State-owned airport operator Angkasa Pura (AP) I recorded 2.16 million passengers in October, a 16.9 percent increase from the month before, after the Transportation Ministry rolled out a stimulus program for the aviation industry. In addition to the passenger increase, AP I recorded a 10.9 percent month-on-month (mom) increase in air traffic in October to […]
Read MoreManufacturing activity declined further in October as manufacturers cut back on production and reduced workforce amid weak demand, showing further signs of sluggish economic recovery in the fourth quarter. The manufacturing gauge Purchasing Managers’ Index (PMI) survey data published by IHS Markit on Monday showed that the PMI had risen from 47.2 in September to […]
Read More[JAKARTA] Indonesia will see a significant boost in trade and investment from the United States as a result of Washington’s renewed trade preference facility with South-east Asia’s largest economy, a top Indonesian official said on Sunday. “The ambition of the government is to double (US-Indonesia) trade in the next five years to US$60 billion, while […]
Read MoreIndonesia’s capital Jakarta will increase minimum wages next year for select businesses despite a government advisory to keep pay unchanged to avoid further job losses during the pandemic. The monthly minimum wage will rise by 3.27% to 4.42 million rupiah (9,400 baht) in 2021 for workers in businesses less impacted by the virus outbreak, according […]
Read MoreBank Negara Indonesia’s (BNI) net profit fell sharply in the first nine months of the year due to higher provisioning following a steep increase in risky loans. The publicly listed bank’s profit was down almost 64 percent at Rp 4.32 trillion (US$294.5 million) as of the end of the third quarter from Rp 11.94 trillion […]
Read MoreJAKARTA: The United States has praised the Indonesian government’s effort in addressing the issues of regulatory roadblocks, corruption and non-transparency in the business sector as it seeks to strengthen economic ties with the archipelagic country. “As I say in most every country looking to create wealth for its people, the private sector needs the right […]
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