Business News
FDI Make a Smashing Return to Indonesia
The foreign direct investments into Indonesia has grown rapidly first quarter this year, reflecting investors' confidence in Indonesia's structural reform as global investments activities start to recover from the Covid-19 pandemic slump. The FDI rose 14 percent to Rp 111.7 trillion ($7.7 billion) in the January to March period from…
Indonesia needs aggressive strategies to drive Islamic economy: VP
Indonesia will require to apply aggressive strategies to drive Islamic-based economic and financial development, according to Vice President Ma'ruf Amin. Improving data on domestic halal products poses the biggest challenge for Indonesia, as the world’s largest producer of halal products, to grow, Amin noted in a statement here on Tuesday.…
Developing industrial estates to drive economic growth
Manufacturing is the largest sector in the national economy. The manufacturing sector contributed to 19.9 percent of Indonesia’s gross domestic product (GDP) in 2020, showing that it has a large role in boosting economic growth.However, the manufacturing sector’s contribution to GDP has decreased since 2004. In 2003, for example, its…
Auto sector stimulus not enough for Indonesia economy
The Indonesian government’s stimulus for the automotive sector is not sufficient to revive the economy, an expert said on Tuesday.“It is necessary to add cash-intensive programs,” Mohammad Faisal, an economist at the Center of Reform on Economics, said during a virtual discussion. Since the start of April, Indonesia has cut…
