Business News
Government positive economic recovery on horizon
The Indonesian government is optimistic the economy will grow positively this year with indications of an improvement emerging amid the pandemic and containment measures, which have plunged the global economy into a deep contraction. After Indonesia recorded its first coronavirus cases in March, 2020, economic growth spiraled to minus 5.32…
Erick Thohir Wants ECT Expo 2021 to Become the Locomotive of the Halal Industry
Minister of BUMN and Chairman of the Central Board of the Sharia Economic Community, Erick Thohir, inaugurated the online opening of the Eid Al Fitr Creative and Tourism (ECT) Expo 2021. The event, which is held the day after the Eid holiday, is expected to be able to restore and…
Shopee Indonesia closes 13 product categories of foreign goods
Top e-marketplace Shopee Indonesia has closed off 13 product categories from foreign products in following government orders to protect local micro, small and medium enterprises (MSME).As of Tuesday (May 18), the closed categories include Muslim clothes, outerwear, veils, mukena (head-to-toe prayer gowns), prayer accessories, batik and kebaya (traditional blouses), among…
Bring Tech to Agriculture, MSMEs for Economic Growth: McKinsey
Indonesia needs to bring technology to agriculture and smaller businesses, for the country to unlock post-pandemic growth and become the seventh top economy by 2030, according to global consulting firm McKinsey & Company.In a recent report, McKinsey revealed the return to pre-pandemic growth rates would be crucial for Indonesia to…
