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Indonesia – Foreign tourist arrivals, hotel occupancy rate yet to recover in October: BPS

Tourism has yet to recover from the pandemic-induced slump, with foreign tourist arrivals and hotel occupancy rate remaining below normal levels, Statistics Indonesia (BPS) data have shown. Foreign tourist arrivals picked up slightly to 158,200 in October, an increase of 4.57 percent month-to-month (mtm) from September, according to BPS. However, it was still down 88.25 percent […]

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Indonesian miners sign $1.46B China coal deal

The Indonesian Coal Mining Association (APBI) on November 25 signed a deal with the China Coal Transport and Distribution (CCTD) association to export $1.46 billion worth of coal to China next year. The value is low compared to that of realised exports this year, but the APBI said in a joint statement with the Ministry […]

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Indonesia expects to ratify trade deal with EFTA early next year, attract new investment

The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the COVID-19 crisis. After seven years of negotiations, the agreement between Indonesia and the European Free Trade Association (EFTA) member countries, called […]

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Indonesia: More research, better human resources needed to boost manufacturing industry

The government needs to ramp up research and development (R&D) and develop human resources in the manufacturing industry, the business sector contributing the most to gross domestic product (GDP), to support the country’s economic recovery, experts have stated. “The government must take a more active role in spearheading R&D to facilitate job creation and attract […]

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