Written by Aello ConsultingJuly 10, 2021 As a year of fires around the world from Brazil to Australia drew to a close, Indonesia’s capital was having the opposite problem. On the last night of 2019, more than 35 centimeters (14 inches) of rain fell on the sprawling city, causing rivers to burst their banks and inundate thousands of homes. At least 60 people died, with floodwaters rising
Written by Aello ConsultingJuly 10, 2021 To help Hong Kong enterprises capture the opportunities arising from the National 12th Five-Year Plan, the Hong Kong Special Administrative Region Government set up a “Dedicated Fund on Branding, Upgrading and Domestics Sales” (“the BUD Fund“) in June 2012 to assist enterprises in exploring and developing the Mainland market through developing brands, upgrading and restructuring their operations and promoting domestic sales
Written 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
Written 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
Written 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
Written 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
Written 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
Written 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