Consumer habits have rapidly changed since emergency measures were launched in mid-March to slow down the spread of COVID-19, prompting retailers to introduce new ways to engage with their customers. Roy Mandey, chairman of the Indonesian Retailers Association (Aprindo), said in Jakarta on April 16 that most of the association’s members saw a fourfold increase […]
Read MoreIndonesia’s total investment realization slightly increased in the first quarter of this year, but the global economic woes caused by the COVID-19 pandemic will likely reverse the investment trend in the rest of the year. The Investment Coordinating Board (BKPM) reported that the country’s investment grew by 1.2 percent to Rp 210.7 trillion (US$13.5 billion) […]
Read MoreThe Agriculture Ministry is collaborating with businesses to encourage them to purchase farmers’ chickens, improving the current oversupply and prices as breeding season unfolds. The ministry on Monday officially formed a partnership with the National Poultry Breeders Organization (Gopan), the Poultry Farmers Association and Information Center (Pinsar) and animal feed company PT Universal Agribisnisindo. “The […]
Read MoreJAKARTA (REUTERS) – Facebook Inc is preparing to apply for regulatory approval in Indonesia to launch mobile payments in partnership with three local digital fintech firms, people familiar with the matter told Reuters. The plan, if approved, could be among the first such services under the unified payment service Facebook Pay it, which the social […]
Read MoreThe government is pushing regencies to slash street lighting taxes (PPJ) for 31 million of Indonesia’s poorest homes in helping them weather the economic shocks from the COVID-19 pandemic. The plan is estimated to free up Rp 95.26 billion (US$6.1 million) in liquidity each month but also lowers each regencies’ locally generated incomes (PAD), out […]
Read MoreFitch Solutions has downgraded Indonesia’s economic growth projection to 2.8 percent, down from its initial projection of 4.2 percent, as consumption and investment growth are expected to slow amid weakening global economic expansion during the COVID-19 pandemic. “While the government and the central bank have made aggressive moves to stimulate the economy, we believe that […]
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