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Indonesia: Minister Doubts Economic Growth Target Attainable

TEMPO.CO, Jakarta – The National Development Planning Minister and Bappenas chief Bambang Brodjonegoro estimates that this year’s economic growth target is difficult to achieve. In the amended state budget of 2017, the economy is targeted to grow 5.2 percent. “The government will struggle to reach 5.2 percent,” he said in Jakarta, Monday, November 13. The difficulty, according […]

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Indonesia Eyeing China’s Growing Coffee Market

TEMPO.CO, Jakarta – Eight Indonesian coffee entrepreneurs met with Chinese businessmen to form a strategy to increase the export value to the largest populated country in the world. “We had the initiative to gather them to construct a formula in increasing Indonesia’s coffee export value to China,” said Indonesia Consulate General in Guangzhou Ratu Silvy Gayatri on Monday, November […]

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Indonesia: Jokowi Touches on Digital Economy During APEC Summit

TEMPO.CO, Jakarta – President Joko ‘Jokowi’ Widodo brought up the issue of digital economy in the first session of the 25th APEC Economic Leaders Meeting in Da Nang on Saturday (11/11). “The governments need to take the right position in facilitating transformation that does not always run smoothly and keep prioritizing inclusive, sustainable development and providing productive employment opportunities,” President said. Jokowi was the fifth […]

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Indonesia: BI Prohibits Bitcoin Transactions

TEMPO.CO, Jakarta – Bank Indonesia (BI) has banned the use of Bitcoins in financial transactions. The central bank said that transactions using the virtual currency are against the law because the only valid instrument for payment in Indonesia is the rupiah. BI executive director of payment system policy and supervision Eny V. Panggabean said Eny said the ban was issued […]

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Indonesia wants to tap Philippine firms for infra projects

JAKARTA, Indonesia – The Indonesian government is encouraging Philippine firms to invest in infrastructure projects in this vast Southeast Asian state. Indonesian Minister for National Development Planning Bambang Permadi Soemantri Brodjonegoro told reporters in a chance interview the government wants to tap the expertise of foreign companies, including those from the Philippines, for infrastructure. He […]

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