Business News
Sandiaga Uno Cooperates with IDI to Develop Medical Tourism
Tourism and Creative Economy Minister Sandiaga Uno discussed plans to develop medical tourism, including wellness tourism, with the Executive Board of the Indonesian Medical Association (IDI). “I thank and appreciate our steps in developing health tourism in Indonesia,” said Sandiaga at his office on Wednesday, June 2. Medical tourism has…
Bank of Italy forecasts 4pc GDP growth in 2021
The head of Italy’s central bank said yesterday the eurozone’s third-largest economy could grow four per cent this year, after shedding nine per cent during the pandemic year of 2020.In the Bank of Italy governor’s annual report on the economy, Ignazio Visco cited indications of industrial production regaining momentum and…
Indonesia's proposed VAT hike draws flak from businesses
As Indonesia considers tax increases to cover stimulus spending sparked by the pandemic, the country's business community warns that higher levies could dampen a nascent economic recovery after four straight quarters of contraction.The Finance Ministry contemplates two options for a hike in the value-added tax: raising the current across-the-board rate,…
Time for fashion businesses to innovate and collaborate: Minister Uno
Tourism and Creative Economy Minister Sandiaga Uno believes it is time for fashion businesses in Indonesia to make innovations and collaborations amid the COVID-19 pandemic. “Fashion has become one of the three top-notch sectors in the creative economy and is also our leading exports,” Uno stated during a webinar on…
