Indonesia to expand social aid, incentives for businesses World

Indonesia to expand social aid, incentives for businesses

The Indonesian Government is planning to expand its social aid programme and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the economy in the second half of this year.
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.
Over half of population to shop online by 2025 Videos

Over half of population to shop online by 2025

Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per year, according to a master plan on e-commerce development for 2021-2025.
Indonesia rolls out 43-bln-USD stimulus for MSMEs, SOEs World

Indonesia rolls out 43-bln-USD stimulus for MSMEs, SOEs

The Indonesian government is rolling out a 641.17 trillion rupiah (43 billion USD) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs).
Indonesia announces 8.1 bln USD stimulus package to fight COVID-19 World

Indonesia announces 8.1 bln USD stimulus package to fight COVID-19

The Indonesian government announced on March 13 that it will allocate 120 trillion rupiah (8.1 billion USD) from the state budget to stimulate the economy by providing tax incentives and subsidies for workers, businesses and families affected by the COVID-19 outbreak.
Indonesia adds four more days to 2020 public holidays World

Indonesia adds four more days to 2020 public holidays

Administrative and Bureaucratic Reform (PANRB Ministry) Minister Tjahjo Kumolo, Manpower Minister Ida Fauziyah, and Religious Affairs Minister Fachrul Razi have signed a joint decree regarding national holidays and collective leave in 2020.
ADB: Indonesia less affected by COVID-19 outbreak World

ADB: Indonesia less affected by COVID-19 outbreak

The Asian Development Bank (ADB) has said Indonesia may not be affected severely by the global health emergency caused by COVID-19 outbreak, thanks to its minimal exposure to the global trade and its wide room to maneuver in monetary policy. ​
Vietnamese beauty market boasts excellent growth potential Business

Vietnamese beauty market boasts excellent growth potential

The personal care sector has enjoyed strong growth of 7 percent a year on average, higher than the fast moving consumers goods (FMCG) market, thanks to the skincare and make-up segment, according to a study by global data and consulting company Kantar Worldpanel.