Executive column: Nissan Indonesia CEO shares details of business plan after plant closure

Nissan Motor Indonesia (NMI), the local arm of Japanese carmaker Nissan Motor, has officially closed its plant in the country following discouraging sales and a global restructuring plan to improve the brand’s finances after reporting a US$6.2

Private sector infrastructure funding needs boost as SOEs overleveraged: World Bank

The World Bank has urged the Indonesian government to improve public-private partnership (PPP) financing schemes to attract more private capital that could fill the government’s budget shortage on infrastructure projects.“Mobilizing cap

China mainland allows cross-border wealth flows with HK, Macao

The Chinese mainland moved to further deepen its economic ties to Hong Kong, allowing two-way, cross-border purchases of wealth products. As per detailed announced, a pilot program will facilitate cross-border purchase of wealth management products

Government unveils new rule to guarantee loans for MSMEs as risk aversion rises

The government has unveiled a new rule to guarantee working capital loans for micro, small and medium enterprises (MSMEs) in a bid to boost credit disbursement from banks, as risk aversion increases amid the COVID-19 pandemic.Finance Ministry Regul

Govt owes Pertamina Rp96.5t for three years of fuel subsidies

The government has yet to compensate state-owned oil and gas giant Pertamina Rp 96.5 trillion (US$6.8 billion) for fuel subsidies given to the poor from 2017 to 2019.Rp 20.79 trillion was from 2017, Rp 44.85 trillion from 2018 and Rp 30.86 trillion

Govt boost exports of SME products through virtual business matching, coaching

The Trade Ministry is trying to spur exports by small and medium enterprises (SME) by connecting them with potential buyers abroad through virtual business matching events.In a virtual meet-up in mid-May, West Nusa Tenggara-based brown sugar produc

Travel agency Trip.com expects Indonesian nature to lure tourists after pandemic

Indonesia will still be a lucrative tourist destination in the post-pandemic era with its nature-based attractions, seen to be the new destination preference going forward, global online travel agency Trip.com Group stated.Trip.com Group CEO Jane S

OJK sees insurance industry growing amid pandemic

The Financial Services Authority (OJK) has seen a growing awareness of the need for insurance products among the public because of the COVID-19 pandemic. According to Ahmad Nasrullah, OJK’s head of nonbank financial institution supe

Calls to rename John Wayne airport and remove statue over racist remarks

John Wayne's name and statue should be removed from Orange County's airport in California because of racist comments, local politicians are demanding.An emergency resolution has been passed condemning the actor's remarks made in a 1971 interview, whe

Calls to rename John Wayne airport and remove statue over racist remarks

St Louis: US couple who pointed guns at protesters in video 'were in fear of their lives'

A couple who were filmed pointing guns at protesters in St Louis as the activists marched outside their mansion say they were "in fear of their lives" from an "angry mob".The demonstrators were demanding the city's mayor resign after revealing the pe

St Louis: US couple who pointed guns at protesters in video 'were in fear of their lives'