An increasing number of Indonesian businesses have adopted local electronic signature (e-signature) technology during the past month as physical distancing measures make it difficult to ink contracts in person. Jakarta-based e-signature providers Digisign and PrivyID recorded growth of 50 percent and 350 percent, respectively, in customer requests from February to March, which is when the […]
Read MoreIndonesia’s revised 2020 state budget highlights lower income and higher spending against the backdrop of the coronavirus outbreak. In addressing the widening deficit, the government is resorting to tripling the nation’s debt to Rp 1 quadrillion (US$63 billion) as tax revenue is expected to slide with businesses paralyzed and households losing income during the pandemic. […]
Read MoreThe COVID-19 pandemic, which is spreading like wildfire in Indonesia, has taken not just lives but also the earnings of millions of workers, one month after the government announced Indonesia’s first two confirmed cases of the virus. Jumari, a 61-year-old who works in a shoe factory and lives in Jakarta, has not received his daily […]
Read MoreIndonesia will receive around US$7 billion in loans from the World Bank, Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to finance the country’s fights against COVID-19. Bank Indonesia (BI) Governor Perry Warjiyo said on Tuesday that the funds would be used to finance the country’s widening budget deficit of 5.07 percent of […]
Read MoreThe Jakarta administration has started distributing social aid to those in need to mitigate the hardship of the COVID-19 pandemic ahead of the implementation of large-scale social restrictions (PSBB) in the capital on Friday. Aid distribution began on Thursday in Penjaringan subdistrict, North Jakarta. The aid packages consisted of staple foods, cloth masks and soap. […]
Read MoreProspects for exports to Indonesia remain promising this year after the fellow Asean member temporarily lifted the import licence requirement for garlic and brown onions until May and moved to lower import tariffs on 749 products such as soybeans, food, textiles, corn, shoes and ceramics. Indonesia lifted the import licence requirement for garlic and brown […]
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Thailand
