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Malaysia, Indonesia discuss outstanding bilateral trade issue

KUCHING: The third Malaysia-Indonesia Joint Trade and Investment Committee (JTIC) Ministerial Meeting in Kuching on Thursday discussed several key outstanding issues affecting bilateral trade between Malaysia and Indonesia, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said the meeting, among others, reviewed the 1970 Border Trade Agreement: trade restriction on Tebedu-Entikong border; […]

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Bank Indonesia: Predicts Slower Growth in Q2

TEMPO.CO, Jakarta – The Governor of Bank Indonesia (BI) Agus Martowardojo predicts that the second quarter of 2017 (April-June) will see slower economic growth due to the shift in government and consumer spending realization to the third quarter. Consumer spending has not increased as expected because Eid bonuses are paid in the third quarter. “Moreover, government spending is also […]

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Indonesia: Govt to Not Raise Electricity Tariff Until Year End

TEMPO.CO, Jakarta – Energy and Mineral Resources (ESDM) Minister Ignsius Jonan said that the government will not raise the basic electricity tariff from July 1 to December 31, 2017. “We will do our best not to raise the tariff from July 1 to December 31. We need the extraordinary competitiveness of industry. The president has asked not to raise the electricity tariff,” the minister stated on Wednesday. He also explained that regarding the basic electricity tariff (TDL) for housing, […]

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Indonesia: Number of Foreign Tourists Grows 26.66 Percent, Mostly from China

TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) chairman Suhariyanto said that foreign tourist arrivals in May 2017 hit 1.16 million. The figure was an increase compared to April 2017 or 26.66 percent compared to May 2016. “It’s an encouraging trend because the number of foreign tourists rises consistently month-over-month,” Suhariyanto told a press conference in BPS […]

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Indonesia: 7 – Eleven Must Provide Transparency, OJK Says

TEMPO.CO, Jakarta – Nurhaida, the Financial Services Authority’s director for market supervision, asks 7-Eleven’s holding company Modern Internasional’s (IDX: MDRN) to provide transparent public disclosure following the closing of all 7-Eleven stores in June. Nurhaida said the 7-Eleven’s closing has become a public discourse. “Because their parent company is an open company, then in accordance to provisions, there must […]

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