An Eight-fold Growth Potential for Indonesia’s Digital Economy Forecasts indicate Indonesia’s digital economy may reach Rp4,531 trillion by 2030. The Republic of Indonesia’s Ministry of Trade is confident that Indonesia’s digital economy will achieve its tremendous potential for expansion. As more people adopt digitalization of their everyday activities, e-commerce and the digital economy will continue…
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Government Can Expedite Over 5% Economic Growth With Indonesia’s Manufacturing Industry Indonesia’s manufacturing industry has the capacity for higher economic growth with suitable policies and strategies in place. The Republic of Indonesia has the capacity and capability to increase its economic growth by more than 5%. According to the Centre of Reform on Economics (CORE),…
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Manokwari Proposed as Second Strategic Tourism Area for West Papua West Papua province’s plans for tourism boost with a proposal of a second strategic tourism area. The West Papua Government is focusing on the huge potential for tourism offered by Manokwari, South Manokwari, and Arfak Highland. They are part of a master plan currently being…
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Micro Waqf Bank Aims to Provide Opportunities for How Low-income People Do Business Low-income people do business better with financial literacy and freedom. The Republic of Indonesia’s Micro Waqf Bank scheme will positively impact how low-income people do business. Micro Waqf Banks aim to redress industry concerns that have hampered this group in their business…
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Ministerial Induction of Merakes Gas Field Development Project Timely commencement of Merakes gas field development project as global oil prices show signs of recovery. The Merakes gas field development project was officially inaugurated by the Minister for Energy and Mineral Resources recently. The inauguration ceremony took place at the Jangkrik Floating Production Unit (FPU) in…
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Indonesia’s Investment Ministry Optimistic on New Economic Growth Zone Lebak District Lebak District to benefit from potential investment influx upon becoming a new economic growth zone. The construction of better road and transport infrastructure is bringing positive change to the Lebak District. Located in the Banten Province of the Republic of Indonesia, Lebak has been…
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West Nusa Tenggara’s Tourism Set to Boom With Rp3.7 Trillion Grant From Indonesian Government Development to Be Accelerated With Strategic and Sustainable Activities The Ministry of Tourism and Creative Economy or Kemenparekraf RI has rolled out strategic plans to boost tourism in Indonesia. The Ministry stated that a key aim is the Rp3.7 trillion in…
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Indonesia and UK to Boost Economic Recovery With Stronger Agricultural Trade and Investment Opportunities Both countries focus on solidarity and collaboration via transparency, inclusiveness, and international cooperation. Indonesia’s Minister of Foreign Affairs and the UK’s Foreign Secretary have reached an agricultural trade and investment understanding. The two dignitaries met in Jakarta at the 3rd Indonesia…
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Government Has Identified Five New Priority Tourist Destinations Indonesia’s Government is preparing to spend Rp 4.01 trillion (US$275.15 million) in 2021 in five areas (the five new Balis) that have been identified as priority tourist destinations. Indonesia’s Public Works and Housing Ministry (PUPR) says roads, clean and raw water supply, residential improvements, sanitation, and waste…
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Indonesia and Turkey Push for Digital Economic Cooperation Indonesia believes that the digital economy is the solution to the global economic crisis at the Bosphorus Summit because of the cross-border economy it can facilitate. With the support of a good ecosystem, a spillover into the non-digital economic sector is possible. The COVID-19 pandemic caused an…
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