Business News
Expert Advises Lockdown, Argues Economic Rescue Scenario Possible
The increasing number of coronavirus cases caused by the new delta strain motivated a plethora of public figures to call for a lockdown. An economist from Institute of Development on Economics and Finance (Indef), Bhima Yudhistira, suggested the President make the call as he argued it would reduce the risk…
Digital Payments to Aid Indonesia’s Economic Recovery
In the last ten years, technological disruption in the financial sector has given birth to new types of digital payments, which has subsequently encouraged the adoption of digital transactions. In Indonesia, digital payment is becoming increasingly popular.About three decades ago, banks began to adopt digital channels such as phone, SMS,…
Indonesia plans to launch its own gold bank by 2024
Indonesia, one of the world's largest gold mines, plans to set up a gold bank to encourage domestic trade in precious metals. Trade Minister Mohammad Ludfi said the government was in talks with various parties, including the central bank and the mining industry, to launch the bank by 2024. “Our…
Jokowi Discloses Reasons for Choosing Micro PPKM over Lockdown
President Joko "Jokowi" Widodo disclosed reasons for enforcing the policy of public activity restrictions on a micro-scale or Micro PPKM instead of lockdown or the Large-Scale Social Restrictions (PSBB). The economy is one of the government’s considerations. “Why did the government decide on Micro PPKM? Because the government sees that…
