The number of small and medium enterprises (SMEs) using online platforms for their business has risen to around 10.2 million as the COVID-19 pandemic speeds up digitalization, a minister has said. The share of SMEs using online platforms relative to the overall number of small businesses thus rose to 16 percent, up from 13 percent […]
Read MoreAFP – Indonesia’s virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago. Activity in Southeast Asia’s biggest economy slumped 3.49 percent on-year in July-September, the statistics agency said yesterday, with tourism, construction and trade among the hardest-hit […]
Read MoreJAKARTA: Indonesia’s finance minister said “the worst is over” for South-East Asia’s largest economy, after third-quarter gross domestic product (GDP) data confirmed the country fell into recession for the first time since 1998. Sri Mulyani Indrawati (pic) said a contraction in private consumption and investment had eased in the third quarter, after suffering bigger blows […]
Read MoreIndonesia’s open unemployment rate has surged to its highest level since 2011, with the pandemic causing some 2.67 million people to lose their jobs, Statistics Indonesia (BPS) announced on Thursday. The country’s unemployment rate rose to 7.07 percent in August, a 1.84 percentage point increase from 5.23 percent in the same month last year. In […]
Read MoreThe government has once again adjusted its Rp 695.2 trillion (US$47 billion) pandemic stimulus to include funding for a sovereign wealth fund, vaccine procurement and a food estate program, among other things. Rp 15 trillion will now be allocated to the sovereign wealth fund and Rp 16 trillion as early funding for vaccine procurement, according […]
Read MoreThe Tourism and Creative Economy Ministry is planning to prioritize four regions for its stimulus and promotion program aimed at recovering the pandemic-battered tourism industry, officials have said. According to the ministry’s data, the four priority regions are Batam and Bintan Island in Riau Islands, Bandung and Cirebon city in West Java, Central Java and […]
Read More
Thailand
