TEMPO.CO, Jakarta – A survey conducted by Bank Indonesia (BI) shows that retail sales increased in August 2018 due to the establishment of Asian Games. BI’s Communications Department Executive Director Agusman Zainal said the real sales index in August 2018 rose to 6.1 percent year-on-year (yoy), compared to July 2018 at 2.9 percent (yoy). “The increase influenced by […]
Read MoreIndonesia’s fruit exports increased by 24 percent in September from the same month last year, according to the Agriculture Ministry. The ministry’s fruit and floriculture director, Sarwo Edhy, said that most export recipients were non-tropical countries, where demand had shifted toward organic fruits. “Our top fruit exports included mangoes, bananas, snake fruits, oranges, mangosteen, pineapples and rambutans,” said Sarwo on Friday as reported by kontan.co.id. At […]
Read MoreTrade Minister Enggartiasto Lukita had to revise a regulation on the letter of credit (L/C) before it took effect because of an overlap with a regulation issued by the Energy and Mineral Resources Minister. Energy and Mineral Resources Ministry oil and gas Director General Djoko Siswanto said the Indonesia Petroleum Association (IPA) had questioned the […]
Read MoreMoody’s Investors Service says crude palm oil (CPO) prices — which have fallen 14 percent since the start of 2018 and are at their lowest levels since 2015, will present a credit challenge for rated palm oil producers if they remain at current levels. “Continued weak CPO prices will challenge the credit metrics of the […]
Read MoreMANILA: Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability […]
Read MoreBank Indonesia Governor Perry Warjiyo called on the public on Wednesday not to worry about the rupiah depreciation, saying that the rupiah exchange rate against the US dollar was better than that of other currencies in emerging countries. The rupiah stood at above Rp 15,000 per US dollar on Tuesday. Since January, the currency has […]
Read More
Thailand
