Business News
Data centre operators eyeing Batam as new digital hot spot
Twenty data centre operators are eyeing the possibility of setting up shop in a technological park on Indonesia's Batam island, with one sealing the deal after President Joko Widodo granted the park special economic zone (SEZ) status."Most of them were waiting first for the SEZ to happen and started conversations…
WB helps Indonesia achieve more resilient financial sector
The World Bank’s Board of Executive Directors has approved a loan of 400 million USD to support reforms that will help the Government of Indonesia increase the depth, improve the efficiency, and strengthen the resilience of the financial sector. The bank said the COVID-19 pandemic has caused recession in Indonesia,…
Jakarta Allows Some Foreigners to Receive Free Covid-19 Vaccine Shots
Jakarta Provincial Government has now allowed foreign nationals older than 18 to be vaccinated against Covid-19 in the city's free immunization program in a race to protect Indonesia's capital from the pandemic. Starting on June 9, some foreigners are the fourth priority among groups to receive the vaccines, the province…
Pricing Formula, Vessel Ownership Among Competition Hurdles in Logistics Sector
Indonesia’s logistics sector is still facing various competition hurdles such as pricing regulations and obligatory vessel ownership, to name a few, according to the Organization for Economic Cooperation and Development, or OECD.The OECD has recently run a competition assessment across Indonesia’s logistics subsectors, including maritime freight transport and small package…
