Indonesia’s economy to slightly recover in 2020 as global uncertainties ease

NewsWritten by Aello ConsultingJuly 10, 2021

Indonesia’s economy is expected to perform slightly better in 2020 on the back of improved commodity prices and easing external pressures, economists have said. In its latest Global Economic Prospect report, the World Bank forecast Indonesia would book 5.1 percent gross domestic product (GDP) growth in 2020 and 5.2 percent in 2021. The figures were 0.2 percent lower compared with its

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Insights and trends of e-commerce in Indonesia [market analysis]

NewsWritten by Aello ConsultingMay 4, 2020

Indonesia has the largest population in Southeast Asia, by far, and an e-commerce penetration that is still very low, making it one of the hottest e-commerce markets in the world. Attracting both global and local companies’ interests, Indonesia now has a fast-growing e-commerce scene poised to become a global powerhouse. Still inferior to 1% of all sales in Indonesia, e-commerce is

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Indonesia Aims for Fastest Growth of Jokowi’s Term

NewsWritten by Aello ConsultingMay 4, 2020

The Indonesian president’s words were surprisingly steadfast and straightforward. Holding the attention of an arena with tens of thousands of supporters, Joko “Jokowi” Widodo seemed to be making threats. “We must invite as much investment as possible to create jobs. No one should be allergic to investment… Anything that obstructs investment must be trimmed.” Among his list of trimmable obstructions are

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Hong Kong seeks new markets through Asean free-trade deal as US-China trade war rages on

NewsWritten by Aello ConsultingMay 4, 2020

Free-trade deals with Singapore, Thailand, Vietnam, Laos and Myanmar take effect on Tuesday, with the rest of the bloc to follow Government has vigorously funded local ventures to new markets The intensifying US-China trade war has battered Hong Kong, prompting it to look to new markets and trade mechanisms such as those presented by the upcoming free-trade deal with Asean, the

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Consumption king for Indonesia’s new middle class

NewsWritten by Aello ConsultingMay 4, 2020

A new sophisticated new class has emerged in Indonesia and some are already cashing in. It’s early afternoon at Jakarta’s Kemang Village shopping mall and despite the monsoonal heat the country’s new consumer class are sitting in outdoor lounges drinking coffee, smoking cigarettes and taking selfies. To soupy pop songs they are doing their best to be noticed and in doing

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Hong Kong budget 2019 offers boost for businesses looking abroad for new markets amid US-China trade war

NewsWritten by Aello ConsultingApril 29, 2020

Finance chief says recent changes in global environment have affected local businesses, particularly small and medium-sized ones So he will pump an extra HK$1 billion into a matching fund to help them boost their brands and upgrade products for export Businesses in Hong Kong will get more money and access to extra overseas markets under a programme intended to boost their

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