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.

#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

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

VISION

Jakarta Cosplayer's Posthuman World

An amateur cosplayer obsessed with anime and manga has developed a special connection with his toys.

#EYEWITNESS

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

Greater Jakarta Faces 15.2% Output Loss From Pandemic: Economist

Social restrictions and work from home policy are big factors in losses of income and output.

MAY 20 #ECONOMIC IMPACTS

Central Bank Buys $1.6b in Gov't Bonds and Set to Buy More

Bank Indonesia has bought Rp 22.8 trillion in government bonds and promises to remain active in the primary market.

MAY 19 #ECONOMY

Indonesian Smartphone Market Takes Huge Hit From Pandemic

Smartphone shipment to Indonesia was down 24.1 percent in the first quarter of this year.

MAY 19 #TECH

Indonesia Eyes Biggest Deficit in Three Decades as the Country Sets to Cut Corporate Income Tax

The state budget would be set back by Rp 20 trillion as the government planned to cut the corporate tax rate to 22 percent from 25 percent.

MAY 19 #ECONOMY

US Pharma Company to Relocate Plant to Central Java From China

Indonesia's drug manufacturers are still heavily reliant on imported raw materials.

MAY 18 #CORPORATE NEWS