JAKARTA: Indonesia’s central bank kept interest rates steady on Tuesday, holding fire for a third straight meeting to avoid adding pressure to a falling rupiah but reiterated its pledge to use quantitative easing measures to support the economy. Bank Indonesia (BI) kept the 7-day reverse repurchase rate at 4.00%, as expected in a Reuters poll, […]
Read MorePETALING JAYA: Indonesia’s drastic move to attract investments by amending 79 laws in a single stroke recently, which include abolishing sectoral minimum wage and easing labour regulations, has raised questions on whether it would render Malaysia less attractive in the eyes of foreign investors compared to its neighbour. Malaysia is already facing stiff competition from […]
Read MoreThe Cooperatives and Small and Medium Enterprises (SMEs) Ministry is working on the details of a draft government regulation (RPP) on small businesses as a follow-up to the recently passed Job Creation Law. Ten issues related to small businesses from the jobs law will be further detailed in the government regulation, according to the ministry, including […]
Read MoreJAKARTA (BLOOMBERG) – The Indonesian rupiah has languished at the bottom of Asian currency rankings for most of the year but a recent overhaul of the nation’s investment law may help revive its fortunes. The rupiah rose about 1 per cent against the US dollar last week after Indonesia approved its first omnibus law aimed at cutting […]
Read MoreArtificial intelligence could add US$366 billion to Indonesia’s gross domestic product in the next decade and almost $1 trillion in added GDP across Southeast Asia, a recent study has shown. The study by consulting firm Kearney and Singapore-based investment firm EDBI says that 80 percent of respondents are still in the early stages of AI […]
Read MoreThe COVID-19 pandemic has had a major impact on the Indonesian economy. However, a recent survey by a job portal provides a glimmer of hope for those looking for new opportunities during the health crisis. According to Statistics Indonesia (BPS), 82.85 percent, or roughly eight out of 10, companies have experienced a decrease in revenue […]
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