Business News

Pandemic, Pulp and Paper Industry Exports Ratcheting Two Digits

The Covid-19 pandemic has stagnated a large part of the domestic manufacturing sector. However, the national paper industry is still performing like normal conditions. The Indonesian Pulp and Paper Association (APKI) projects that the total volume of paper exports throughout 2020 will increase by around 24.3 percent annually to 6.75…

Jokowi: Sovereign Wealth Fund Can Make BUMN Infrastructure and Energy Healthy

The government will establish an Investment Management Institution (LPI) or Sovereign Wealth Fund (SWF). The formation of the LPI or SWF is intended as an alternative to financing development in Indonesia. President Joko Widodo (Jokowi) said that the launch of the SWF will be carried out in early 2021. It…

Indonesian President Inaugurates $3 Billion 'Strategic' Port

Indonesian President Joko Widodo inaugurated the Patimban sea port in West Java on Sunday, saying the new gateway would have a “strategic” role in boosting the nation’s pandemic-hit economy. The 43.2 trillion rupiah ($3.07 billion) port in the town of Subang, 140 km (90 miles) east of the capital Jakarta,…

Indonesia's New Direction Toward a Modern Money Market

Bank Indonesia (BI) launched its 2025 money market development blueprint (BPPU 2025) on Dec. 14 to mark a significant move toward a modern and advanced money market. The launch comes in time with the momentum of economic recovery from the COVID-19 pandemic and the emerging digitalization trend. Consisting of the…
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