Business News

Flooding Incentives from the Government to Ground Electric Cars

The government seems to have really revived the electric car industry in Indonesia. The Financial Services Authority (OJK) has also prepared an incentive scheme for banks to channel battery electric vehicle (BEV) financing. The focus of the incentives is to boost the upstream electric vehicle industry, including manufacturers of batteries,…

INDONESIA NEEDS 31.000 CHARGING STATIONS TO REACH ELECTRIC VEHICLE GOALS

State-owned electricity giant PLN estimates that Indonesia needs more than 31,000 new electric vehicle (EV) charging stations by 2030 to reach government goals. Private and public players need to invest Rp 54.6 trillion (US$3.7 billion) to install 31,000 commercial charging stations over the course of 10 years, according to PLN's…

G20 FOREIGN MINISTERS DISCUSS EASING TRAVEL RESTRICTIONS

G20 foreign ministers on Thursday sought international cooperation over easing travel restrictions and reopening borders, as months of coronavirus shutdowns exert a drag on the global economy. National shutdowns of varying intensity and duration have taken a toll on livelihoods around the globe as businesses are shuttered, revenues plunge and…

Bicycle Imports Increased to IDR 577 Billion, 95% Coming from China Bicycle imports during the first half of this year jumped to 24.8%.

The sports trend that increased during the corona pandemic also boosted bicycle imports to the country. The Central Statistics Agency (BPS) noted that the value of bicycle imports during the first semester of 2020 jumped to 24.82% on an annual basis or year on year (yoy) compared to the same…
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