The economy of G-20 member Indonesia has huge potency to recover from the impacts of the ongoing COVID-19 pandemic, Asian Infrastructure Investment Bank’s (AIIB’s) Vice President and Chief Administration Officer, Luky Eko Wuryanto, stated.

Indonesia is set to relax property rules soon to make it easier for foreigners to own homes in the country, a Cabinet minister said on Thursday (July 23), in a major change that could spur the slumping economy.

PT Bank Rakyat Indonesia (Persero) Tbk (BRI), the largest bank in Indonesia, and FWD Group (FWD), a leading insurance company in Asia announced its strategic cooperation plan in life insurance today.

President Joko “Jokowi” Widodo announced on Tuesday that seven foreign companies had confirmed plans to relocate production facilities to Indonesia, mostly from China, an encouraging signal for the country’s investment climate amid the pandemic.

The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) is the latest bilateral trade agreement to be ratified by the Indonesian government.

While the global pandemic has understandably affected construction timelines around the world, Invest Islands’ development of a 150-room beachfront resort and residence at the site continues.