Business News
Indonesian govt accords priority to MSME recovery for bolstering economic growth
The Indonesian government has focused on the recovery of micro-, small- and medium-scale enterprises (MSME) that significantly contributed to driving national economic growth, Coordinating Economic Affairs Minister Airlangga Hartarto has stated.MSMEs have contributed 61.1 percent to the national economic growth and absorbed 97 percent of the total workforce, or some…
Govt Targets to Produce 600,000 Electric Cars in 2030
The Industry Ministry is targeting to produce 600,000 units of electric cars and 2.45 million units of battery-powered motorcycles in 2030.The production target of battery-powered electric vehicles will hopefully be able to reduce CO2 emissions from cars by 2.7 million tons and from motorcycles by 1.1 million tons, Industry Minister…
Global trade volume to rise 8% this year after slump in 2020: WTO
The volume of world merchandise trade is projected to rise 8 percent in 2021 from last year following a decline of 5.3 percent in 2020 amid the coronavirus pandemic, the World Trade Organization said Wednesday. The Geneva-based international body also forecast the growth of global trade volume to slow to…
Discussing Expansion of Travel Corridor Arrangement, Minister of Tourism Holds a Coordination Meeting
Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, organizes a ministerial coordination meeting regarding the expansion of the travel corridor arrangement for the tourism and creative economy sector, which allows return tourist visits of foreign tourists. The return of tourists is expected to be in line with the economic…
