Rupiah and stock prices remain under pressure as a report on Indonesia’s trade deficit sent negative sentiment into the country’s financial market. The rupiah fell for the third consecutive day to 14,168 against the US dollar on the spot market, while the Jakarta Composite Index (JCI) fell slightly to 6,155 at the close of afternoon […]
Read MoreProperty consulting company Colliers International has warned property developers to be extra cautious when expanding their projects in major cities in Indonesia as the impact of the United States-China trade war could affect apartment purchases and rentals. The company’s senior associate director of research, Ferry Salanto, said in Jakarta on Oct. 9 that the decline […]
Read MoreThe government is mulling a plan to impose temporary additional duties on imports of textile and textile products (TPT) as a safeguard measure to protect the domestic upstream industry from a recent surge in imports. The Finance Ministry’s fiscal policy head, Suahasil Nazara, said the government had identified 121 products, including yarn and curtain fabric, […]
Read MoreIndonesian Kudo, an app that connects merchants, combines payments and organises deliveries of retail products, is eyeing expansion into Southeast Asia, including Cambodia, Vietnam, and the Philippines. Kudo, part of the Grab group since 2017, already helps millions of offline Indonesians across the archipelago. Kudo is not a Grab consumer app, or ecommerce app, but […]
Read MoreJAKARTA: PT Champ Resto, Indonesian operator of restaurant chains including Gokana Ramen & Teppan, is weighing an initial public offering in the largest nation in Southeast Asia that could raise about $150 million, according to people with knowledge of the matter. The firm, which is backed by Indonesian private equity firm Capsquare Asia Partners, is […]
Read MoreJAKARTA: PT Indosat, the Indonesian unit of Qatar’s Ooredoo Group, said on Tuesday it has signed a 6.4 trillion rupiah ($452.30 million) deal to sell 3,100 telecommunication towers, which will be leased back. Indosat said in a statement 2,100 units of towers will be sold to PT Dayamitra Telekomunikasi (Mitratel) and one thousand units will […]
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