Business | Jakarta Globe

Government plans to increase spending on food security, telecommunication, industrial estates, education, and healthcare.

The company raises enough cash to steady its footing and bounce back after the Covid-19 pandemic.

Digital transactions at four major e-commerce sites in Indonesia would double this year to $29 billion from $14 billion last year.

Foreign direct investment into Indonesia has dropped 6.9 percent in the second quarter from the same period last year.

The company is building a new rice processing plant in South Sumatra to boost production capacity by 27 percent by next year.

President Joko "Jokowi" Widodo has concocted a new committee tasked with dual aims of maintaining the economy and beating the pandemic.

JULY 21 #POLICY

Indofood CBP Sukses Makmur is cleared to acquire Pinehill Company from another Salim-controlled firm, Pinehill Corpora.

The central bank cut its benchmark interest rate to 4 percent to prop up the economy that could have shrunk by 4 percent in the 2nd quarter.

A trial run in Pertamina's Dumay refinery produced 1,000 barrels biofuel per day early this month.

The move that reflects confidence in the lender's stability and improvement.

Widodo Makmur Unggas, an integrated poultry company, mulls a plan to raise Rp 2 trillion, or $139 million, in October IPO.

Jokowi has been lamenting how slow the ministries and state institutions spend the $48.6 billion stimulus package.

Moody's said an upgrade of Modernland's ratings was unlikely.