Business News
Formalizing informal sector key to new plastics economy: Industry
Businesses are aiming to lift the lives of informal waste pickers, the backbone of Indonesia’s waste management system, while optimizing the circular economy in the packaging sector.Karyanto Wibowo, chairman of the Packaging and Recycling Association for Indonesia’s Sustainable Environment (PRAISE), said that formalizing the informal waste sector would be ideal…
Indonesia’s Stabilising Finance & Leasing Environment Eases Rating Pressure
Fitch Ratings-Jakarta/Singapore-25 April 2021: Waning pressure on the operating environment of Indonesia's finance and leasing industry has reduced downside risk for ratings in 2021, says Fitch Ratings. Our March revision of the sector’s operating environment outlook to Stable, from Negative, reflected the reduced threat of significant structural damage from the…
ASEAN, Italy launch Development Partnership
JAKARTA, 19 APRIL 2021 – ASEAN and Italy convened the inaugural ASEAN-Italy Development Partnership Committee (AI-DPC) meeting today. The meeting took place online, marking the launch of ASEAN-Italy formal partnership. where both sides identified a number of mutually beneficial projects and programmes of cooperation. At the meeting, Italy announced its…
Nickel-rich Indonesia draws global suppliers of EV battery materials
The latest push sees Indonesia tapping into its rich nickel ore reserves to meet a rising demand for the metal from electric battery producers. Alongside feeding its stainless steel industry, Indonesia now wants to reserve a portion of its nickel ore for the production of lithium-ion batteries used to power…
