Business News
New Tourism Minister Pledges to Revive 'Super-Priority' Destinations
Recently installed Tourism and Creative Economy Minister Sandiaga Salahuddin Uno has pledged to focus on reviving the pandemic-stricken tourism industry next year. The businessman-turned-politician committed, during his live-broadcast inauguration ceremony in Jakarta on Dec. 23, to developing the nation’s five “super-priority” tourist destinations – sometimes called the “five new Balis”…
Job Creation Law Encourages Development of the Telecommunication Industry
The issuance of Law Number 11 of 2020 concerning Job Creation is expected to encourage the development of the telecommunications industry in the country, by facilitating the use of new technology. Director of the House for Policy Reforms Riant Nugroho, one of the developments that the telecommunications industry can do…
Govt to Offer 25 PPP Projects Worth Rp 278.35 Trillion Next Year
The Public Works and Housing Ministry is offering 25 infrastructure projects worth Rp 278.35 trillion (US$19.7 billion) under public-private partnership (PPP) next year to private investors to plug the cash-strapped budget. Public Works and Housing Minister Basuki Hadimuljono said on Monday that the projects would be offered consecutively in four…
Indonesia's New Direction toward a Modern Money Market
Bank Indonesia (BI) launched its 2025 money market development blueprint (BPPU 2025) on Dec. 14 to mark a significant move toward a modern and advanced money market. The launch comes in time with the momentum of economic recovery from the COVID-19 pandemic and the emerging digitalization trend. Consisting of the…
