Indonesia recorded the biggest trade surplus in nine years in July as exports rose for a third consecutive month while demand for imports remained weak amid the pandemic. Exports jumped 14.33 percent month-on-month (mom) in July to US$13.73 billion, continuing the upward trend since May, thanks to rising shipments of agriculture and manufactured goods despite […]
Read MoreThe Treasury Department could reduce rental fees for 30-50 business lessees of state properties to mitigate Covid-19 impact. Many businesses have submitted letters to the Treasury Department requesting a reduction in rental fees by 50%, said director-general Yuttana Yimgarund. Airports of Thailand Plc, Phuket Ferry and various small and medium-sized enterprises operating in the hotel […]
Read MoreJAKARTA: Indonesia’s central bank kept its policy interest rate unchanged on Wednesday, prioritising market stability but loosened some lending rules to spur consumption in the pandemic-hit economy. The decision came after Southeast Asia’s biggest economy shrank 5.32% in the second quarter, steeper than expected, and amid a rising number of coronavirus cases in the country. […]
Read MoreIndonesian retailers have embraced the need to shift their services online amid the accelerating online shopping trend. Roy Nicholas Mandey, the chairman of the Indonesian Retailers Association (Aprindo), said many of the association’s members had adopted an omnichannel strategy, where retailers integrate offline and online shopping experiences for their consumers’ convenience. “Ninety percent of our […]
Read MorePresident Joko “Jokowi” Widodo has reiterated his commitment to eliminating overlapping regulations and developing more industrial parks across Indonesia. “Regulatory reforms must be carried out. Regulations that are overlapping, complicated and misleading [for] those [who] are at risk must be put to an end,” Jokowi said in a televised state of the nation address at the People’s […]
Read MoreIndonesia’s economy is expected to grow between 5.5 percent and 6 percent next year as economic activity is expected to return to normal after this year’s partial lockdown to contain COVID-19 transmissions, private lender Citibank Indonesia said on Thursday. Citibank Indonesia chief economist Helmi Arman said the economy may return to precoronavirus levels as early […]
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