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Indonesia: Lawmakers involved in fierce debate before closed-door hearing on fuel price

The House of Representatives Commission VII overseeing energy and mineral resources held a hearing Wednesday to question the Energy and Mineral Resources Ministry’s recent flip-flop regarding the price of subsidized Premium-branded gasoline. Commission VII deputy chairman Ridwan Hisjam, a lawmaker from the Golkar party, who chaired the meeting, initially decided to make it open to […]

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Indonesia plans to complete 13 trade agreements

The Indonesian government is seeking to complete 13 trade agreements with other countries and trade organizations in an attempt to boost its exports amid the trade war between China and the United States, which has seen a trend toward global trade protectionism. Trade Minister Enggartiasto Lukita said from the 13 afforded agreements, eight of which were in […]

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Alipay, WeChat pursuing partnership path to enter Indonesian market: BI

Bank Indonesia has said that two digital payment platforms from China, WeChat Pay and Alipay, have started down the path toward operating locally, eyeing transactions from the growing number of Chinese tourists to Indonesia. BI deputy governor Sugeng said on Tuesday in Jakarta that WeChat Pay and Alipay representatives had met with state-owned lender PT Bank Negara Indonesia (BNI) on establishing a possible […]

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Bank Indonesia to launch DNDF transactions on Nov. 1

Bank Indonesia will introduce domestic non-deliverable forward (DNDF) transactions on Nov. 1, a policy that is expected to ease external pressure on the rupiah. BI monetary management executive director Nanang Hendarsah said 11 banks would be involved in a simulation for DNDF transactions. The banks are Bank Mandiri, BNI, BRI, BCA, HSBC, Maybank, Deutche Bank, […]

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Indonesian tourism set to beat Thailand in 5 years

Tourism Minister Arief Yahya says growth in the Indonesian tourist industry may surpass that of Thailand within the next five years.  “We can beat ‘Amazing Thailand’ and ‘Malaysia Truly Asia’ ,” Arief said in a discussion at the State Secretariat in Jakarta on Tuesday as reported by kompas.com, arguing that in 2014, Indonesia ranked 70th in the world tourist Industry, but […]

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