Business News
Indonesia Focuses Research on Import Substitution
Indonesian Minister of Research and Technology Bambang PS Brodjonegoro has said research on products and innovations must be oriented towards import substitution to support economic stability. During a working session with the Agency for the Assessment and Application of Technology (BPPT) on March 8, Bambang said import substitution is strongly…
Indonesia Reforms Foreign Investment
The Indonesian government has laid down the ground rules for its new law on job creation, widely seen as an ambitious regulatory reform to lure foreign investments and stimulate the pandemic-hit economy. President Joko “Jokowi” Widodo signed 49 “implementing rules” last month to provide officials with specific details on how…
Property, Construction, Cars to Lead Indonesian Recovery in 2021: Fitch
Last year’s hardest-hit sectors of property, construction and automotive are expected to lead Indonesia’s recovery this year as they bounce back from the pandemic-induced slump on strong fiscal incentives, says Fitch Ratings. Director Olly Prayudi and associate director Salman Alamsyah of the global credit rating agency said the three sectors…
Indonesian Minister: Economic Chart Forms 'V Shape' as Currency, Index Recover
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that the state's economy have shown signs of recovery from the Covid-19 crisis, starting in January this year. He referred to the Jakarta Composite Index (JCI) and rupiah exchange rate, which he said to be forming a V shape. "The JCI…
