INDONESIA’S new visa regulations to woo wealthy global citizens to reside in Bali will have a positive impact, but the scheme is not likely to attract them in massive numbers, said business leaders and expatriates living in Indonesia. On Wednesday (Oct 26), Indonesia announced that it would offer “second home” visas for five years and […]
Read MoreIndonesia’s government has targeted to create 4.4 million jobs in the tourism sector by 2024, according to the country’s Tourism and Creative Economy Minister Sandiaga Uno. Jakarta (VNA) – Indonesia’s government has targeted to create 4.4 million jobs in the tourism sector by 2024, according to the country’s Tourism and Creative Economy Minister Sandiaga Uno. “We hope that […]
Read MoreJAKARTA (XINHUA) – Indonesia has recorded a total of IDR169 trillion (about USD10.85 billion) of foreign direct investment (FDI) in the third quarter (Q3) of 2022. The FDI realisation growth in the third quarter reached 63.6 per cent on a yearly basis, Investment Minister Bahlil Lahadalia said at a press conference. China, Singapore, Japan, and […]
Read MoreINDONESIA’S central bank raised its policy rates by 50 basis points (bps) on Thursday (Oct 20), as expected, as it sought to curb rising inflation, while trying to slow capital outflows that have weighed on the rupiah. Bank Indonesia (BI) hiked the benchmark seven-day reverse repurchase rate to 4.75 per cent, in line with the […]
Read More(Bloomberg) — Indonesia’s central bank is expected to deliver another half-point increase in the policy rate to stem the rupiah’s slide and check price pressures. Bank Indonesia will raise its 7-day reverse repurchase rate by 50 basis points to 4.75%, according to 19 of 31 economists surveyed by Bloomberg as of Wednesday. Eleven forecast the […]
Read MoreBanten, Indonesia – A Cambodian business delegation from different industries yesterday started their first trade mission in Indonesia under the aegis of Cambodia’s Ministry of Commerce (MoC) and the Embassy of the Republic of Indonesia in Phnom Penh. This is the first trade mission in two years since the Covid-19 pandemic hit the global economy. The […]
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