Bank Indonesia (BI) left its benchmark rate unchanged at 3.50% at its May 2021 monetary policy meeting (MPC).
Consequently, Bank Indonesia maintained the Deposit Facility rate at 2.75%, as well as the Lending Facility rate at 4.25%. The bank stated that the decision is consistent with the forecast for inflation...
Indonesia is one of the emerging market economies of the world. With more than 270 million people, Indonesia is the world's fourth-most populous country, with majority of population being Muslim.
From a Dutch colony, to the largest economy in Southeast Asia. The country has travelled quite a road.
You see, Indonesia...
Asian equities were in green on Monday if one can ignore covid woes in key regional areas mainly in India, Indonesia and the Philippines. In doing so, the broader sentiment follows Wall Street's gain after the US economics stay firm following the faster jabbing in the West. Though, Europe's...
Economists at UOB Group are expecting constructive prospects for Indonesia following a US-China recovery.
Bringing the COVID-19 pandemic under control with vaccination drives is a key game changer and the world's two biggest economies are not lagging behind. The strong recovery from both countries can provide a tailwind for Indonesia's...
Indonesia has made coronavirus vaccination for citizens compulsory and is set to allow the private sector to help inoculate the population to reach herd immunity faster.
A regulation amended earlier this week now means people who are eligible for vaccination but refuse a jab can be penalised.
Sanctions could involve fines,...
Indonesia’s vice president has recently stated that the country’s halal industry has to expand its role in the global trade of halal products, in addition to meeting the massive domestic demand for said products.
Speaking in a virtual discussion, Ma'ruf Amin said Indonesia remains one of the largest consumers of...
Through the years, technological advancements in the medical device industry have emerged. The implementation of smart medical technology not only significantly increase surgery accuracy and efficiency, it also makes large medical devices less complicated and easier to use. Taiwan, an expert in machinery integration and automated production, is leading...
The Indonesian government eyes Japanese companies to relocate to Indonesia as it launched an integrated data platform to spur investment and economic relations between the two countries.
The integrated data platform, dubbed Japan-Indonesia Partnership Lounge (JAIPONG), is set to provide information on economic cooperation opportunities between Japan and Indonesia, as...
Indonesia has invited Malaysian companies to cooperate in developing the halal products industry for the economic interests of both countries.
Indonesia’s Deputy Villages, Disadvantaged Regions and Transmigration Minister Budi Arie Setiadi said Malaysia had extensive experience and involvement in the industry, while Indonesia had vast amounts of resources and materials,...
The Indonesian government is urging SMEs to export food and beverage products that have gained popularity in overseas markets in an effort to help the nation’s economy recover amidst the devastating effects of the global COVID-19 pandemic.
Victoria Simulangkit, the deputy of production and marketing at the Cooperatives and SME...
With SMEs making up a huge chunk of Indonesia’s economy and workforce, it is no wonder that the country is doing everything it can to make sure they make it out the pandemic in one piece. In a bid to help 10 million SMEs in Indonesia adopt digital technology...
Indonesian’s SMEs could potentially contribute an additional US$164 billion to the country’s GDP in 2024 if they are able to become more digitally mature, stated a recent study.
According to the 2020 Asia Pacific Small Medium Business Digital Maturity Study by technology company Cisco and International Data Corporation (IDC), digitally...
