While some of its peers have started hinting at a policy shift, Bank Indonesia has pledged to keep policy accommodative as long as possible to support a soft economy that is struggling to get Covid-19 under control.
Business
After riding Asia Pacific’s e-commerce wave in establishing a portfolio of six million square metres (64.6 million square feet) of warehouse projects, Australian Logos Property is adding data centres to its arsenal of projects through an Indonesian joint venture unveiled today.
As founding members of GoTo Group, the 30-somethings are responsible for creating Indonesia’s newest and most valuable tech company after merging their ride-hailing and e-commerce start-ups in the country’s biggest-ever business deal.
A long-delayed project to construct the first railway on the Indonesian island of Sulawesi is gaining traction, with contractors securing 693.8 billion rupiah in an Islamic law-compliant syndicated loan led by Bank Syariah Indonesia.
More and more Indonesian start-ups are announcing plans to go public after talks over mergers and special purpose acquisition companies (SPAC) escalated in recent months.
Indonesia needs to bring technology to agriculture and smaller businesses, for the country to unlock post-pandemic growth and become the seventh top economy by 2030, according to global consulting firm McKinsey & Company.
Indonesia Battery Corp. and a consortium led by South Korea’s LG Group are set to soon begin building a $1.2 billion electric vehicle battery plant, the Indonesian investment minister says.
A plan for 14 of Indonesia’s state-owned enterprises to publicly list should force them to implement higher standards of corporate governance.
PT Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as the airline seeks to survive the crisis wrought by the pandemic, its president told staff this week.
GoTo Group, the name of the new holding entity, covers a wide range of e-commerce and everyday services, including a “superapp” for ride-hailing and finance, and heralds a new age of regional internet-based business competition.
Major Indonesian convenience store chain Alfamart has prospered by meeting the daily needs of local consumers through its ubiquitous and well-stocked stores.
Over the coming years and decades, however, the world should begin to pay more attention to this rising global power that is already shaping the future of the Indo-Pacific order.
Indonesian startups targeting the country’s smaller cities are, slowly but surely, beginning to attract investor interest — even from a world-famous hip-hop artist.
Giving women the opportunity to learn and apply digital skills is a critical step to Indonesia’s post-covid economic growth, according to panelists Read more
From Germany-based BASF to Japan’s Sumitomo Metal Mining, overseas companies are rushing to set up nickel-processing facilities in Indonesia as the country bans exports of raw ore.
The National Development Planning Agency, or Bappenas, revealed that achieving net-zero emission would help Indonesia save the environment and escape the middle-income Read more
