Business News
Anti-foreign Products; Jokowi Asserts Indonesia Still Adopts Open Economy
President Joko "Jokowi" Widodo asserted that Indonesia still adopted an open economy albeit, in recent days, he has often called on people to love Indonesian products and hate foreign products. “I call on the public to love and be proud of Indonesian products and dislike products from abroad. Once again…
Indonesia Develops Medical Tourism for Elderly Tourists
Minister of State-Owned Enterprises of Indonesia Erick Thohir has said the Indonesian Government will build the Sanur area in Bali into a world-class Health Special Economic Zone (SEZ), focusing on medical tourism serving elderly tourists. Addressing the Investor Forum 2021 webinar on March 3, Thohir highlighted the potential of Sanur…
IMF: Indonesia’s Economic Outlook is Positive
The Indonesian economy is gradually recovering, owing in part to a bold, comprehensive, and coordinated policy response to address the socio-economic hardship inflicted by the COVID 19 pandemic in the first half of 2020, according to the International Monetary Fund (IMF). The country’s GDP is projected to expand by 4.8…
Conservative Forces Thwart Indonesia's Plan to Boost Booze Investment
Powerful Muslim organizations and Papuan political figures have successfully lobbied the government to revoke new investment rules meant to spur liquor, wine and beer industries in Indonesia, the world’s largest Muslim-majority country. Indonesia’s two leading Muslim organizations, Nahdlatul Ulama (NU) and Muhammadiyah, the influential Indonesian Ulema Council (MUI) and various…
