The Indonesian and Japanese governments are now working to complete the countries’ new economic partnership agreement, which is expected to be signed late this year. A commitment to accelerate negotiations over the General Review Indonesia-Japan Economic Partnership Agreement (GR-IJEPA) was made at a meeting between President Joko “Jokowi” Widodo and Japanese Prime Minister Shinzo Abe […]
Read MoreJAKARTA (Reuters): Indonesia has asked China to set up a special fund within its Belt and Road Initiative (BRI) for investment in Southeast Asia’s largest economy, after offering China projects worth US$91bil, government officials said on Wednesday. Indonesia has not been among the biggest beneficiaries of China’s trillion-dollar push to create a modern-day Silk Road. […]
Read MoreThe country’s manufacturing sector grew slower in June as indicated by a decline in the purchase manager index (PMI) to 50.6 from 51.06 in the previous month. An index rate above 50 indicates growth in the manufacturing sector. Securities firm Samuel Sekuritas economist Ahmad Mikail said the drop was in line with the World Bank […]
Read MoreTEMPO.CO, Jakarta – The government plans to increase electricity tariffs for 12 non-subsidized groups starting in 2020. Thepolicy is expected to reduce the government’s financial burden in the State Budget (APBN). According to regulations, electricity tariff adjustments should be carried out every three months; referring to changes three production cost (BPP) components, which are the rupiah-to-US dollar exchange rate; inflation, […]
Read MoreThe contribution of the food and beverage (F&B) sector to gross domestic product (GDP) increased steadily over the past four years in spite of the decrease last year, the Indonesian Food and Beverage Producers Association (GAPMMI) has said. “The F&B sector’s contribution to GDP increased to 6.25 percent last year from 6.14 percent in 2017, 5.97 […]
Read MoreMore people in Indonesia are searching for online loans, resulting in the country overtaking its peers Vietnam and Philippines by significant margins. At the beginning of 2017, online loans were more popular in the Philippines whereas in Indonesia they were almost at the same level as in Vietnam according to research by Robocash Group. Overall, demand […]
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