JAKARTA, Aug. 19 (Xinhua) — Shipment of Indonesia’s non-oil and gas products overseas has been forecast to edge up by the end is year, albeit global economic uncertainty erodes demand and prices. Indonesian Trade Minister Enggartiasto Lukita said here on Monday that he expected non-oil and gas exports to grow 8 percent to reach 175 […]
Read MoreIndonesian President Joko Widodo said on Friday he would press on with plans to move the nation’s capital and roll out measures to kickstart Southeast Asia’s biggest economy as it feels the sting of slowing global growth. Widodo asked parliament to sign off on a plan for a new capital in Borneo, shifting Indonesia’s political […]
Read MoreIndonesia’s digital economy is expected to almost double in value from Rp 814 trillion last year to Rp 1.447 quadrillion (US$101 billion) by 2024, a recent study says. The joint study by the Institute for Development of Economics and Finance (Indef) and non-profit research foundation Laboratorium Data Persada has found that the digital economy generated added […]
Read MoreThe government’s plan to block the use of unlicensed cell phones entering Indonesia is immature and detrimental to the public interest, says the Indonesian Ombudsman. The Ombudsman noted some oddities in the initiative after a recent meeting with the Communications and Information Ministry to examine the ministry’s draft for a regulation on the matter. “It […]
Read MoreJAKARTA (Reuters) – Indonesia’s Energy and Mineral Resources Ministry said biodiesel with 30% palm diesel blend passed a series of cold temperature tests this week as the government aim to increase the palm content in biodiesel early next year. Indonesian President Joko Widodo said earlier this week he wants the so-called B30 standard to be […]
Read MoreIndonesia’s external debt level was up about 10 percent year-on-year (yoy) in the second quarter due to a significant increase in government net borrowing. According to data released by Bank Indonesia on Thursday, the country’s foreign debt, which includes borrowing by the government and the private sector, rose 10.1 percent yoy to US$391.8 billion in […]
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