Business News
Agriculture Exports ‘Potential Winners’ Amid Pandemic: Trade Ministry
Indonesian agricultural exports could be “potential winners” in the pandemic as they recorded annual growth despite the downturn in global trade, according to the Trade Ministry. The agriculture exports reached US$2.06 billion in the January–July period, marking an increase of 9.95 percent from the same period in 2019. Exports of…
Jokowi Issues Policy on Covid-19 Vaccine Development Team
President Joko 'Jokowi' Widodo issued Presidential Decree No. 18 of 2020 on the national team for the acceleration of Covid-19 vaccine development. The policy was enacted on September 3, 2020.In Article 3, the national team has four goals. First, to accelerate the development of the Covid-19 vaccine in Indonesia. Second,…
Opportunities for Farmers to Make Profit through Digital Applications
Agriculture is one of the three sectors that grew positively in the second quarter, amid the corona pandemic. The real wages of farm workers have also increased starting in May, after having decreased since the beginning of the year. However, agricultural startups claim farmers' income can increase up to 10…
Flooding Incentives from the Government to Ground Electric Cars
The government seems to have really revived the electric car industry in Indonesia. The Financial Services Authority (OJK) has also prepared an incentive scheme for banks to channel battery electric vehicle (BEV) financing. The focus of the incentives is to boost the upstream electric vehicle industry, including manufacturers of batteries,…
