Business News
Health Minister Supports 3 Bali Regions Set as Covid-free Destinations
Health Minister Budi Gunadi Sadikin supported the Bali Provincial Government in preparing its three regions as tourist destinations that are free of Covid-19. Later, domestic and international travelers will be allowed to visit these regions. The three regions are Ubud in Gianyar Regency, Indonesian Tourism Development Corporation (ITDC) area in…
IDX to Allow SPACs, Hopes Indonesian Unicorns Will Go Public Locally
The Indonesia Stock Exchange (IDX) plans to win over local tech unicorn listings by relaxing its rules this year after it was reported that three such companies were considering listing abroad. IDX development director Hasan Fawzi said the bourse would pass regulations by July that would allow companies to go…
Italian Private-Sector Growth Returns With More Stimulus on Way
Italy’s private-sector economy returned to growth in February after four months of contraction, with the prospects of more fiscal support underpinning confidence in the recovery. IHS Markit’s index of manufacturing and services activity rose to 51.4 last month, with a “rapid” improvement at factories and a slower pace of decline…
Indonesia Focuses Research on Import Substitution
Indonesian Minister of Research and Technology Bambang PS Brodjonegoro has said research on products and innovations must be oriented towards import substitution to support economic stability. During a working session with the Agency for the Assessment and Application of Technology (BPPT) on March 8, Bambang said import substitution is strongly…
