Indonesia is experiencing a weakening consumer confidence in the third quarter but now fewer people think the economy is in recession, a recent survey shows. According to Nielsen’s latest Global Consumer Confidence Survey, optimism among consumers in Southeast Asia’s largest economy went down three points from 126 percentage points (pp) in the second quarter to […]
Read MoreSeveral Japanese automakers have conveyed plans for further investment in Indonesia, which should help the government implement its roadmap to build a globally competitive automotive industry. “We have received a report about Toyota Group’s expansion plan worth of Rp 28.3 trillion (US$2 billion). This will include the development of Toyota, Daihatsu and Hino [vehicles],” Industry […]
Read MoreThe government has indicated that the 2019 fiscal deficit could hit its worst-case estimate as it plans to keep spending despite sluggish revenue collection. Deputy Finance Minister Suahasil Nazara said on Monday the government was now projecting a fiscal deficit of 2.2 percent to the gross domestic product (GDP) this year, hitting the upper limit […]
Read MoreMore than 30 Myanmar business people attended the Indonesia-Myanmar Business Gathering at a hotel in Yangon last week. The gathering organised by the Indonesian Embassy in cooperation with the International Business Promotion Centre held business-to-business meetings for 10 Indonesian representatives from six companies and their Myanmar counterparts. Among the dignitaries at the event were U […]
Read MoreFinance Minister Sri Mulyani Indrawati says she sees the glass half full, with tax collection showing early signs of recovery after 10 months of being sluggish. “We are monitoring tax revenue on a monthly basis. Some [types of taxes] recorded a turning point [in revenue growth],” said Sri Mulyani in Jakarta on Monday. Workers’ income […]
Read MoreTEMPO.CO, Jakarta – Transportation Minister Budi Karya Sumadi demanded applicators of the online-based motorbike taxi or online ojek, Gojek and Grab Indonesia, improve their driver enrollment system. Budi said that applicators must set new standards in the employment of driver-partners in a bid to beef up security. “We will demand applicators create new standards of new driver registration,” said Budi […]
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