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Indonesia’s November inflation in check at 3%: BPS

Indonesia’s consumer price index (CPI) increased 3 percent year-on-year (yoy) in November, well within the central bank’s targeted range of between 2.5 percent and 4.5 percent for 2019, Statistics Indonesia (BPS) announced on Monday. Benign inflation has given room for Bank Indonesia (BI) to ease monetary policy, as it cut the nation’s benchmark interest rate 100 percent since July to […]

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Indonesia – It’s official: BKPM to handle all licenses, review policies unfavorable for investors

President Joko “Jokowi” Widodo has officially issued a regulation that streamlines all business licensing toward the Investment Coordinating Board (BKPM) and grants the agency the authority to review policies deemed as unfavorable for investors. Presidential Instruction (Inpres) No. 7/2019 on the acceleration of ease of doing business (EODB) was signed on Nov. 22 and became […]

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