Jakarta. Tech giant Google and Singaporean wealth fund Temasek have updated their projection for Indonesia’s internet economy to reach $133 billion in total value by 2025, 33 percent higher than previously estimated. Expansion of e-commerce to smaller cities and rural areas and growing adoption of digital payment services will drive most of the growth. The figure was mentioned in a report titled “e-Conomy SEA 2019: […]
Read MoreSingapore and Indonesia will renew a US$10 billion (S$13.8 billion) currency pact, which will help support monetary and financial stability in the region. Both countries will continue to have access to each other’s currency as well as United States dollars to settle trades or defend their currency in times of financial stress. This was announced […]
Read MoreIndonesia’s foreign exchange reserve slightly fell to US$124.3 billion in September after hitting a 17-months high of $126.4 billion in the previous month, Bank Indonesia (BI) announced on Monday. The decline was mainly driven by payments of the government’s external debt as well as reduced deposits of banks’ foreign exchange in the central bank’s account, […]
Read MoreVideo sharing service TikTok is planning to unlock advertising revenue potential in Indonesia through its business of short video content. TikTok public policy head for Indonesia, Malaysia and the Philippines, Donny Eryastha, told reporters on Thursday that the platform had not yet received revenue in Indonesia as its focus had been to attract more users. […]
Read More[JAKARTA] Indonesia plans to raise its bond issuance this year by around 15.3 trillion rupiah (S$1.49 billion) to 841 trillion rupiah, anticipating a widening of the 2019 fiscal deficit to 1.9 per cent of gross domestic product (GDP), a government official said on Friday. The official, who has direct knowledge of the matter, declined to […]
Read MoreState-owned energy company Pertamina has added this year 37 new locations for its single fuel price program, bringing the 3-year-old program’s total reach to 161 locations as of October. Pertamina spokeswoman Fajriyah Usman said in a statement that the locations covered by the single price program were Papua (33 locations), Maluku ( 17 ), Nusa […]
Read More
Thailand
