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Indonesia: Minister Promises to Give 5-10 Percent Stake in Freeport to Papua

TEMPO.CO, Jakarta – The Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said that he will give 5-10 percent stake in PT Freeport Indonesia to Papua local governments amid negotiations to divest the company’s 51 percent stake. Luhut said that divestment of Freeport’s stake is expected to be completed by 2019. According to him, the government will raise more […]

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Indonesia: Motorcycle Sales Up 5 Percent in August

TEMPO.CO, Jakarta – Motorcycle sales went up by 5.19 percent to 554,923 units in August, the Indonesian Motorcycle Industry Association (AISI) reported on September 12. All in all, the total motorcycle sales from January to August reached 3.79 million units, representing a slight decline of 0.05 percent compared to the same period last year. Increased sales figure […]

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Bank Indonesia: July’s Retail Sales Decline

TEMPO.CO, Jakarta – A survey conducted by Bank Indonesia (BI) shows that retail sales in July declined as the public consumption returned to normal after Ramadan and Eid al Fitri. The fact is reflected by the real sales index (IPR) that stood at 209.9 in July 2017, declining by 3.3 percent year-on-year. “The declining retail sales occurred in the food and non-food groups,” the central bank (BI) reported yesterday, Sept. 11. On the regional basis, the decline in IPR occurred […]

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Indonesia – BI: Foreign Exchange Reserves in August Rise to 128.8tn USD

TEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that the position of Indonesia foreign exchange reserves in August this year reached 128.8 trillion USD. This number is higher compared to the last position in July as much as US$127.8 trillion. “The increase is especially influenced by foreign revenues from taxes, oil and gas exports, and a BI auction, as well as the auction of foreign exchange securities (SBBI),” BI spokesperson Agusman, said in Jakarta on Friday, Sept. 8. The foreign exchange revenues, the […]

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