Cambodia has asked Indonesia to share experience on vegetable oil development as the first meeting on vegetable oil between the European Union and Asean is set to be held late in January this year. Eang Sophalleth, secretary of state of the Ministry of Environment raised the issue when he received Indonesian ambassador Sudirman Haseng last […]
Read MoreBank Indonesia (BI) is looking to double the use of the Quick Response Indonesia Standard (QRIS) among small businesses, as it bids to boost cashless payments and to speed up the national economic recovery. BI Governor Perry Warjiyo said on Monday that the central bank aimed to expand the use of QRIS to around 12 […]
Read MoreJAKARTA (REUTERS) – Indonesia’s central bank on Friday (Jan 8) announced new regulations on payment systems to try to consolidate existing rules, with new requirements on share ownership and capital that could impact firms providing payment services and infrastructure. Filianingsih Hendarta, the head of Bank Indonesia’s payment systems department, said the new regulation, which takes […]
Read MoreIndonesia’s foreign exchange reserves reached its second-highest annual record in December 2020, rising to US$135.9 billion, driven by tax collection and the government’s foreign borrowing, Bank Indonesia (BI) announced on Friday. The current reserves level was an increase of $2.3 billion from $133.6 billion in November and was estimated to be enough to cover 9.8 […]
Read More[JAKARTA] Indonesia’s fiscal deficit in 2020 is seen at 6.09 per cent of gross domestic product (GDP) based on unaudited state budget realisation, the country’s finance minister said on Wednesday, as the coronavirus pandemic hit revenues. The 2020 deficit expanded from 2.2 per cent of GDP in 2019 but was better than the government’s estimate […]
Read MoreThe government’s desperate appeal for would-be holidaymakers to stay put for the recent Christmas and New Year break looks to have paid off, with the Transportation Ministry reporting receding mobility amid fears of another spike in COVID-19 cases. Minister Budi Karya Sumadi said there had been a significant drop in land transportation ridership over the […]
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