Bank Indonesia has projected the price of main commodities to increase after a BI survey estimated the three-month general price expectation index (GPEI) to increase to 174.6 in June from 153.9 in the previous month. According to a statement issued by the central bank on Tuesday, respondents of the BI survey said the Ramadan and […]
Read MoreThe Research Institute of Socio-Economic Development (RISED) in Surabaya has released on Monday a survey on ride-hailing ojek (motorcycle taxi) customers, in which 75 percent of respondents rejected the new government-regulated fares for exceeding the amount they were willing to pay. The survey, which involved 3,000 respondents, found that 47.6 percent refused to spend an additional Rp 5,000 (35 US cents) on their daily ojek rides, while […]
Read MoreIn trying to reduce Indonesia’s decade-long oil trade deficit, the government is facilitating oil and gas companies that have won contracts to accelerate their investment in their blocks even before the transfer of operation. Energy and Mineral Resources Minister Ignasius Jonan has issued Ministerial Regulation (Permen ESDM) No. 3/2019 on the operation of oil and […]
Read MoreJAKARTA: Retail sales in Indonesia grew at 10.1% in March, compared with an annual growth rate of 9.1% in February, a central bank survey showed on Tuesday. March retail sales were mainly backed up by the sales of clothing, as well as auto spare parts and accessories. The survey predicted retail sales would grow 5.7% […]
Read MoreNational Planning Minister Bambang Brodjonegoro said Indonesia welcomed foreign investors for the development of a long-debated new capital city, a plan revived by President Joko “Jokowi” Widodo on Monday. “We will give priority to domestic resources, but we do not close the door to foreign investment,” Bambang, who also heads the National Development Planning Board […]
Read MoreAsian Development Bank (ADB) has committed US$2.6 billion this year to support Indonesia, primarily in developing infrastructure projects, said Ramesh Subramaniam, the ADB director general of the Southeast Asian department in Fiji on Wednesday. ADB plans to help finance two large power plant projects using policy-based loans. One will be a power plant project that […]
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