Bank Indonesia (BI) followed on Thursday the United States Federal Reserve’s move to raise its policy rate in an effort to manage the current account deficit and to maintain the competitiveness of the domestic financial market. Following a two-day BI board of governors meeting, the central bank decided to increase its policy rate – the seven-day reverse […]
Read MoreConvenient store chain Indomaret and Indomaret Point, owned by retail group Indomarco Prismatama, were the top-selling retailers of 2017, racking up a combined US$4.89 billion in sales, according to London-based strategic market research company Euromonitor International With the total sales, Indomaret beats its closest competitor Alfamart, owned by Sumber Alfaria Trijaya, which booked US$3.97 billion […]
Read MoreFinance Minister Sri Mulyani Indrawati has estimated that the large current account deficit will continue through to the third quarter, as government measures to curb imports had not produced significant results in the second quarter. Sri Mulyani said that the current account deficit in the second quarter was 3.04 percent of gross domestic product (GDP), or US$8 billion, compared to $5.7 […]
Read More[JAKARTA] Indonesia’s imports of wheat for flour are expected to reach 8.5 million tonnes this year, an industry body said, up from 8 million tonnes in 2017, despite increasing prices of the grain. Indonesian demand for noodles, biscuits and snacks like martabak, a local version of a pancake, has climbed steadily in recent years as […]
Read MoreBank Indonesia (BI) will organize the International Halal Lifestyle Conference and Business Forum to help unlock Indonesia’s potential in the global halal industry chain. BI’s sharia finance director Anwar Bashori said in Jakarta on Monday that BI would team up with the Halal Lifestyle Center in the conference at the JakartaConvention Center from Oct. 3 to 5. He said there […]
Read MoreTEMPO.CO, Jakarta – Minister of Communications and Informatics Rudiantara said that Indonesian startups are growing rapidly, flexing their muscles to the world with remarkable achievements, and are even comparable to a number of Unicorns in Germany. “Not only in terms of Unicorns, even in terms of startups, Indonesia has shown its level,” said Rudiantara, while giving a public lecture on […]
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