Business News
Digitalizing Indonesia's Mom-and-Pop Economy Draws Investors
Startups that aim to digitalize Indonesia’s smaller businesses continue to attract investor money even amid the coronavirus pandemic. BukuWarung, a bookkeeping app provider for Indonesian micro, small and medium-size enterprises (MSMEs), on Tuesday announced that it had raised an unspecified amount of capital from global investors after graduating from Y-Combinator,…
Brewing Tension: Coffee Producers Call for Help as Virus Saps Demand
Indonesia’s coffee producers and farmers are calling for support, including financing and product absorption, to weather the pandemic’s dire effects on upstream coffee demand. Rahmah of Ketiara Cooperatives in Central Aceh said on Wednesday that some 400 tons of coffee were being held under a warehouse receipt, 150 tons of…
Car Manufacturers Eye Export Market Amid Bleak Domestic Sales
Indonesian carmakers are looking at the export market to boost sales and increase factory utilization rates as the COVID-19 pandemic is projected to continue wreaking havoc on the domestic car market. Association of Indonesian Automotive Manufacturers (Gaikindo) secretary-general Kukuh Kumara said on Monday that the country’s carmakers were working with…
Indonesia Gives Free Bali Staycations to Test Tourism Readiness
Indonesia is offering free tours and staycations to 4,440 residents of its resort island of Bali, in a seven-week tourism dry-run to promote the international holiday hotspot and test its coronavirus health protocols. Authorities halted tourism in Indonesia's prime attraction in April to prevent the spread of the virus, devastating…
