The rupiah fell to its weakest in more than 20 years on Tuesday (02/10) and other emerging Asian currencies also slid as the dollar held its overnight gains rooted in the striking of a revised North American trade pact. Appetite for the dollar was underpinned by US Treasury yields, which rose modestly on Monday. “The […]
Read MoreIndonesia’s ride-hailing app Go-Jek has said it would wait for the issuance of accreditation from the Philippine government before operating in the country. Nila Marita, Go-Jek chief of corporate affairs, said in Jakarta on Monday that the company would abide by the regulations of the Philippines. “We will first focus on securing accreditation in the […]
Read MoreThe government plans to increase fees for airplane passenger services, widely known as airport taxes, Transportation Minister Budi Karya Sumadi said in Jakarta on Monday. He said the airport tax increase would be implemented particularly at airports under the management of state-owned airport operator PT Angkasa Pura II (AP II). “We are discussing the airport tax increase. […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) noted there was a 0.18 percentdeflation in September 2018 compared to the previous month. Nevertheless, some commodity groups are still experiencing price hikes albeit with a thin margin. “Rice prices are up 0.9 percent. But because the increase is less than one percent, we don’t highlight it as it only has 0.01 percent impact on inflation,” […]
Read MoreFor the second successive month, Indonesia recorded deflation, with the figure for September at 0.18 percent, higher than 0.05 percent deflation the previous month, Statistics Indonesia (BPS) announced on Monday. The latest figure brings year-to-date (ytd) inflation to 1.94 percent, while year-on-year (yoy) inflation stands at 2.88 percent. September’s deflation was also in contrast with […]
Read MoreThe Indonesian government has placed a temporary ban on the development of its lucrative palm oil industry as it seeks to review existing concessions and sort out land ownership problems. The three-year moratorium, based on a presidential instruction issued on Sept 19, orders five ministries, the state investment coordinating body BKPM and regional governments to conduct a […]
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