#domestic consumption

Collection of domestic consumption news, found 286 news.

BI lowers economic growth forecast to 4.1-5.1%

Bank Indonesia (BI) has revised its national economic growth forecast for 2021 downward to 4.1-5.1 percent from 4.3-5.3 ...

APEC sees softer contraction in 2020, uneven recovery in 2021-2022

Rebound in economic activity in the Asia-Pacific region in the second half of 2020 and continuance of fiscal and ...

Industry minister underscores drivers of industry performance in 2021

Industry Minister Agus Gumiwang Kartasasmita highlighted the COVID-19 mass vaccination program and enactment of Law No. ...

Indonesia offers improved business climate to American investors

Indonesia is currently offering an improved business climate to investors globally, including the Americas, as the ...

President Jokowi calls for equitable access to COVID-19 vaccines

Indonesian President Joko Widodo (Jokowi) has called for equitable access to COVID-19 vaccines for every country. He ...

Indonesia calls on G20 to help poor countries recover from pandemic

Indonesia's President Joko Widodo has called on G20 Leaders to support low and middle income countries struggling ...

COVID-19 pandemic dampens Indonesia's palm oil exports by 11 percent

Indonesia's palm oil exports decreased by 11 percent from the corresponding period in 2019, as the world grapples ...

Indonesia to have less challenging economic recovery process

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has said that the World Bank believes ...

Indonesian diaspora to build tempe factory in Indiana, the US

An Indonesian diaspora will establish the first large-scale factory for tempe, or soybean cake, in the US state of ...

Jokowi sets 4.5-5.5 percent economic growth target range in 2021

President Joko Widodo (Jokowi) has set a target range of 4.5-5.5 percent for Indonesia's economic growth rate in ...

Ministry prepares road map for 35-percent import substitution

The Ministry of Industry (Kemenperin) is preparing a road map to reach the target for 35-percent import substitution ...

Government's strategy for economic recovery to drive domestic demand

Chairman of the Financial Services Authority's (OJK's) Board of Commissioners Wimboh Santoso believes the ...

COVID-19 crisis to deepen economic slump in APEC: report

The economic contraction from the coronavirus pandemic in the APEC region is expected to be deeper than previously ...

Jokowi candid about all beneficiaries yet to receive social assistance

President Joko Widodo (Jokowi) acknowledged that the social assistance to alleviate the impact of the COVID-19 pandemic ...

PMI slumps as manufacturing industry vastly dependent on consumption

Indonesia's manufacturing sector is highly dependent on domestic consumption, so the declining purchasing power of ...