Business News
Electric motorbikes to lead EV adoption in Indonesia
The demand for electric motorcycles is projected to pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become cost-competitive with regular motorcycles by 2022, a study has shown.The study by consulting firm McKinsey & Company showed that the total cost of owning an electric two-wheeled…
Indonesia will become Chair of ASEAN in 2023
JAKARTA - Indonesia will again become chairman of the Association of Southeast Asian Nations (ASEAN) in 2023. Previously, Indonesia has been the Chair of ASEAN three times. During his tenure at that time, various big ideas were born that became the landscape for ASEAN cooperation. So in his fourth leadership,…
Italy’s plan for stimulus funds bucks the EU’s ‘go green’ vision
The EU is billing its 750 billion euro (US$903 billion) Recovery Fund as the opportunity of the century to transform the region’s economy and help it lead the world in reducing carbon emissions.However, a closer look by environmentalists at the spending plan prepared by Italy — the biggest recipient of…
Italy Minister Says Recovery Plan Hinges on Private Sector Boost
Italy’s plan to kick-start its economy using grants and loans from the European Union’s recovery fund won’t be successful without significant buy-in from private investors, Infrastructure and Mobility Minister Enrico Giovannini warned in an interview.“Everyone is talking just about public funds, but that’s a distorted view,” the minister said. In…
