Finance Ministry Waives Taxes, Inspections for Coronavirus Vaccine Imports

The tax exemption is part of the government's effort to support its mass vaccination program next year.

#COMMODITY

Jokowi Gives Blessing to Put Garuda Indonesia Under Tourism Holding

President Joko "Jokowi" Widodo has approved a plan to put state-owned airlines, airport, and hotel operators under a new holding entity.

NOVEMBER 28 #CORPORATE NEWS

Cargill Announces $100m Fresh Investment in East Java Sweetener Factory

Cargill will build a corn wet mill factory and a starch dryer in Pandaan, East Java to meet growing customer demand for sweeteners.

NOVEMBER 27 #CORPORATE NEWS

We Never Intend to Establish New Palm Oil Plantations: Gapki

They only hope the omnibus law could unlock two million hectares of plantation currently under dispute with the forest authorities.

NOVEMBER 27 #COMMODITY

Gapki Expects Tight Supply to Support Palm Oil Price Into 2021

The price of CPO reached around $850 per ton and even surpassed $870 per ton, making it the highest in three years.

NOVEMBER 27 #COMMODITY

Fund Managers Bet on Indonesia's Cyclical Stocks, See Long Rally Ahead

Capital inflow will increase in search of gains in cyclical stocks like properties, consumer, automotive, infrastructure, and banking. 

NOVEMBER 26 #ECONOMY

Businesses Count on Vaccine to Spur Middle Class Spending Next Year

The Covid-19 mass vaccination to return the confidence of 162 million Indonesian middle- and upper-income classes to start spending again.

NOVEMBER 25 #ECONOMY

VISION

Students Join Climate Crisis Protest in Jakarta

Environmental activists, students and children joined the "Asia Climate Rally" againts climate crisis in in front of the Jakarta City Hall

#EYEWITNESS

Students Join Climate Crisis Protest in Jakarta

Environmental activists, students and children joined the "Asia Climate Rally" againts climate crisis in in front of the Jakarta City Hall

November 29 #EYEWITNESS

Many Asian Parents Doubt Their Money Parenting Skills, Study Shows

Even so, 43 percent of the parent respondents want to learn more to become better financial teachers to their children.

NOVEMBER 24 #ECONOMIC IMPACTS

Pfizer's Vaccine Is Out of the Question as Indonesia Lacks Refrigerators: State Pharma Boss

Indonesia's cold-chain distribution network today cannot handle vaccine transportation at temperatures of minus 20-70 degrees Celsius.

NOVEMBER 22 #HEALTH

Garuda Indonesia to Get $600m as Gov't Adamant to Keep the Flagship Carrier Afloat

An extraordinary general meeting of shareholders approved a bonds issuance plan on Friday to raise $600 million for the airline.

NOVEMBER 21 #CORPORATE NEWS

Bank Indonesia Surprises With 25bps Rate Cut as Gov't Confident the Worst Has Passed

Bank Indonesia, the country's central bank, has cut its benchmark interest rate in a surprise move to accelerate economic recovery

NOVEMBER 19 #ECONOMY

Jokowi Says Investing in Indonesia is Easier than Ever

The president touts the recently-enacted job creation law as key in structural reform.

NOVEMBER 19 #ECONOMY

Indonesian Stocks Still Have Room to Gain: Morgan Stanley

Morgan Stanley sees the Indonesian stocks still have room to gain next year on the back of an imminent economic recovery.

NOVEMBER 19 #ECONOMY

EU Drops Anti Dumping Investigation on Indonesian Stainless Steel

The decision ensures access a key market for Indonesia's steel industry, which has ramped up its production capacity in the past few years.

NOVEMBER 18 #TRADE

Telkom Sinks $150m in Gojek to Expand in Digital Economy

State-controlled Telekomunikasi Indonesia, or Telkom, has decided to invest $150 million in Aplikasi Karya Anak Bangsa.

NOVEMBER 17 #CORPORATE NEWS

EV Battery Giant CATL to Invest $5.1b for a Factory in Indonesia

China's CATL has decided to invest $5.1 billion in Indonesia to build a manufacturing plant for electric vehicle batteries.

NOVEMBER 17 #CORPORATE NEWS

US Tech Giant Amazon to Invest $2.8b in West Java Data Center

Seattle-based tech giant Amazon will invest north of $2.8 billion in a data center for its cloud computing service in West Java.

NOVEMBER 16 #CORPORATE NEWS

Indonesia Eyes Multiple Benefits from RCEP

Indonesia expects double-digit growth bumps in exports and investment and a long-term boost in economic growth following the historic deal.

NOVEMBER 16 #TRADE

Indonesia's Resilient Digital Economy Up 11% to $44b in 2020: Google

Indonesia’s digital economy sets to expand by 11 percent to $44 billion in 2020, showing resilience amid the Covid-19 pandemic.

NOVEMBER 11 #ECONOMY

Public Works Ministry Eyes to Continue New Capital Constructions in 2021

The government has been working on the new capital city project despite the Covid-19 pandemic that has put much of the fieldwork on hold.

NOVEMBER 10 #ECONOMY