Business News
Govt seeks to boost tourism in West Sumatra with new port, road
The government plans to develop port infrastructure in Padang to spur tourism in West Sumatra, especially in the Mentawai Islands regency, an official has said. The planned Marina Center would not only serve as a port but also culinary center, said Ridwan Djamaluddin, the undersecretary of infrastructure and transportation coordination…
Enjoy Bali responsibly, minister urges tourists as resort island reopens
A minister has urged travelers to comply with health protocols in Bali as the island has reopened for domestic tourists in the hope of reigniting the local economy hit by the pandemic. National Development Planning Minister Suharso Monoarfa assured the public on Tuesday that the island was safe for visits…
Indonesia’s GDP contracts deeper than expected at 5.32% in Q2
Indonesia’s economy suffered its sharpest downturn since the 1998 Asian financial crisis in the second quarter, as the COVID-19 pandemic shut down large parts of the country, ravaging businesses and leaving millions out of work.GDP contracted 5.32 percent in the second quarter, the lowest since the first quarter of 1999,…
Gold price surge blessing in disguise for Indonesia
The recent surge in gold prices could be a boon for Indonesia, despite the economic risks that loom behind the spike in demand for the safe haven commodity. The price of bullion touched its highest level ever on Tuesday, with investors rushing to park their money in safe-haven assets, as…
