Indonesian ride-hailing and food delivery giant Gojek, whose Thai unit Get recently moved to unite under the same brand, on Wednesday launched the Gojek app in Thailand with a heavy subsidy for the platform’s users in order to gain ground in the highly competitive market. E-commerce pundit Pawoot Pongvitayapanu said the unified brand under Gojek […]
Read MoreIndonesia’s gross domestic product (GDP) is expected to shrink even further than projected in the third quarter as capital city Jakarta reimposes large-scale social restrictions (PSBB), Finance Minister Sri Mulyani Indrawati said Tuesday. The government previously expected the economy to post a flat growth at best or a contraction of 2.1 percent at worst in […]
Read MoreJAKARTA: Indonesia stocks pulled back after a more than 5% surge over the last two sessions as a poll of analysts predicted the country’s central bank would stand pat on interest rates in favour of supporting an under-pressure rupiah. While upbeat Chinese data supported other emerging Asian share markets at the start of a week […]
Read MoreThe rise in popularity of online shopping, particularly online grocery shopping, driven by the COVID-19 pandemic and the enforcement of large scale social restrictions (PSBB) is predicted to be the driving force of growth in the e-commerce sector in Indonesia and Southeast Asia this year, experts have said. Indonesia E-commerce Association (IdEA) chairman Bima Laga said […]
Read MoreIndonesia’s retail sales fell again in July as consumers were still pessimistic, Bank Indonesia (BI) announced, as economists believe that indicators are showing signs of weak economic recovery in the third quarter this year. Retail sales in Southeast Asia’s largest economy fell 12.3 percent from a year earlier, a smaller drop than the previous month’s […]
Read MoreJAKARTA: The unexpected decision to put Indonesia’s capital back into a tougher lockdown has surprised analysts and investors and threatens to prolong the recovery of South-East Asia’s largest economy. With Jakarta accounting for around 20% of the country’s GDP, the decision could cause the Indonesian economy to contract for a third consecutive quarter, upsetting an […]
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