Business News
Indonesian logistics firms ride e-commerce boom to survive pandemic
Despite suffering a free fall in revenue in the early days of the pandemic, some logistics companies have managed to survive by taking advantage of a boom in online shopping brought about by government mobility restrictions.The Indonesian Logistics Association (ALI) reported that logistics volumes were down 60 to 70 percent…
Govt Preps Perpres to Boost Entrepreneurship
Cooperatives and Small and Medium Enterprises Minister Teten Masduki announced Monday the government was formulating a Presidential Regulation (Perpres) on entrepreneurship in an attempt to boost the number of new entrepreneurs. Indonesia currently has 3.47 percent of entrepreneurs, which according to Teten, is still below expectations compared to neighboring countries…
Travel Corridors to Open to International Tourists: Sandiaga Uno
Tourism and Creative Economy Minister Sandiaga Uno in a Monday press conference said the government planned to establish a travel corridorarrangement with the United Arab Emirates (UAE) and Qatar. He claimed the multilateral discussions were advancing and being finalized by the Foreign Affairs Ministry. “It’s currently advancing and will be…
Indonesia's Creative Economy 3rd Largest in GDP Terms: Sandiaga Uno
Indonesia’s creative economy industry has been ranked the third largest in the world in terms of its contribution to the national gross domestic product (GDP), Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, said. "So, we must be proud that Indonesia is ranked third in terms of creative economy…