Business News
Indonesia: Agriculture Only Sector to Post Growth in 3rd Quarter
Agriculture was the only key sector that contributed to Indonesia’s growth in the third quarter of 2020, given the overall economy contracting 3.49 percent on-year, according to Indonesia’s Central Statistics Agency (BPS). Among the country’s five dominant business sectors, only agriculture recorded positive growth, at 2.15 percent, BPS chief Suhariyanto…
Ministry Prioritizes Four Regions for Tourism Promotion, Rebound Programs
The Tourism and Creative Economy Ministry is planning to prioritize four regions for its stimulus and promotion program aimed at recovering the pandemic-battered tourism industry, officials have said. According to the ministry’s data, the four priority regions are Batam and Bintan Island in Riau Islands, Bandung and Cirebon city in…
Number Three in the World, Indonesian Rattan Exports Translucent IDR 5.1 Trillion
Minister of Trade Agus Suparmanto said that Indonesia is the third largest rattan producer in the world after China and Vietnam. Even in the January-August 2020 period, exports of Indonesian rattan products reached US $ 357.17 million or the equivalent of Rp.5.1 trillion (exchange rate of 14,338 per US dollar).…
The EU Can Improve the Political Sustainability of Next Generation EU by Making it a Long-term Structure
The EU member states’ swift agreement to set up a far-reaching, albeit temporary, stabilisation capacity and to issue Eurobonds as part of the Recovery and Resilience Facility (RRF) in July 2020 took many political observers by surprise (e.g. Corsetti et al. 2020, Garicano 2020, Giavazzi and Tabellini 2020). After all,…
