Business News
Narrowest Trade Surplus in 10 Months Points to Recovering Demand
Indonesia's trade surplus shrank in March from a month earlier amid robust export growth and imports of raw material and machinery picking up the pace, presenting the latest indication for its economic recovery from the Covid-19 pandemic slump. The Central Statistics Agency (BPS) announced on Thursday that the largest economy…
House approves Indonesia-EFTA trade deal
SHARES Indonesia is one short step away from having its first trade agreement with European countries after legislators approved a bill over a deal between Indonesia and the European Free Trade Association (EFTA). The House of Representatives approved on Friday the draft for the Comprehensive Economic Partnership Agreement (IE-CEPA) between…
Italy to boost broadband spending as plan for single network falters
Since taking office in February, Italy’s new government, led by Mario ‘Super Mario’ Draghi, has had major decisions to make surrounding the country’s post-Covid-19 economic recovery. Now, a report from Reuters suggests that the government is looking to spend around €6.7 billion in European recovery funding on improving connectivity infrastructure…
Indodax CEO Explains Bitcoin Transaction Surge in Indonesia
CEO of Indonesia's crypto asset marketplace Indodax, Oscar Darmawan, in a statement on Wednesday said the surging Bitcoin transactions in Indonesia is due to a similar global trend. However, he said the volume of transactions is insignificant compared to the global transactions because of the human factors that are not…
