Business News
May Consumer Confidence Index in positive zone at 104.4: BI
The Bank Indonesia Consumer Survey (SK) in May 2021 showed that consumer optimism about economic conditions had continued to strengthen. This was mirrored in the May 2021 Consumer Confidence Index (IKK) of 104.4, or an increase from the April 2021 IKK of 101.5. According to an official statement from Bank…
Indonesia car sales rise 228 percent in May
Indonesia’s car sales jumped by 228 percent year on year in May 2021, while that of motorcycles increased 277 percent on an annual basis, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. The rise was thanks to the reduction of Luxury Goods Sales Tax (PPnBM) on some motorised vehicles…
Tech set to lead Indonesia growth
The information and communications technology (ICT) sector is expected to lead economic growth in Indonesia both this year and in 2022, as the Covid-19 pandemic has induced a faster-than-expected takeup of digital services.The ICT sector will grow by between 9.1 and 10.1 per cent this year and 9.8 to 10.3…
Indonesia invites ILO to bolster support to recover from COVID-19
Indonesian Manpower Ministry's Secretary General Anwar Sanusi at a meeting of the Non-Aligned Movement encouraged the International Labor Organization (ILO) to bolster support for member nations to recover from the impact of COVID-19. Sanusi made the statement when the Indonesian government, through the Ministry of Manpower, attended the Virtual Ministerial…
