Business News
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…
Tech set to lead Indonesia growth
The information and communications technology (ICT) sector is expected to lead economic growth in Indonesia both this year and in 2022, as the Covid-19 pandemic has induced a faster-than-expected takeup of digital services.The ICT sector will grow by between 9.1 and 10.1 per cent this year and 9.8 to 10.3…
