The Jakarta Composite Index (JCI) fell more than 2 percent on Monday after three months of a strong performance following the global stock market crash in March. The Indonesia Stock Exchange’s (IDX) main gauge concluded its trade on Monday at 5,006.22, 2.78 percent lower than Friday’s posting. The drop was consistent throughout the day and […]
Read MoreThe government is set to provide cash transfers and working capital loans for micro, small and medium enterprises (MSMEs) in its latest bid to boost economic growth amid the COVID-19 pandemic. Budi Gunadi Sadikin, the head of the national economic recovery task force, said Wednesday the government would provide Rp 2.4 million (US$165) for 10 […]
Read MoreINDONESIA is developing an industrial park set along the northern coast of central Java amid rice fields, which the government of President Joko Widodo hopes will grow into a major destination for companies exiting China in the face of rising economic sanctions imposed by US President Donald Trump. The Batang Special Economic Zone is the […]
Read MoreConsumer goods giant PT Unilever Indonesia booked a slight decrease in its net profit during this year’s first half as the coronavirus pandemic hit demand. The local arm of Anglo-Dutch company Unilever pocketed Rp 3.62 trillion (US$246.46 million) in net profit during the period, a 2.2 percent decline compared to the corresponding period last year. […]
Read MoreThe majority of business players, from large companies to micro, small and medium enterprises (MSMEs), are of the view that Indonesia’s economy is in a bad shape, a new survey shows. Negative sentiment is most pronounced among big businesses, with 73.5 percent of them saying the economy is in a poor condition, according to the […]
Read MoreSMALL and medium enterprises (SMEs) in Indonesia, Vietnam, and Thailand are among those that are most confident of their ability to survive and thrive after the Covid-19 pandemic, according to a study by technology firm HP. Their fellow Asean member Singapore, in contrast, was less optimistic, with only about half of respondents expecting to do […]
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