Research: Indonesia's Fastest Post-COVID-19 Business Recovery in Southeast Asia

Cindy Mutia Annur 06/10/2021 18:30 WIB

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Domestic business recovery reached 91% by early October 2021. This percentage is the highest compared to other Southeast Asian countries.

Business Recovery Rate of COVID-19 Affected Businesses in Southeast Asia

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Research: Indonesia's Fastest Post-COVID-19 Business Recovery in Southeast Asia

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Business Recovery Rate of COVID-19 Affected Businesses in Southeast Asia

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Research by data company ADA, titled ‘Southeast Asia Recovery Index’, shows that Indonesia has experienced the fastest business recovery in Southeast Asia following the impact of the Covid-19 coronavirus. According to ADA's data, business recovery in Indonesia reached 91% by early October 2021.

ADA Chief Executive Officer Srinivas Gattamneni stated that mobility on Java island recovered faster compared to other islands. He noted that visitors to food and beverage outlets surged by 110% compared to pre-pandemic levels. Furthermore, mall visitor numbers are claimed to have fully recovered.

The research also indicates a 140% increase in the use of fitness applications. However, there was a 60% decrease in the use of business and productivity applications compared to pre-Covid-19 levels.

Srinivas said that Indonesia's business sector recovery was driven by the acceleration of the Covid-19 vaccination program. This has led to relaxed community mobility amidst the implementation of Community Activity Restrictions (PPKM).

Cambodia ranked second in Southeast Asia with a 90% business recovery. This was followed by Malaysia with an 86% business recovery.

Business recovery in the Philippines and Singapore reached 75% and 69%, respectively. Thailand had the lowest business recovery in Southeast Asia, at 55%.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."