Business News
Gold price surge blessing in disguise for Indonesia
The recent surge in gold prices could be a boon for Indonesia, despite the economic risks that loom behind the spike in demand for the safe haven commodity. The price of bullion touched its highest level ever on Tuesday, with investors rushing to park their money in safe-haven assets, as…
Alternative rice products see double digit growth in demand amid trade disruption
The disruptions to trade and falling imports caused by the COVID-19 pandemic have led to a double-digit increase in demand for locally produced, high-quality, alternative rice products, farmer cooperatives have reported.Sales of high-quality foreign rice varieties and organic rice products such as Japonica rice, Basmati rice, Jasmine rice, and high-protein…
Indonesia to mix coal-based DME, LPG as cooking gas to reduce imports
The government is looking to mix coal-based dimethyl ether (DME) and liquefied petroleum gas (LPG) as cooking gas in an effort to reduce Indonesia’s dependence on imported LPG.The country has long sought to replace the LPG with DME as a cooking fuel, but new official studies have revealed a key…
BKPM Chief Pledges to Assist Investments Worth Rp 300 Trillion as Pandemic Deals Blow
The Investment Coordinating Board (BKPM) is looking to debottleneck Rp 300 trillion worth of investment commitments in the pipeline as the pandemic slows down investment realization. Despite the COVID-19 crisis, the BKPM vows to continue working hard to assist potential investors, untangling the investment process to attract higher investment realization…
