decline in investment and weak export growth. Jokowi, who is seeking reelection in the April 17 presidential election, said he had shared the idea with ministers recently. “I expressed it last week during a Cabinet meeting…

Developers Focus on Apartments with Prices Below Rp 1b

Property developers are focusing on building apartments costing less than Rp 1 billion (US$70,042) in order to expand their markets, business players. “Middle-income people are now the largest market segment in the property business,” said PT Summarecon Agung corporate secretary Jemmy Kusnadi in Jakarta on Monday as quoted by kontan.co.id.…
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