News

‘I don’t think we can wait’: Business groups ready for ‘new normal’ despite risks

Businesspeople are prepared to press on with the government’s plan to gradually reopen the economy under health protocols to establish …
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Govt rolls out $43b stimulus in bid to rescue economy

The government is rolling out a Rp 641.17 trillion (US$43 billion) economic recovery stimulus, bigger than previous allocations, to soften …
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Indonesia must boost recovery spending to $40b to keep businesses afloat: Kadin

The government should boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic …
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Investors flock to Indonesia dollar bonds with sales at record

Indonesian borrowers are selling a record amount of dollar bonds, as the country’s strong fiscal track record in recent years …
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Gojek raises nearly $1m in funding for ‘super app’ expansion plans

Homegrown decacorn Gojek has secured Rp 14.5 billion (US$963,297) in fresh capital injection from seven investors during the last four …
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Bank Indonesia buys US$11.2b in govt bonds to support rupiah, financing needs

Bank Indonesia (BI) has bought up to Rp 173.1 trillion (US$11.24 billion) worth of government bonds from primary and secondary …
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‘Jamu’ to protective gear: Producers of most-wanted products facing business disruption

Companies producing highly sought-after items such as medicine, herbal drinks and protective gear are struggling to keep up with a …
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Will Indonesia’s telemedicine start-ups be the next unicorns?

Indonesians are shifting online for their medical consultations and purchases as hospitals remain overwhelmed by COVID-19 patients. This could result …
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KBank approved by Bank of Thailand to acquire 40 percent of shares in Bank Maspion

Reinforcing itself as a Regional Digital Bank, KASIKORNBANK (KBank) will establish its presence in Indonesia market by holding 40 percent …
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1.2 million Indonesian workers furloughed, laid off as COVID-19 crushes economy

The COVID-19 pandemic, which is spreading like wildfire in Indonesia, has taken not just lives but also the earnings of …
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