Indonesia’s Manufacturing Sector to Reopen Under ‘New Normal’ Guidelines
May 29, 2020
Indonesia’s manufacturing industry accounts for almost 20% of the country’s gross domestic product (GDP), making it the largest business sector in the economy, according to a local media report.
The lock-down and restrictions pertaining to the COVID-19 pandemic which forced the closure of shops, factories, schools and offices has taken a toll on the manufacturing industry as nation-wide lay-offs have led to a decline in production. According to Industry Minister, Agus Gumiwang Kartasismita, factories across Indonesia have seen productivity levels drop to 20-30% over the past few months.
As the economy prepares to re-open, Indonesia’s Industry Ministry will issue s...