The Deposit Insurance Corporation (LPS) announced on Tuesday a cut in its guaranteed interest rates for both rupiah and foreign currency-denominated savings and deposits following a cut in Bank Indonesia’s benchmark rate last week. LPS lowered the guaranteed rate for rupiah savings and deposits in commercial banks by 25 basis points (bps) to 6.5 percent, […]
Read MoreTransport Minister Sun Chanthol last week asked PT Industri Kereta Api Indonesia (Inka) – a state-owned, Indonesian train manufacturing firm – to invest in Cambodian railroads. During an official visit to Indonesia from Sept 19-21, Minister Chanthol requested that Inka representatives visit the Kingdom to discuss investing in Cambodia’s railway system with local authorities and […]
Read MoreThe number of low-cost carrier (LCC) international flights departing from Indonesia’s Soekarno-Hatta International Airport has risen, signalling a thriving climate for overseas travel. State-owned airport operator PT Angkasa Pura II has recorded a rise in low-cost carrier (LCC) international flights departing from Soekarno-Hatta International Airport in Tangerang, Banten, since January, signalling a thriving climate for […]
Read MoreTHE Indonesian government plans to spend 8.5 per cent more in 2020 than this year, following approval by a parliamentary committee of a budget a finance ministry official said is designed to anticipate global uncertainty. On Monday, the committee – whose decision is expected to get approval by Parliament on Tuesday – endorsed President Joko […]
Read More[JAKARTA] In 2015, the shares of Indonesia’s largest cab company were soaring, while its revenue reached a record high. Then came Uber, followed by Grab and Gojek, South-east Asia’s answer to the revolutionary ride-hailing app. Competition from the technology titans wiped out US$1.7 billion, or almost 80 per cent, of PT Blue Bird’s market value […]
Read More(AFP) – Indonesia’s central bank slashed interest rates yesterday for the third month in a row as Southeast Asia’s biggest economy feels the sting of the US-China trade war and tepid global growth. Bank Indonesia (BI) lowered its key lending rate by 25 basis points to 5.25 percent, prompting speculation that more cuts could be […]
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Thailand
