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Business 5 years ago
Car sales rise strongly in September amid massive year-on-year drop
Car wholesales are continuing their upward trend after crashing to the lowest point in May as the government has sped up stimulus disbursement to boost purchasing power while the Jakarta administration has loosened the reins on measures to contain the coronavirus.
Business 5 years ago
Factory activity improves in Q3 but remains below pre-pandemic level
Factory activity in Indonesia showed signs of improvement in the third quarter after recording the deepest slump ever in the previous quarter, as the reopening of the economy jacked up output and new orders, according to a Bank Indonesia (BI) survey.
Business 5 years ago
PREMIUM
Rebound in Indonesia’s manufacturing activity hinges on pandemic handling
The headline figure of Indonesia’s manufacturing Purchasing Managers’ Index (PMI) fell to 47.2 in September from 50.8 in August. A reading below the threshold point of 50 indicates a contraction in activities from the previous month.
Business 5 years ago
Companies struggle to sell due to weaker purchasing power: Employers association
Employers have said that companies have been struggling to market their products as Indonesia has been hit hard by the COVID-19 health crisis, which has weakened people's purchasing power in the country.
Business 6 years ago
COVID-19 fallout exacerbates noncompetitive, outdated textile industry: Experts
Experts say that the ongoing health crisis has only aggravated the multifaceted issues that had been undermining development and productivity of Indonesia's textile and garment industry over the past decade.
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