indo02
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Indonesia: BI projects 0.51 percent inflation in May

Bank Indonesia projects inflation at 0.51 percent in May, higher than the previous month, with year-on-year (yoy) inflation estimated at 3.14 percent. In April, the inflation rate was recorded at 0.44 percent. BI Governor Perry Warjiyo said the factors that pushed inflation up was mainly airfares, red chili and garlic, while deflationary factors included rice […]

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indo01
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Bank Indonesia to close from June 3 to 7

Bank Indonesia (BI) has announced it will not operate from June 3 to 7, when Muslims celebrate the Idul Fitri holiday, marked by the exodus of millions of people to their hometowns. In a statement published on its official website, BI said the decision was made in reference to a joint decree issued by the […]

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indo03
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Indonesia: Govt mulls using Pertamina tanks to cut biodiesel transport costs

The government is mulling the use of tanks belonging to upstream subsidiaries of state-owned energy holding company Pertamina to store fatty acid methyl esters (FAME), the main component in 20 percent blended biodiesel ( B20 ). The Energy and Mineral Resources (ESDM) Ministry’s research and development head, Dadan Kusdiana, said the move intended to optimize existing facilities and cut […]

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jakarta1
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Indonesia has a grand US$412b plan to rebuild the country

JAKARTA: Indonesia is drafting ambitious plans for more than $400 billion in building projects, from constructing 25 airports to new power plants, as the government seeks to stoke growth in Southeast Asia’s largest economy, according to the country’s planning minister. The sweeping proposal calls for a record 5,957 trillion rupiah ($412 billion) in investments from […]

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