Japan-backed Patimban Port in Subang, West Java is now scheduled for partial operation in November, while its first development phase will reach completion by October despite previous delays, Transportation Minister Budi Karya Sumadi has stated. The port is located about 70 kilometers from the Karawang industrial estate in West Java, where many Japanese companies have […]
Read MoreTourism and Creative Economy Ministry is mulling over the possibility of establishing travel bubbles with neighboring countries in a more local scope to accelerate the rebound of the pandemic-hit tourist industry, the ministry’s official has said. The ministry’s undersecretary for infrastructure and destination development, Hari Santosa Sungkari, said on Aug. 7 that the government’s plan to […]
Read MoreBank Indonesia (BI) launched on Friday the seventh Indonesia Sharia Economic Festival (ISEF) by taking the festival fully online, the first of its kind in the country. ISEF, which was started in 2014, is an international event that brings together key stakeholders in the sharia economy, including business players, governments, associations and pesantren (Islamic boarding schools). This […]
Read MoreThe lifestyle-driven spending habits of millennials, as well as the general public’s slow adoption of technological developments in finance, are among the challenges to increasing financial literacy in Indonesia, fintech players have stated. A financially literate person, according to the Financial Services Authority (OJK), has knowledge of financial institutions and financial products, including the features, […]
Read MoreECONOMISTS appear mixed on Indonesia’s economic outlook following the release of its second-quarter gross domestic product (GDP) on Wednesday. Indonesia’s Q2 GDP shrank by a 5.3 per cent year on year, which was sharper than the 4.7 per cent predicted by private-sector economists, according to a Bloomberg poll. This is Indonesia’s weakest showing since the […]
Read MoreThe government is planning to expand its social aid program and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the sluggish economy in the second half of this year, as fears of a recession loom. Finance Minister Sri Mulyani Indrawati said on Wednesday the government would […]
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