Jakarta – Indonesia's economic situation is expected to improve soon, as the government is preparing a number of recovery plans, Coordinating Economic Minister Airlangga Hartanto has sa

Riska Rahman, Jakarta – The government has further downgraded this year's economic growth forecast amid the rise in COVID-19 cases ahead of the Christmas and New Year holidays, as well

Ester Nuky, Sanya Dinda, Jakarta – Indonesia's and South Korea's $9.1 billion electric car battery joint venture project has gotten a boost after the two countries signed a comprehensiv

Adrian Wail Akhlas, Jakarta – Indonesia's gross domestic product (GDP) is expected to shrink by 2 percent at worst or grow by 0.6 percent at best in the fourth quarter of this year, Coo

Dzulfiqar Fathur Rahman, Jakarta – Indonesia's abundant nickel reserves and the Job Creation Law may help the country attract investment from American electric automaker Tesla, an exper

Ridho Syukra, Jakarta – American food and giant Cargill has invested $100 million in its Indonesian subsidiary Sorini Agro Asia Corporindo to expand a sweetener factory in Pandaan, East

Adrian Wail Akhlas, Jakarta – President Joko "Jokowi" Widodo addressed on Wednesday 50 global business leaders in a virtual dialogue held by the World Economic Forum, in which he promot

Mardika Parama, Jakarta – Indonesia is collaborating with the World Economic Forum (WEF) to host a virtual forum on Wednesday that focuses on economic recovery in the country and the go

Adrian Wail Akhlas, Jakarta – Indonesia's economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise furth

Adrian Wail Akhlas, Jakarta – The lack of confidence in the economy among upper-middle-class citizens presents a hurdle for the nation's economic recovery, Finance Minister Sri Mulyani

Triyan Pangastuti, Jakarta – Contemporary Amperex Technology, or CATL, a battery manufacturer from China, has decided to invest $5.1 billion to build a manufacturing plant for electric

Nina A.

Jakarta – Indonesia's digital economy sets to expand by 11 percent to $44 billion in 2020 from $40 billion last year, showing resilience amid the Covid-19 pandemic that wreaks havoc on

Jakarta – Indonesia's assumed entry into its first economic recession since the 1998 Asian financial crisis will probably be confirmed by third quarter gross domestic product data (GDP)

Francisca Christy Rosana, Jakarta – An economist from the Institute for Development of Economics and Finance (Indef), Bhima Yudhistira Adhinegara, argued that President Joko Widodo or J

Dzulfiqar Fathur Rahman, Jakarta – Meybi Agensya Neolaka, born and raised in Kupang, East Nusa Tenggara, started her drumstick leaves company Timor Moringa two years ago with the simple

Dzulfiqar Fathur Rahman, Jakarta – Foreign direct investment (FDI) picked up in the July to September period from the pandemic-induced declines recorded in the preceding two quarters.

Adrian Wail Akhlas, Jakarta – President Joko "Jokowi" Widodo called on ministers and regional leaders on Thursday to keep inflation in check and expedite stimulus spending in an effort

Adrian Wail Akhlas, Jakarta – The economic crisis brought about by the COVID-19 outbreak has taken a toll on state-owned enterprises (SOEs) in the energy, transportation and infrastruct

Riska Rahman, Jakarta – Slowing loan growth and rising savings point to a continued plunge in economic activity in the third quarter of this year as consumer spending weakens, economist

Adrian Wail Akhlas, Jakarta – The government aims to lure Japanese companies into relocating to Indonesia, as it launched on Wednesday an integrated data platform to spur investment and

Adrian Wail Akhlas, Jakarta – Indonesia's economic downturn is likely to be worse than previously expected as Southeast Asia's largest economy struggles to contain the coronavirus pande

Francisca Christy Rosana, Budiarti Utami Putri, Jakarta – Institute for Development of Economics and Finance (Indef) economist, Bhima Yudhistira Adhinegara, argues that the constant cha

Caesar Akbar, Jakarta – An economic observer from the Institute for Development of Economics and Finance (Indef), Ahmad Heri Firdaus, opined that the strong objection voiced by people t

