Homegrown ride-hailing giant Gojek has teamed up with app-based logistics provider Paxel to expand its intercity delivery service to reach Semarang and Surakarta, Central Java, as well as Yogyakarta, amid surging demand during the health crisis, the companies announced on Wednesday. Earlier in April, the two firms launched the GoSend intercity delivery service to transport […]
Read MoreNot deterred by the pandemic-induced market volatility, the number of retail investors in Indonesia’s stock market continues to rise with new investors hopeful of reaping future profits from today’s low base, providing a buffer for the local bourse as foreign investors dump risky assets. The rise of the retail investor has been marked by a […]
Read MoreThe government is seeking to improve its tax arrears accounting system after the Supreme Audit Agency (BPK) discovered irregularities in the existing arrangement, Finance Minister Sri Mulyani Indrawati said on Wednesday. Addressing House Commission XI overseeing financial affairs, Sri Mulyani cited a BPK report on weaknesses in the internal monitoring system of the Tax Office […]
Read MoreState-owned Bank Tabungan Negara (BTN) is aiming to focus on improving its asset quality this year and boost low-cost funds amid rising bad loans and eroded profits during the COVID-19 outbreak. The bank’s finance, planning and treasury director Nixon LP Napitupulu stated that among the bank’s strategies was attracting more low-cost funds with a bundled […]
Read MoreIndonesia’s recovery from the economic effects of the pandemic must focus on the sectors where the greatest number of workers have fallen into poverty, according to a researcher from the University of Indonesia’s Social and Economic Research Institute (LPEM UI). This would mean that agriculture would take priority in most of the provinces of Java […]
Read MoreIndonesia’s economic recovery is “fragile” as state revenue weakened in July after an improvement recorded in the previous month, Finance Minister Sri Mulyani Indrawati said on Tuesday, warning that the country may enter recession in the third quarter. State revenue collection improved in June compared with May following the government’s decision to ease large scale […]
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