Business News

Traditional fabric can help economy weave success

Indonesia is blessed with rich cultural diversity, whether in the form of archeological sites or highly valued crafts, such as the weaving of traditional fabric. If they are utilized effectively, they can bring beneficial economic value to the people. Some of the textiles reflecting the countries' cultural richness that have…

Indonesia aims for 40 pct of ASEAN's digital economy market share by 2025

The Indonesian government has set a target that the country's digital economic growth may account for around 40 percent of the digital economy market in ASEAN by 2025. Minister of Trade Muhammad Lutfi made the remark during a meeting with the Commission VI of the House of Representatives of Indonesiaon…

Economist asks government to overhaul import regulations

The government must overhaul import regulations amid the spread of digitalization, senior economist from the Institute for Development of Economics and Finance (INDEF) Aviliani has said. "People can now digitally purchase imported goods from the United States and Europe," she noted during the Global and Indonesia's Economic Outlook webinar here…

Expand development of Electric Vehicle Charging Stations: House member

Indonesia should expand development of Public Electric Vehicle Charging Stations (SPKLUs) to encourage innovations in developing electricity-based transportation infrastructure in Indonesia, according to Toriq Hidayat, a member of the House of Representatives' Commission V. "The government must also expand the construction of SPKLUs. In order to accelerate the construction of…
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