Rizki Fachriansyah, Jakarta – The government is encouraging the middle-income segment to spend more through online shopping platforms to help improve spending amid the economic downturn

Linda Yulisman, Jakarta – The Indonesian government has introduced a special micro-loan for entrepreneurial women from low-income families to help them grow their small businesses, as t

Herman, Jakarta – The annual inflation rate in Indonesia has inched up for the first time this year in September driven by an increase in some raw food prices, as consumer demands remai

Dzulfiqar Fathur Rahman, Jakarta – The majority of small businesses might have to shut down within six months, as the restrictions aimed at containing COVID-19 are bringing the Indonesi

Adrian Wail Akhlas, Jakarta – The government is going ahead with the plan to implement the so-called National Logistics Ecosystem (NLE) platform, expected to cut red-tape, reduce high l

Adrian Wail Akhlas, Jakarta – Finance Minister Sri Mulyani has said that the country's economic recovery from the COVID-19 pandemic will depend on the fiscal stimulus package and on eco

Kiki Siregar, Jakarta – The decision to re-impose a partial lockdown in Jakarta will hit the Indonesian economy this quarter, but these restrictions are necessary so that the economy ca

Adrian Wail Akhlas, Jakarta – Indonesia's gross domestic product (GDP) is expected to shrink even further than projected in the third quarter as capital city Jakarta reimposes large-sca

Adrian Wail Akhlas, Jakarta – Indonesia expects a long road to full economic recovery after Jakarta brought back strict social restrictions measures amid a continued rise in the number

Francisca Christy Rosana, Jakarta – The Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan P.

Adrian Wail Akhlas, Jakarta – Indonesia's retail sales fell again in July as consumers were still pessimistic, Bank Indonesia (BI) announced, as economists believe that indicators are s

Mardika Parama, Jakarta – The government's COVID-19 stimulus package for micro, small, and medium enterprises (MSMEs) is misguided and hampered by a lack of reliable data, experts have

Riska Rahman, Jakarta – The government is seeking to expand its business assistance program to around 3 million more small businesses affected by the COVID-19 outbreak by reallocating f

John McBeth, Jakarta – Retired general turned businessman and politician, Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan may cut a controversial profile, but

Wilmar Salim, Bandung – Indonesia saw 5.32 percent economic contraction year-on-year (yoy) during the second quarter due to the impact of COVID-19.

Harry Suhartono and Fathiya Dahrul – Indonesia's second-largest lender by assets says the nation's companies are set to demand more loans, as they scoop up assets made cheaper by the pa

Heru Andriyanto, Bogor – Indonesia has a month left to turn things around after experiencing a 5.32 percent contraction in its economy in the second quarter due to the economic impact o

Adrian Wail Akhlas, Jakarta – Indonesia's economy faces a "near-certain recession" in the third quarter this year, economists say, as a robust economic recovery will depend on whether t

Mardika Parama, Jakarta – High costs for logistics and electricity in Batam are burdensome for business, hampering the government's effort to attract investors to the free trade zone (F

Jakarta (Bloomberg) – Indonesia's efforts to revive the economy took a stumble as coronavirus outbreaks forced factories in one of its biggest manufacturing hubs to shut.

Dzulfiqar Fathur Rahman, Jakarta – President Joko "Jokowi" Widodo has launched the productive social assistance program for micro businesses to help them survive the economic crisis cau

Andree Surianta – For the past decade, the Indonesian government has stepped up efforts to mandate the use of the Indonesian language in all aspects of life.

Jakarta – President Joko "Jokowi" Widodo announced on Wednesday that the government will disburse Rp 2.4 million (US$161) in cash aid to micro and small enterprises starting next week t

Adrian Wail Akhlas, Jakarta – Indonesia is aiming to capitalize on the coronavirus crisis to conduct structural reforms including in human capital and infrastructure, among other things

Adrian Wail Akhlas, Jakarta – The government is pinning its hopes on a growth rate of around zero percent this year as it struggles to spend a Rp 695.2 trillion (US$47 billion) stimulus

Riska Rahman, Jakarta – The government has unveiled a new microcredit program (KUR) for laid-off workers and housewives who own micro-sized businesses to help them recover from the impa