People in Greater Jakarta have been able to book an ojek (motorcycle taxi) online since 2015 thanks to Go-Jek. They can book an angkot (public minivan) as of this month thanks to TRON. Now they can book bajaj (three-wheeled taxi) as of this week thanks to Grab. The Singapore-based ride-hailing decacorn launched its latest GrabBajay service in Jakarta on Thursday. Bajaj are currently […]
Read MoreBank Indonesia projects inflation at 0.51 percent in May, higher than the previous month, with year-on-year (yoy) inflation estimated at 3.14 percent. In April, the inflation rate was recorded at 0.44 percent. BI Governor Perry Warjiyo said the factors that pushed inflation up was mainly airfares, red chili and garlic, while deflationary factors included rice […]
Read MoreBank Indonesia (BI) has announced it will not operate from June 3 to 7, when Muslims celebrate the Idul Fitri holiday, marked by the exodus of millions of people to their hometowns. In a statement published on its official website, BI said the decision was made in reference to a joint decree issued by the […]
Read MoreThe government is mulling the use of tanks belonging to upstream subsidiaries of state-owned energy holding company Pertamina to store fatty acid methyl esters (FAME), the main component in 20 percent blended biodiesel ( B20 ). The Energy and Mineral Resources (ESDM) Ministry’s research and development head, Dadan Kusdiana, said the move intended to optimize existing facilities and cut […]
Read MoreThe government targets a tax to gross domestic product (GDP) ratio of 11.8 to 12.4 percent in 2020, compared to this year’s target of 12.2 percent. In 2018, the tax to GDP ratio was 11.5 percent. The figure was proposed by Finance Minister Sri Mulyani Indrawati to the House of Representatives in the plenary session […]
Read MoreThe government on Monday submitted the macroeconomic assumption and basic fiscal policy for the 2020 state budget, which among other things proposed a gross domestic product (GDP) growth projection of 5.3 to 5.6 percent. The projection is lower than the figure in the 2019 state budget, which is 5.4 to 5.8 percent. Finance Minister Sri […]
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