US extends GSP status for Indonesia World

US extends GSP status for Indonesia

Indonesia’s Foreign Minister Retno LP Marsudi said on November 1 that the country has retained its status as a beneficiary of the US’s Generalized System of Preferences (GSP) following a recent visit to Jakarta by US Secretary of State Mike Pompeo.
Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Indonesia to extend assistance to small businesses World

Indonesia to extend assistance to small businesses

Indonesian Minister of Cooperatives and Small and Medium Enterprises Teten Masduki has said his Government is seeking to expand its business assistance programme to around 3 million more small businesses affected by the COVID-19 outbreak by reallocating funds from other programmes within the government’s stimulus plan.
Grab contributes 5.45 bln USD to Indonesian economy: Research World

Grab contributes 5.45 bln USD to Indonesian economy: Research

Ride-hailing firm Grab Indonesia contributed 77.4 trillion rupiah (5.45 billion USD) to the Indonesian economy last year, largely thanks to its food delivery service, while providing gig work for the country’s informal workers, according to a research conducted by the Centre for Strategic and International Studies (CSIS) and Tenggara Strategics.
Indonesian consumer confidence plunges in May World

Indonesian consumer confidence plunges in May

Indonesia’s consumer confidence index (IKK) dropped to 77.8 in May from 84.83 in the previous month, indicating consumer pessimism about the domestic economy’s prospects, a Bank Indonesia (BI) survey has shown.