Business News
The Ministry of Trade Aims for 6.3% Non-Oil and Gas Export Growth This Year
The Indonesian economy is estimated to start recovering this year. In line with this, the Ministry of Trade is targeting the non-oil and gas export performance in 2021 to grow 6.3% compared to the realization in 2020 of US $ 155 billion. This means that this year's non-oil and gas…
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…
