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Industry 4.0 to Put Indonesia among Top 10 Economies: Minister

TEMPO.CO, Jakarta – The fourth industrial revolution, also known as industry 4.0, is expected to make Indonesia one of the top 10 economies in the world in 2030, stated Industry Minister Airlangga Hartarto. “To achieve the target, Indonesia has launched a roadmap called Making Indonesia 4.0, as part of the strategy to apply the fourth industrial revolution,” he […]

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Indonesia: Ministry prepares two draft regulations on ride-hailing apps

The Transportation Ministry has prepared two draft regulations on ride-hailing apps after the previous regulations were annulled by the Supreme Court in September. “We just had a meeting with the transportation minister. I have prepared two draft ministerial regulations,” said the ministry’s land transportation Director General Budi Setiyadi in Jakarta on Monday as quoted by kompas.com. He explained the first draft regulation […]

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Cambodia Develops Halal Tourism to Lure Indonesian Tourists

TEMPO.CO, Phnom Penh – The Cambodian government and the country’s tourism industry are developing halal tourism to lure tourists from Southeast Asia and the Middle East. The Indonesian Embassy in Cambodia on Thursday, October 12, said that a number of investors were developinghalal tourism in the country. Cambodia, known for its tourist attractions in the form of temples, is home to the Champa village—a Muslim residential area. The First Secretary of the Indonesian Embassy in Phnom Penh, […]

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Indonesia books US$360.7 billion in foreign debt in August

Indonesia’s foreign debt – which includes debts from central banks, governments and the private sector – stood at US$360.7 billion in August, growing by 5.14 percent year-on-year (yoy), driven by growth in private sector debt amid slowdowns in government and central bank debt. Bank Indonesia (BI) said in a statement that the structure of Indonesia’s foreign debt remained […]

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Indonesia trade balance swings to positive

JAKARTA: Indonesia’s trade balance unexpectedly swung back to surplus in September as imports and exports grew much slower than expected, data released by the statistics bureau showed yesterday. Indonesia, South-East Asia’s largest economy, reported a trade surplus of US$230mil for September, compared with a US$500mil deficit expected in a Reuters poll. The country revised its trade deficit in August to US$944mil. September imports were worth […]

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