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View all search resultsIndonesia has seen a steep decline in the number of artisanal batik producers over the past four years across key production centers from Java to Sumatra, as pressure mounts from a surge of mass-produced batik-like fabrics, most of which are imported.
China's President Xi Jinping met with global CEOs in Beijing on Friday, as the government tries to woo foreign firms whose investment could give the ailing Chinese economy a boost and help insulate it against simmering geopolitical tensions.
Experts from CELIOS and the EIU have both cautioned of potential economic repercussions from the recently passed TNI Law revision, particularly as regards the investment climate vis-à-vis external perceptions of Indonesia's democracy.
A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor.
The Indonesian Employers Association (Apindo) submitted on April 6 a proposal to the Office of Coordinating Economic Minister and the Workers Social Security Agency (BPJS Ketenagakerjaan), asking to postpone the payment of THR for a year due to the COVID-19 crisis.
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