Business News
Shopee Indonesia closes 13 product categories of foreign goods
Top e-marketplace Shopee Indonesia has closed off 13 product categories from foreign products in following government orders to protect local micro, small and medium enterprises (MSME).As of Tuesday (May 18), the closed categories include Muslim clothes, outerwear, veils, mukena (head-to-toe prayer gowns), prayer accessories, batik and kebaya (traditional blouses), among…
Bring Tech to Agriculture, MSMEs for Economic Growth: McKinsey
Indonesia needs to bring technology to agriculture and smaller businesses, for the country to unlock post-pandemic growth and become the seventh top economy by 2030, according to global consulting firm McKinsey & Company.In a recent report, McKinsey revealed the return to pre-pandemic growth rates would be crucial for Indonesia to…
Indonesia continues to promote ‘Work From Bali’ initiative to revive local economy
Seven ministries in Indonesia are signing on to support the Work From Bali program, as efforts continue to revive the province’s deeply battered economy. Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan signed a memorandum of understanding (MoU) with hotels in the Nusa Dua complex yesterday, which will see…
Indef sees economy growing 2% in Q2, recession easing
The Indonesian economy will show positive growth of two percent (year on year) in the second quarter of 2021, economic observer with Institute for Development of Economics and Finance (Indef), Bhima Yudhistira, has forecast. The economy had contracted 0.74 percent in the first quarter of this year. "Our initial estimate is…
