Bank Central Asia (BCA) has seen a jump in its digital banking transactions amid the COVID-19 pandemic as it works to ramp up its new digital banking arm. BCA, the largest private bank in Indonesia, recorded a 91 percent annual rise in the number of mobile banking transactions to 1.29 billion, while the number of […]
Read MoreBusinesspeople are prepared to press on with the government’s plan to gradually reopen the economy under health protocols to establish a “new normal” amid the continued rise of confirmed COVID-19 cases in Indonesia. On May 20, Health Minister Terawan Agus Putranto signed a set of policies on the prevention and control of COVID-19 in offices […]
Read MorePublicly listed mineral miner PT Bumi Resources Mineral (BRMS) plans to issue US$52 million worth of new shares in a private placement this year to finish paying off a three-year-old debt penalty. The indebted miner is slated to sell all the shares to Singapore-based management consulting firm Wexler Capital Pte, to which BRMS owes the money. […]
Read MoreResidential property sales and prices rise have shown a downward trend amid the COVID-19 pandemic, which has battered people’s purchasing power and developers’ marketing efforts, despite lower mortgage interest rates. Totok Lusida, the chairman of the Real Estate Indonesia (REI), an association of 6,400 developers, said on May 18 that aside from hindered construction, social […]
Read MoreEleven companies have signed agreements with gas producers to buy cheap natural gas as part of the government’s incentive to boost Indonesia’s economic growth. Four manufacturers and seven gas distributors will, respectively, purchase gas at US$6 per million British thermal unit (mmbtu) and $4 per mmbtu directly from oil and gas fields. The distributors will […]
Read MoreAgriculture experts have criticized the government’s agrarian reform program a lack of progress that led to low production yield and mounting food imports, pointing to possible food shortages if the COVID-19 pandemic continues. University of Indonesia (UI) senior economist Faisal Basri has voiced his concerns over the increasing number of food imports over the years, saying that […]
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