The pharmaceutical industry has been a center of focus in the coronavirus (COVID-19) crisis because it has an important role to play. This industry discovers, develops, produces, and markets (pharmaceutical) drugs for use as medications, with the aim to cure the patients, vaccinate them, or alleviate the symptoms. Hence, developing a vaccine or cure to COVID-19 is the responsibility of the pharmaceutical industry.
Update COVID-19 in Indonesia: 228,993 confirmed infections, 9,100 deaths (16 September 2020)
18 September 2020 (closed)
USD/IDR (14,768) -110.00 -0.74%
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Jakarta Composite Index (5,059.22) +20.82 +0.41%
The Business Columns section of Indonesia Investments provides in-depth columns that exhibit an analysis regarding subjects that are both important for understanding the Indonesian business climate and have high news value in the current state of Indonesia's economy. As a whole these columns should provide the reader a thorough and detailed picture of multiple Indonesian business sectors and be a source of ideas or inspiration to invest - or not to invest - in specific sectors of the Indonesian economy.
The manufacturing sector is a strategic one for the Indonesian economy (albeit it is facing a number of major challenges). The Indonesian government therefore has high hopes and ambitions for the national manufacturing sector.
Over the past five decades the Indonesian economy has evolved from one being highly dependent on agriculture to one in which industry and services dominate the national economy.
For the second consecutive month Indonesia recorded a big trade surplus. According to the latest data from Indonesia’s Statistical Agency (BPS), the country posted a USD $1.27 billion trade surplus in June 2020.
The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.