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Indonesia: BI Prohibits Bitcoin Transactions

TEMPO.CO, Jakarta – Bank Indonesia (BI) has banned the use of Bitcoins in financial transactions. The central bank said that transactions using the virtual currency are against the law because the only valid instrument for payment in Indonesia is the rupiah. BI executive director of payment system policy and supervision Eny V. Panggabean said Eny said the ban was issued […]

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Indonesia wants to tap Philippine firms for infra projects

JAKARTA, Indonesia – The Indonesian government is encouraging Philippine firms to invest in infrastructure projects in this vast Southeast Asian state. Indonesian Minister for National Development Planning Bambang Permadi Soemantri Brodjonegoro told reporters in a chance interview the government wants to tap the expertise of foreign companies, including those from the Philippines, for infrastructure. He […]

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VP Kalla: Indonesia’s Islamic Economy behind Malaysia, England

TEMPO.CO, Surabaya – Vice President Jusuf Kalla said that the growth of Islamic economy in Indonesia is still several steps behind compared to Malaysia. “Malaysia’s Islamic economy has gone through a 22 percent growth, meanwhile, Indonesia’s is still at 5 percent,” said Jusuf Kalla during the 2017 Indonesia Sharia Economic Festival (ISEF) in Surabaya, on Thursday, November 9. The Vice President stated […]

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Bappenas: Indonesia Can be a Developed Country in 2045

TEMPO.CO, Jakarta – National Development Planning Agency (Bappenas) Head Bambang S. Brodjonegoro recently stated that Indonesia would be able to become a developed country by the year 2045 or 100 years post-independence if the economic growth is consistent within 5 percent. “If Indonesia can be consistent with a 5 percent average growth scenario, Indonesia will become a high-income country […]

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Indonesia Eyeing West African Market to Export Health Products

TEMPO.CO, Jakarta – Indonesia is eyeing export of health products by participating at the “Medic West Africa & Medlab West Africa Exhibition” (MWA), the largest exhibition of tools and health products in West Africa, held in Landmark Center, Water Corporation Road, Victoria Island, Lagos, Nigeria, in October 11-13, 2017. Head of Indonesian Trade Promotion Center (ITPC) of Lagos […]

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