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Indonesia: Furniture exports see 5 percent increase: Ministry

Furniture exports have reached US$1.4 billion in the first 10 months of the year , 4.83 percent higher than the $1.33 billion earned in the same period last year, says the Industry Ministry.  The ministry’s small and medium manufacturer director general, Gati Wibawaningsih, attributed the export increase to a number of activities organized by the ministry, including training for workers, […]

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Indonesia: Indef highlights three economic issues in 2019

The Institute for Development of Economics and Finance (Indef) has underlined three major economic issues the government should address in 2019 – the  current account deficit, low-quality human resources and heavy dependency on natural resources for export. Indef economist Bhima Yudhistira Adhinegara said the government needed to narrow the current account deficit to US$8.8 billion or 3.37 percent to the […]

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Jakarta, KL, Bangkok seen as export markets for fashion items

MANILA, Philippines — Southeast Asian cities like Jakarta, Kuala Lumpur and Bangkok present opportunities for Philippine exporters and retailers as consumers in these markets are willing to spend for fashion items, the Philippine Exporters Confederation Inc. (Philexport) said. Citing a survey conducted by the Hong Kong Trade Development Council (HKTDC), Philexport said the three markets […]

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Indonesia: E-payment platforms benefiting SMEs

Small and medium enterprises (SME) are providing a lucrative market for Indonesia’s blossoming online payment platforms, according to experts in the field. Harianto Gunawan, director of e-payment heavyweight OVO, said his company, which already had a foothold in the market, had an ambitious target of adding 100,000 micro-enterprises and SMEs into its network by year-end […]

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Indonesian government backpedals on relaxed DNI policy

President Joko “Jokowi” Widodo has decided to heed the call of businesspeople to maintain restriction on foreign investments in several sectors out of concern that liberalizing them may harm small and medium enterprises (SME), an official has said. Five business sectors, which were set to be freed from partnerships with local SMEs, would be maintained […]

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