Second Revision to State Budget Expected as Gov't Expands Covid-19 Relief Package

Tax revenue is expected to fall further this year while bills for Covid-19 pandemic mitigation keep piling up.

#ECONOMY

Siloam Hospitals Builds On Strong 2019 Performance

Siloam is shifting gear to focus on building strong centers of excellence to boost its assets' ability to generate income.

JUNE 05 #CORPORATE NEWS

No Comment, Just Yet: Indonesia Silent on Trump's Plan to Fight Netflix Tax

The government has not reacted to a US plan to begin investigations into digital service taxes in several countries, including Indonesia.

JUNE 04 #POLICY

Facebook, PayPal Invest in Gojek

Gojek said it had helped more than 100,000 small businesses expand online in the past three months amid the coronavirus pandemic.

JUNE 04 #CORPORATE NEWS

Lion Air to Ground All Flights on Friday as Passengers Fail to Comply With Covid-19 Health Protocol

The budget airline resumed flights on Monday but had to turn away many passengers who failed to meet the new health protocol.

JUNE 03 #CORPORATE NEWS

Covid-19 Pushes Inflation to Lowest Level in Two Decades

The last time Indonesia saw lower inflation than May's 2.19 percent was in June 2000.

JUNE 02 #ECONOMY

Jokowi Wants Jakarta-Bandung Fast Train to Extend to Surabaya

The plan urges China and Japan, former rivals in the original project, to work together for Indonesia's high-speed railway network.  

MAY 30 #ECONOMY

VISION

Meikarta Introduces Drive-In Dining

Meikarta has introduced a new drive-in dining experience to help their food and beverage tenants get back on their feet during the pandemic.

#EYEWITNESS

Meikarta Introduces Drive-In Dining

Meikarta has introduced a new drive-in dining experience to help their food and beverage tenants get back on their feet during the pandemic.

June 03 #EYEWITNESS

World Bank Approves $250m Loan for Indonesia's Covid-19 Relief

Indonesia receives $250 million fund from the global financial institution to improve its pandemic response.

MAY 29 #ECONOMY

Penetrating Post-Pandemic Chinese Market With Stories

Businesses can work on product storytelling and localized packaging to gain entry to the post-pandemic Chinese market.

MAY 29 #TRADE

Dozens of Malls Reopen in Medan

In Jakarta, Governor Anies Baswedan dismissed reopening malls as "fiction."

MAY 29 #ECONOMY

Kalbe Farma and South Korea's Genexine to Start Human Trial for Covid-19 Vaccine

Tests on primates have shown the vaccine can produce antibodies capable of neutralizing the SARS-CoV-2 virus.

MAY 29 #CORPORATE NEWS

Rupiah Set to Return to Pre-Pandemic Level: Bank Indonesia

Morgan Stanley says Indonesia could be among the first economies in Asia to return to pre-pandemic levels.

MAY 28 #ECONOMY

BCA's Q1 Result Lends Solid Footing as Bank Restructures Loans to Help Businesses

Large-scale social restrictions have hit the economy hard and many companies are at risk of failing to pay back loans.

MAY 28 #CORPORATE NEWS

Relaxing Social Restrictions May Not Boost Economy

Economic growth this year will remain at minus 2 percent if social restrictions only get phased out in the third quarter.

MAY 27 #ECONOMY

Nike Factory Sacks Nearly 5,000 Workers in Indonesia

Victory Chingluh is a Taiwanese sportswear company that runs two factories in Indonesia.

MAY 25 #CORPORATE NEWS

Health Ministry Issues Guidelines to Reopen Shops and Offices

The guidelines include mandatory wearing of masks and putting a stop to overtime and "third-shift."

MAY 25 #POLICY

No Trade-Off Between Health and Economy: Finance Minister

The government said earlier that it is preparing steps for loosening Covid-19 restrictions to reopen the economy.

MAY 24 #ECONOMY

Indomie Maker Still Books Profit in Q1

Increasing sales of Indofood's premium instant noodles give the company solid footing despite the coronavirus crisis.

MAY 22 #CORPORATE NEWS

Bangkok Bank Completes Permata Takeover

The move is expected to consolidate Bangkok Bank's position in Indonesia's banking system.

MAY 21 #CORPORATE NEWS

What About Us?: Indonesia's Private Employers Demand More Stimulus

Lack of stimulus for the private sector could undermine Indonesia's ability to recover after the Covid-19 pandemic passes.

MAY 21 #ECONOMY