Business News
Jokowi Calls Indonesia's Digital Market Potential to Reach Rp2,092 T in 2025
President Joko Widodo (Jokowi) projects that Indonesia's digital market potential will reach US$146 billion or equivalent to Rp2,092.6 trillion (exchange rate of 14,333) in 2025. According to him, the trend of digital market spikes has started to appear since 2019. At that time, Indonesia's digital market was US$40 billion, then…
Airlangga: Strategic Projects Create Multiplier Effects on the Economy
Coordinating Minister for the Economy Airlangga Hartarto said the completion of national strategic projects (PSN) will create a multiplier effect for the regional economy in accelerating the implementation of PSN to support national economic growth after the pandemic. Airlangga said infrastructure spending will be one of the challenges in achieving…
Indonesia to Augment its Role Globally Through G20 Summit
The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has pinned high hopes on Indonesia bolstering its role in the region and globally through the G20 Summit. The Minister remarked that the G20 Summit was not only a showcase of Indonesia’s socio-economic progress but also presented an opportunity…
World Bank Prediction: Indonesian Economy 2021 To Grow 3.7%
The World Bank predicts Indonesia Economic growth at 3.7% this year and will jump at 5.2% in 2022. This estimation is based on the assumption that there will be no spike of COVID-19 cases in 2021. It is expected that the vaccination rate will reach 70% of the total population…
