JAKARTA: Indonesia’s economic recovery was “very fragile” and could reverse as shown by tax revenue data in July, the country’s finance minister said yesterday, warning that the economy faced a struggle to avoid a recession. Revenues had improved temporarily in June after coronavirus-induced restrictions were eased, but the improvement stagnated in July and contributions from […]
Read MoreJAKARTA: Hundreds of Indonesian workers rallied outside the nation’s parliament against a sweeping legislation meant to make it easier for companies to hire and fire employees, undermining President Joko Widodo’s efforts to boost investment and revive an economy battered by Southeast Asia’s worst coronavirus outbreak. The Confederation of Indonesian Trade Unions asked the lawmakers to […]
Read MoreMANILA, Philippines — The Philippines and Indonesia are looking to work together in investment promotion, halal products and creative economy to enhance trade and investment flows. In a statement , the Department of Trade and Industry said the Philippines and Indonesia recently conducted the 8th Meeting of the Joint Working Group (JWG) on trade, investments, […]
Read MoreIndonesia recorded a budget deficit of Rp 330.2 trillion (US$22.4 billion), or 2 percent of gross domestic product (GDP), as of July as tax revenue fell further despite a slight increase in state expenditure, Finance Minister Sri Mulyani Indrawati said on Tuesday. The country collected Rp 922.2 trillion in state revenue, marking a decrease of 12.4 percent […]
Read MorePresident Joko “Jokowi” Widodo has launched the productive social assistance program for micro businesses to help them survive the economic crisis caused by the COVID-19 pandemic. The government started the program by disbursing Rp 2.4 trillion (US$162.9 million) directly to 1 million small businesses across the country, each receiving Rp 2.4 million. Businesses that have […]
Read MoreIndonesia, the world’s second-largest tin producer, is expected to see a double-digit decline in refined tin production this year, amid a slump in global demand, according to the International Tin Association (ITA). The ITA expected refined tin production to reach 69,000 tons this year, down 11.5 percent from 78,000 tons last year. The lower production […]
Read More
Thailand
