Business News
WB helps Indonesia achieve more resilient financial sector
The World Bank’s Board of Executive Directors has approved a loan of 400 million USD to support reforms that will help the Government of Indonesia increase the depth, improve the efficiency, and strengthen the resilience of the financial sector. The bank said the COVID-19 pandemic has caused recession in Indonesia,…
Jakarta Allows Some Foreigners to Receive Free Covid-19 Vaccine Shots
Jakarta Provincial Government has now allowed foreign nationals older than 18 to be vaccinated against Covid-19 in the city's free immunization program in a race to protect Indonesia's capital from the pandemic. Starting on June 9, some foreigners are the fourth priority among groups to receive the vaccines, the province…
Pricing Formula, Vessel Ownership Among Competition Hurdles in Logistics Sector
Indonesia’s logistics sector is still facing various competition hurdles such as pricing regulations and obligatory vessel ownership, to name a few, according to the Organization for Economic Cooperation and Development, or OECD.The OECD has recently run a competition assessment across Indonesia’s logistics subsectors, including maritime freight transport and small package…
Indonesia's digital economy to grow eight-fold by 2030: Trade Minister
Indonesia’s digital economy is predicted to grow up to eightfold from 632 trillion Rupiah (44.4 billion USD) in 2020 to 4,531 trillion Rupiah (319 billion USD) by 2030, Minister of Trade Muhammad Lutfi has said. "E-commerce will play a crucial role (by contributing) 34 percent, or 1,900 trillion Rupiah (to the…
