BI pushes for open banking development amid data security concerns

Bank Indonesia (BI) has urged the financial industry to develop an open banking system to boost financial inclusion, but a lack of security standards...

Tourism Minister proposes further tax cuts, additional loans for hard-hit industry

Tourism and Creative Economy Minister Wishnutama Kusubandio has proposed a full exemption from corporate income tax for all firms in the tourist and creative...

UK, EU rule out quick post-Brexit deal

Britain and the European Union on Thursday broke up their latest round of post-Brexit trade negotiations by ruling out a quick deal but voicing...

Govt allows MSMEs to obtain tax ID numbers through state-owned banks

Micro, small and medium enterprises (MSMEs) can now obtain tax identification numbers (NPWP) through state-owned banks, as the Taxation Directorate General seeks to simplify...

Government mulls new social assistance for cash-strapped small businesses

The government is mulling over a plan to introduce a grant, or “productive social assistance”, to help hard-hit micro, small and medium enterprises (MSMEs)...

Govt. channels Rp 11.84t to MSMEs and cooperatives, admits slow disbursement

The government has channeled Rp 11.84 trillion (US$809.1 million) from the COVID-19 stimulus package to small businesses and cooperatives as of Tuesday but conceded...

Indonesia records FDI decrease in second consecutive quarter

Indonesia recorded a further decline in foreign direct investment (FDI) realization in the second quarter this year, as the COVID-19 pandemic batters both the...

Indonesia’s horticultural products more expensive than neighbors, says Japan’s Nanyang

Indonesia’s exports of horticultural products such as fruit, vegetables and spices to Japan remain uncompetitive because of high prices, officials have said. Japanese food products...

Highflying Tesla reports surprise profit despite COVID-19 upheaval

Tesla reported a surprise second-quarter profit Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for...

Microsoft sees growth amid pandemic computing demands

Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big...

Light at end of tunnel for auto industry as June car sales rebound: Experts

Indonesia’s automotive industry players can breathe a sigh of relief as national car sales in June rebounded strongly, promising a smoother road for the...

Indonesian businesses ramp up cybersecurity budget amid rampant attacks

Indonesian companies plan to increase their cybersecurity budget this year amid the high number of cyberattacks during the pandemic, signalling a growing awareness and...

Telefast Indonesia to expand services, targets jobseekers

Human resources management solution firm PT Telefast Indonesia plans to expand its services amid rising unemployment caused by the COVID-19 pandemic, a company executive...

South Korea enters recession as exports plunge by most since 1963

The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the coronavirus pandemic...

Indonesia loses up to 15,000 barrels of oil daily from illegal drilling

Indonesia is estimated to lose between 10,000 and 15,000 barrels of oil per day (bopd) from oil theft in several regions, according to the...

Snap misses user growth estimates, shares fall

Snap Inc said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast...

Gojek appoints former Amazon senior engineer as CTO

Indonesian decacorn Gojek announced on Wednesday that it had appointed former Amazon software development director Severan Rault as its new chief technology officer (CTO)...

Japan’s July factory activity extends declines into third quarter as demand sags: PMI

Japan’s factory activity contracted for a 15th straight month in July, indicating the economic pain from the coronavirus crisis extended into the third quarter...

WhatsApp launches business catalog feature, training program for SMEs

Instant messaging platform WhatsApp has released a new feature to allow business accounts to display their product catalogs through a hyperlink as the company...

Want to make profits from coffee in China? It’s actually a grind

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still...

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