Indonesia has made great strides in becoming a middle-class country and is working to become a thriving high-income country by 2045. Recognizing the importance of job creation throughout this journey, the country has remained committed to creating conditions for robust job creation. Even as progress globally has been derailed by the COVID-19 pandemic, Indonesia has […]
Read MoreThe Indonesian government is banking on fourth-quarter gross domestic product (GDP) growth to reach its annual target as an unprecedented Covid-19 wave promises to dampen the third-quarter economic recovery. Coordinating Minister for Economic Affairs Airlangga Hartarto told reporters that the government would focus its resources on containing the second virus wave in the third quarter […]
Read MoreJakarta: Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia’s largest economy. President Joko Widodo has vowed to overcome lingering hurdles such as red tape, rigid labour laws and poor infrastructure in […]
Read MoreJAKARTA (AFP) – Indonesia’s economy bounced back in the second quarter to post its first growth in more than a year, but analysts warned the recovery might be short-lived as Covid-19 surges. Southeast Asia’s largest economy grew by 7.07 per cent in the April-to-June quarter compared with the same period last year, the Central Statistics […]
Read MoreJAKARTA (Reuters) -Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections. Southeast Asia’s largest economy grew 7.07% in the April-June quarter compared with a year earlier, its first […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia and Bank Indonesia have announced that the expansion of local currency settlement framework to include direct investment, income and transfer, in addition to trade, as eligible underlying transactions, effective today. “It also includes expansion of eligible users of the framework, such as individuals, and additional foreign exchange policy flexibilities, such […]
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