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Indonesian E-Commerce Potentially Bigger than Korea, India

TEMPO.CO, Jakarta – Azhar Hasyim, director of E-Business at the Communications and Information Ministry, views that Indonesia has the potential to be the third largest e-commercemarket in the world above South Korea. “The Communications and Information Ministry supports startup companies in Indonesia,” Azhar said during a discussion held in Jakarta today, August 23. Azhar revealed that Indonesia currently occupies […]

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Indonesia Eyes Rp131.5tn Worth of Trade with Vietnam

TEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita said that Indonesia is aiming at boosting the value of its trade with Vietnam. The government has set a target to achieve US$10 billion worth of trade with Vietnam. “The President wants to reach US$10 billion [worth of trade with Vietnam],” Enggartiasto said at the Presidential Palace in Jakarta today, August 23. […]

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Bank Indonesia rate cut shows comfort with outlook

JAKARTA — Indonesia’s central bank surprised most economists on Tuesday by lowering interest rates, reflecting its relative comfort with the currency and inflation outlook. The benchmark rate was cut by a quarter point to 4.5%, with all but six of the 28 economists surveyed by Bloomberg having predicted it would stay on hold. Bank Indonesia […]

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Thailand: July exports up 10.5% year-on-year

Customs-cleared annual exports rose for a fifth straight month in July, but fell short of expectations, as demand from major markets increased. Exports, a key driver of Thailand’s growth, rose 10.5% in July from a year earlier after June’s 11.7% rise, commerce ministry data showed on Wednesday. A Reuters poll expected an annual rise of […]

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