Category: Business

WB suggests four policies to facilitate Indonesia’s crisis recovery

Jakarta (ANTARA) – The World Bank, through the Indonesia Economic Prospects (IEP) report titled “Boosting The Recovery,” has put forward four policies to boost recovery to enable Indonesia to recover from the impact of the COVID-19 pandemic crisis. “We will discuss priority policies,” World Bank Country Director for Indonesia and

Bogor allots Rp900 million of budget for rice farming insurance

Cibinong, Bogor, W Java (ANTARA) – Bogor District in West Java has apportioned Rp900 million of the regional budget for rice farming insurance in 2021. “The farming insurance card is a synergy program with the Agriculture Ministry, wherein Bogor District has allocated Rp900 of the insurance fund for 25 thousand

Bright prospects for SMEs expanding footwear market to Nigeria

Jakarta (ANTARA) – Indonesia’s small- and medium-scale entrepreneurs (SMEs) have the opportunity to expand the footwear market to Nigeria, according to the Trade Ministry. “Amid the COVID-19 pandemic, the Trade Ministry has continued to facilitate businesspersons, especially SMEs, to expand their export market. SMEs are expected to seize the market

Eye on economic recovery, BI holds benchmark rate at 3.5%

Jakarta (ANTARA) – During a meeting on Thursday, Bank Indonesia’s board of governors decided to leave the BI Seven-Day Reverse Repo Rate (BI7DRRR) unchanged at a record low of 3.5 percent. “The decision is consistent with the low inflation forecast and efforts to maintain the rupiah’s stable exchange rate and

WB suggests four strategies for job creation in Indonesia

Jakarta (ANTARA) – The World Bank has recommended four reforms to generate jobs in Indonesia, which has been hit hard by the COVID-19 pandemic, in its Indonesia Economic Prospects (IEP) report titled ‘Boosting the Recovery’. “The reformation plans for creating jobs can be built on four pillars,” World Bank’s representative

Rupiah appreciates 0.49 percent against greenback in June: BI

Jakarta (ANTARA) – The Indonesian currency gained an average of 0.49 percent against the US dollar since early June, driven by foreign capital inflows into the domestic market, according to Bank Indonesia (BI). “The rupiah’s exchange rate strengthened along with foreign capital inflows and BI’s stability measure,” BI Governor Perry