The government is pushing regional administrations to exploit the country’s numerous digital start-ups to boost local tourism and empower local economies to drive economic growth. The digital economy was key to the global tourism industry, as well as Indonesia’s tourism industry, as it helped the sector to grow more rapidly than ever, Investment Coordinating Board (BKPM) head Thomas Lembong […]
Read MoreIndustry Minister Airlangga Hartanto has said Indonesia exported cigarettes worth US$931.6 million last year, up 2.98 percent from $904.7 million in 2017. He added that the cigarette excise was recorded at Rp 153 trillion last year, up 3.9 percent from Rp 147 trillion in 2017. “Cigarette excise tax revenue contributed 95.8 percent of the national excise tax revenue,” Airlangga […]
Read More[JAKARTA] Indonesia posted a surprise trade surplus for the first time in five months in February as imports unexpectedly fell sharply, data from the statistics bureau showed on Friday. South-east Asia’s largest economy had a surplus of US$329.5 million in February, compared with a Reuters poll prediction of a US$700 million gap. Exports slumped 11.33 […]
Read MoreThe Investment Alert Task Force has closed a further 168 financial technology (fintech) or peer-to-peer (P2P) lending platforms and 47 investment entities that are not registered with the Financial Services Authority (OJK). With the latest move, the task force, which is supported by 13 ministries and other institutions, has now closed 803 unlicensed fintech firms – 404 in 2018 […]
Read MoreMANILA, Philippines — The Indonesian government is demanding for the Philippines to permanently lift the safeguards on the imports of coffee mixes in exchange for investments in the country. Agriculture Undersecretary Segfredo Serrano said Indonesia has gone straight to President Duterte to lobby for the removal of the special safeguards on coffee mixes which the Department of Agriculture invoked […]
Read MoreThe Energy and Mineral Resources Ministry expects a decline in the export of mineral resources this year because of production cuts by large mining companies. The ministry’s mineral business supervision director, Yunus Saefulhak, said two major copper and gold miners, PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara, for example, would scale back copper […]
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Thailand
