Business News
Indonesia Reforms Foreign Investment
The Indonesian government has laid down the ground rules for its new law on job creation, widely seen as an ambitious regulatory reform to lure foreign investments and stimulate the pandemic-hit economy. President Joko “Jokowi” Widodo signed 49 “implementing rules” last month to provide officials with specific details on how…
Property, Construction, Cars to Lead Indonesian Recovery in 2021: Fitch
Last year’s hardest-hit sectors of property, construction and automotive are expected to lead Indonesia’s recovery this year as they bounce back from the pandemic-induced slump on strong fiscal incentives, says Fitch Ratings. Director Olly Prayudi and associate director Salman Alamsyah of the global credit rating agency said the three sectors…
Indonesian Minister: Economic Chart Forms 'V Shape' as Currency, Index Recover
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that the state's economy have shown signs of recovery from the Covid-19 crisis, starting in January this year. He referred to the Jakarta Composite Index (JCI) and rupiah exchange rate, which he said to be forming a V shape. "The JCI…
Tourism: Hoping for a "Hot" Summer
Tourism activity represents a considerable part of the economy in Italy, Spain, Portugal, and Greece.The sector accounts for between 6% and 8% of these countries’ GDP directly and for further 8% to 13% indirectly, representing a major component of services exports. Countries have been forced to take restrictive measures to…
