Business News
Indonesia touts 'Work from Bali'
An Indonesian ministry will introduce a “Work From Bali” programme for civil servants aimed at helping to revive the island’s battered economy.The Coordinating Ministry for Maritime and Investment Affairs will start with a pilot project in Nusa Dua, once a prime location for major conferences including the Asia-Pacific Economic Cooperation…
BI focusing on property, automotive sectors to stoke economic revival
Bank Indonesia (BI) has said it is using several macroprudential policy strategies to speed up national economic recovery this year after the deep contraction recorded last year in the wake of the COVID-19 pandemic. "Specifically from macroprudential (perspective), what is the strategy? Because credit is still contractive, so our focus…
Indonesia announces plans for central bank digital currency
The Bank of Indonesia has announced plans to issue a central bank digital currency (CBDC), becoming the latest global central bank to indicate a move towards a state-backed digital currency.The bank’s governor, Perry Warjiyo, recently announced the plans to launch a digital rupiah, amid surging uptake of digital payment solutions…
Indonesian Ministry Allows the Opening of Bali Tourism Villages
The Minister of Villages, Development of Disadvantaged Regions, and Transmigration, Abdul Halim Iskandar, issued permission for the opening of Bali tourism villages as a support of a program called 'Work From Bali' to revive the economic sector on the Indonesian resort island. The minister said that Bali Island is the…
