JAKARTA: Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday, ahead of its launch expected this year. The Indonesia Investment Authority (INA) aims to attract foreign funds as co-investors, unlike other sovereign wealth funds set up by more developed […]
Read MoreIndonesia has raised its budget for the National Economic Recovery program to Rp 553.09 trillion (US$39.4 billion), increasing fiscal support for a country struggling to contain its coronvirus outbreak, a minister said on Tuesday. “In plenary cabinet meeting and in other meetings, we’ve decided the size to be Rp 553.09 trillion. It means the government […]
Read More[JAKARTA] Indonesia’s government has raised its budget for the national economic recovery programme to 553.09 trillion rupiah (S$52.3 billion), increasing fiscal support for an economy hit by the coronavirus pandemic, a senior minister said on Tuesday. “In plenary cabinet meeting and in other meetings, we’ve decided the size to be 553.09 trillion rupiah. It means […]
Read MoreIndonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister. The first quarter is “very tough,” Finance Minister Sri Mulyani Indrawati said in an interview with Bloomberg Television’s Haslinda Amin on Saturday. “We hope in February and March we can […]
Read MoreJAKARTA: Foreign direct investment (FDI) into Indonesia in the fourth quarter last year rose 5.5% to 111.1 trillion rupiah ($7.92 billion), despite a slowdown earlier in the year, data from the country’s investment board showed on Monday. For the whole of 2020, there was 412.8 trillion rupiah ($29.44 billion) of FDI into Southeast Asia’s largest […]
Read MoreIndonesia remained China’s second-biggest nickel ore supplier in 2020, Chinese customs data showed on Wednesday, despite the Southeast Asian country’s ban on exports of the material. Arrivals of Indonesian nickel ore into China totaled 3.4 million tons last year, the General Administration of Customs reported. That was down 85.8 percent from 2019 but still second […]
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