Publicly listed consumer goods companies have managed to book profits in the first quarter – some even higher than last year – as they emerge as winners during the pandemic-induced economic crisis. Koneksi Kapital equity analyst Alfred Nainggolan said on Tuesday that the growth of consumer goods companies had been caused by an increased need […]
Read MoreGoogle Cloud announced the opening of its new Jakarta region on Wednesday, bringing services closer to its Indonesian and Southeast Asian consumers. The company’s Indonesia country director, Megawaty Khie, said the Jakarta region would allow businesses to comply with national regulations and ease recovery options for consumers. “We chose Jakarta as the next region because Indonesia has […]
Read MoreIndonesia and 14 other negotiating countries agreed Tuesday to sign the Regional Comprehensive Economic Partnership (RCEP) this year to help their economies recover from the pandemic-induced downturn. Iman Pambagyo, who has led the RCEP trade negotiating committee since 2013, said he expected the deal to be signed in November. Countries have so far agreed on […]
Read MoreThe government has established a special task force to attract businesses leaving China and facilitate their relocation to Indonesia. American, Japanese and South Korean companies are reportedly in discussions with the Investment Coordinating Board (BKPM) over their potential relocation to the Batang and Brebes industrial districts in Central Java, which are currently under development. According […]
Read MoreIndonesian ride-hailing decacorn Gojek announced on Tuesday evening that it would lay off 430 employees, around 9 percent of its total workforce, as the COVID-19 pandemic has battered demand for its lifestyle services. The layoff follows the company’s plan to close down its lifestyle division GoLife, which includes massage and cleaning services, as well as […]
Read MoreThe government is gearing up to overhaul its preemployment card program to address findings by the Corruption Eradication Commission (KPK) earlier this month on suspected irregularities in the operation of the program. The committee in charge of the program, whose members include officials of various ministries, has proposed a revision of Presidential Regulation No. 36/2020, […]
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Thailand
