Indonesia’s current account deficit narrowed in the first quarter of this year as imports fell and the deficit in services dwindled amid the coronavirus pandemic, Bank Indonesia (BI) announced on Wednesday. Southeast Asia’s biggest economy recorded a current account deficit (CAD) of US$3.9 billion, or 1.4 percent of gross domestic product (GDP) in this year’s […]
Read MoreIndonesia and Singapore currently dominate the venture capital (VC) fundraising in Southeast Asia, despite a slower pace of capital raising in the first quarter this year. Indonesia raised US$161 million in the first quarter while Singapore leads with $865 million over the same period, according to a recent report by Deal Street Asia. No closes […]
Read MoreMany major hospital operators in Indonesian have launched their own teleconsultation services to tap into the growing telemedicine market in the country, which has been further accelerated by the COVID-19 outbreak. Siloam Hospital chief information officer Ryanto Marino Tedjomulja said the hospital chain had launched its online outpatient services or teleconsultation on April 13 in partnership […]
Read MoreWeakening purchasing power following business disruptions caused by the COVID-19 pandemic has battered the country’s automotive industry, forcing carmakers to significantly lower their car sales targets this year. The Association of Indonesian Automotive Manufacturers (Gaikindo) cut its domestic car sales target this year by 40 percent to just 600,000 units as the government’s large-scale social […]
Read MoreCommunication and Information Minister Johnny G. Plate has urged digital companies to improve their cybersecurity systems following recent reports of data breaches on Indonesia’s largest e-commerce platforms. The minister said on Friday that Indonesia’s digital economy was “under attack” and that companies needed to routinely increase their investments into cybersecurity. “There were large scale attacks […]
Read MoreThe government is rolling out a Rp 641.17 trillion (US$43 billion) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs). Finance Minister Sri Mulyani Indrawati said the “national economic recovery” program would include a strengthened social safety net, […]
Read More
Thailand
