Indonesia’s gross domestic product (GDP) grew 5.1 percent in the first quarter, consistently within a narrow range of 4.9-5.3 percent for the last 14 quarters, according to the World Bank’s June 2019 Indonesia Economic Quarterly released on Monday. “Despite capital outflows from emerging markets in 2018 that were larger than during the ‘taper tantrum’ in 2013, Indonesia’s […]
Read MoreThe government plans to block the use of cell phones bought in the black market to curb the distribution of such phones. The plan was announced after the government required all phone users to register their SIM cards. The Industry Ministry will reportedly implement the blockage through the International Mobile Equipment Identity (IMEI) number that identifies the device […]
Read MoreTEMPO.CO, Jakarta – Rupiah is projected to strengthen against the US dollar this week, supported by positive internal or domestic sentiments as well as external factors. Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta predicts the rupiah will move between Rp14,050 and Rp14,275 per US dollar. “There is a bullish inside bar pattern which indicates potential strengthening for the US […]
Read MoreTEMPO.CO, Jakarta – The latest HSBC survey found that 98 percent of corporations in Indonesia projecting short-term business growth for the next year or two. This number exceeds the global sentiment which scored a business growth confident rate of 79 percent. The survey entitled ‘Navigator: Made for the Future’ sees Indonesian corporations confident of growth in customer basis (32 percent), and the […]
Read MoreThe Creative Economy Agency (Bekraf) has called on the government to intensify its efforts to establish more trade deals with foreign countries to boost exports of creative products, as the country was not reaping the full potential of the creative economy. Bekraf head Triawan Munaf said the agency had set an export target for creative goods this […]
Read MoreIndonesia booked 0.55 percent month-to-month (mtm) inflation in June, lower than 0.68 percent in May, particularly due to higher food prices over Idul Fitri, Statistics Indonesia (BPS) announced on Monday. June’s mtm inflation rate was lower than that in the same period last year, which stood at 0.59 percent. BPS head Suhariyanto said June’s inflation was […]
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