Business News
Indonesia Expects to Ratify Trade Deal with EFTA Soon to Attract New Investment
The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the COVID-19 crisis. After seven years of negotiations, the agreement between Indonesia and the European Free…
To Increase Business Productivity, the Ministry of Manpower Launches the SIPRONI Application
The Ministry of Manpower launched the Latest Productivity Service Information System (SIPRONI) application in Bekasi Regency, West Java, Wednesday (03/12/20). This application aims to identify quickly the need for increasing the productivity of each business sector. The Director General of Training and Productivity of the Ministry of Manpower, Budi Hartawan,…
Foreign Tourist Arrivals, Hotel Occupancy Rate Yet to Recover in October: BPS
Tourism has yet to recover from the pandemic-induced slump, with foreign tourist arrivals and hotel occupancy rate remaining below normal levels, Statistics Indonesia (BPS) data have shown. Foreign tourist arrivals picked up slightly to 158,200 in October, an increase of 4.57 percent month-to-month (mtm) from September, according to BPS. However,…
Indonesia's Textile-Apparel Sector Contracts 8.37% in Q2
Indonesia’s textile and textile products sector, which has contributed significantly to economic growth, contracted by 8.37 per cent in the second quarter of 2020 as a result of a decline in domestic consumption and exports in the sector, according to industry ministry data, which showed the sector bounced back to…
