Business News
72 E-Commerce Offer Free Shipping and More on May 5-13
A total of 72 e-commerce platforms will provide various promotions from May 5 to 13, 2021, as the government launched the Proud of Indonesian Products Day or Hari Bangga Buatan Indonesia. One of the promotions is free shipping which was expected to affect the public’s willingness to go on Eid…
Statistics Indonesia: Air Passengers Rise 36.68 Percent in March 2021
Statistics Indonesia (BPS) said Monday domestic air passengers in March 2021 reached 2.6 million, which was a 38.68 percent surge compared to February of 2021. BPS deputy of distribution statistics and services Setianto said the increase also happened in international flights. “Passengers of international flights grew 24.46 percent to 40.7…
Inflation Picks Up to Fastest Pace in Three Months Ahead of Idul Fitri
Indonesia has seen inflation accelerated to its fastest pace in three months in April, as demand for foods and clothes during the Islamic fasting month of Ramadan picked up and drove up the commodities' prices. The consumer price index a composite measure gauging price level from a broad basket of…
Indonesia’s Omnibus Law: Risk Based Business Licensing
• Indonesia’s Regulation 5 of 2021 introduces a risk-based approach to the issuance of business licenses.• Business activities will be assessed on the scale of the hazards they can potentially create (low risk, medium-low risk, medium-high risk, and high risk).• The risk-based business licensing procedure will impact 16 sectors, including…
