The Financial Services Authority (OJK) expects the newly passed Job Creation Law to help spur the issuance of municipal bonds and sukuk among regional administrations, which have faced bureaucratic hurdles. Luthfi Zain Fuady of OJK capital market supervision said on Dec. 1 that although several administrations had conveyed their interest in issuing a municipal bond […]
Read MoreThe government on Friday released a shipment of exports worth US$1.64 billion by 133 large and small businesses to seek alternative markets and to revive Indonesian trade, which has slowed during the COVID-19 crisis. While 79 large businesses accounted for the overwhelming majority of the exports, 54 small and medium enterprises (SMEs) contributed $12.3 million. […]
Read MoreIndonesian government officials and industry players have called on small and medium-sized enterprises (SMEs) to go digital and make use of fintech platforms to build for themselves a positive online track record and gain credit scores for easier access to financing. Leonard Theosabrata, president director of SMESCO, a government institution responsible for training and facilitating […]
Read MoreTourism 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 […]
Read MoreThe 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 […]
Read MoreThe 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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Thailand
