Indonesia Officially Becomes an Upper Middle Class Country
Indonesia has been classified as an upper-middle-income country, the government has announced. “Today we have officially become a world middle...
Economy
Finance Ministry Increase Value Added Tax
Finance Minister Sri Mulyani Indrawati has decided to increase Value Added Tax (VAT) from 10 to 11 percent, taking effect...
Indonesia’s Digital Economy Predicted Strongest in ASEAN
Vice President Ma’ruf Amin is encouraging all stakeholders to improve the digital economy sector so that the Indonesian economy can...
What Are Indonesia’s Biggest Exports?
Much has been made of Indonesia’s breakneck economic growth over the past few years. Prior to 2020, Indonesia had been...
Positive Growth of 7.07 Percent, Indonesia Officially Out of Recession
The Indonesian economy has finally exited the recession. The end of the slump occurred as the Indonesian economy grew in...
Luhut: Economy Can Begin to Reopen in September
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has discussed the potential for reopening economic activities in September...
Jokowi: Avoid Foreign Products, Love Local
President Joko Widodo has urged Indonesians to avoid foreign products and love local products instead. The president hopes that the...
Minister Invites Entrepreneurs to Work from Bali
Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno has invited entrepreneurs and professionals living in Indonesia to work from...
Indonesia Opens Opportunities for Foreign Banks
According to Morgan Stanley’s research, the recent merger and acquisition trend shows that Indonesia is opening up more opportunities for...
Gojek Supports 120,000 Businesses
The Research Institute of Demography in the Faculty of Economics and Business has stated that micro, small, and medium enterprises...
Indonesia to Make Foreign-Owned Property Easier
On Thursday 23rd July, a cabinet minister declared that Indonesia is set to relax property rules for foreign buyers. Foreigners...
Wishnutama: Tourism Industry must Apply Health Protocol in the New Normal Era
Minister of Tourism and Creative Economy Wishnutama Kusubandio invites the tourism industry to apply health protocols to welcome a new...
COVID-19: Jakarta Closes Entertainment for Two Weeks
Now that Jakarta is under emergency restrictions, the Jakarta Provincial Government will temporarily close 17 types of businesses in the...
Antam’s Gold Bars Rose to Rp15,000, Setting a Record
Antam‘s Logam Mulia, also known as precious metals and gold bars, rose Rp15,000 from the previous day, it was noted...
Go-Jek Contributed Rp55trillion to Indonesian Economy
Shinto Nugroho, Chief of Public Policy and Government Relations of Go-Jek, has said that her company is committed to helping...
An Economy Ripe for Disruption
Indonesia is undergoing rapid change and the rise of new technopreneurs is accelerating that change. New industries enabled by technology...
Taiwan’s New Southbound Policy for Indonesia
Taiwan’s current president Tsai Ing-wen, during her inauguration address in May 2016, revealed her goals for identifying a new direction...
Indonesia Pins Hopes on China for Bali Tourism Revival
Following Indonesia’s tourism slump caused by the multiple eruptions on Mount Agung in Bali, the government says it is looking...
Indonesia Ranked Lowest Amongst Southeast Asian Neighbours in World Talent Competitiveness
Indonesia has held its ranking at 47 in the world talent competitiveness index, making it the lowest ranked Southeast Asian...
Bank Danamon Shares Rise as Japanese Bank Eyes 40% Stake
Bank Danamon Indonesia’s shares in the stock exchange have jumped to the highest level in over four years on Thursday...
Indonesia Economy Could Exceed Expectation Next Year, Minister Says
Indonesia may witness faster economic growth next year than it initially forecasts, according to Finance Minister Sri Mulyani Indrawati. The...