Business News
Bank of Italy forecasts 4pc GDP growth in 2021
The head of Italy’s central bank said yesterday the eurozone’s third-largest economy could grow four per cent this year, after shedding nine per cent during the pandemic year of 2020.In the Bank of Italy governor’s annual report on the economy, Ignazio Visco cited indications of industrial production regaining momentum and…
Indonesia's proposed VAT hike draws flak from businesses
As Indonesia considers tax increases to cover stimulus spending sparked by the pandemic, the country's business community warns that higher levies could dampen a nascent economic recovery after four straight quarters of contraction.The Finance Ministry contemplates two options for a hike in the value-added tax: raising the current across-the-board rate,…
Time for fashion businesses to innovate and collaborate: Minister Uno
Tourism and Creative Economy Minister Sandiaga Uno believes it is time for fashion businesses in Indonesia to make innovations and collaborations amid the COVID-19 pandemic. “Fashion has become one of the three top-notch sectors in the creative economy and is also our leading exports,” Uno stated during a webinar on…
Sandiaga Uno Campaigns for Back to Movie Theaters Movement
Tourism and Creative Economy Minister Sandiaga Uno is campaigning for the Back to Movie Theaters and Watch National Films movement. He invited families and the ministry’s employees to watch the restored national film Tjoet Nja 'Dhien at Plaza Senayan Cinema XXI, Jakarta, on Sunday, May 30. “Today, we celebrate again…
