Business News
Indonesia's digital economy to grow eight-fold by 2030: Trade Minister
Indonesia’s digital economy is predicted to grow up to eightfold from 632 trillion Rupiah (44.4 billion USD) in 2020 to 4,531 trillion Rupiah (319 billion USD) by 2030, Minister of Trade Muhammad Lutfi has said. "E-commerce will play a crucial role (by contributing) 34 percent, or 1,900 trillion Rupiah (to the…
Indonesia: Managing oceans sustainably supports our livelihoods
Today is World Oceans Day and we celebrate the ocean and the livelihoods it underpins. As an island nation, Indonesia has one of the world’s longest coastlines, boasting the highest diversity of corals and mangroves. These ecosystems are assets that sustain the nation’s economy, prosperity, and resilience in measurable ways.Mangroves…
May Consumer Confidence Index in positive zone at 104.4: BI
The Bank Indonesia Consumer Survey (SK) in May 2021 showed that consumer optimism about economic conditions had continued to strengthen. This was mirrored in the May 2021 Consumer Confidence Index (IKK) of 104.4, or an increase from the April 2021 IKK of 101.5. According to an official statement from Bank…
Indonesia car sales rise 228 percent in May
Indonesia’s car sales jumped by 228 percent year on year in May 2021, while that of motorcycles increased 277 percent on an annual basis, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. The rise was thanks to the reduction of Luxury Goods Sales Tax (PPnBM) on some motorised vehicles…
