JAKARTA: Indonesian exporters must keep their earnings in the country to support efforts by the government to rein in the current-account deficit and shield the rupiah, Finance Minister Sri Mulyani Indrawati said. While legislation protects the free movement of capital, authorities want to tighten some rules on exporters amid a rout in the currency, Indrawati […]
Read MoreThe government aims to increase trade with Vietnam to US$10 billion annually from $6.8 billion, last year, with President Joko “Jokowi” Widodo on a visit to the country. Jokowi arrived in Hanoi on Tuesday after concluding his visit to South Korea. “In the last three years, our trade with Vietnam had seen an increase to […]
Read MoreBank Indonesia is in the process of standardizing payments using QR codes by forming a special working group that includes representatives of payment service providers. BI sought industry input following its completion of the first phase of the standardization pilot test, according to PT Rintis Sejahtera executive vice president for marketing Hermawan Tjandra. Anthoni Morris, the […]
Read MoreState-owned airport operator PT Angkasa Pura II (AP II) is inviting private investors to take part in the development of 11 airports under its management. AP II president director Muhammad Awaluddin said in Jakarta on Monday that by involving private investors and alternative financial sources, the airport development could be accelerated. “With such schemes, we can cut 50 percent of the […]
Read MoreWest Kalimantan Governor Sutarmidji has said Korean companies Hyundaiand LG will construct biodiesel factories in the province amid the government’s effort to expand the domestic use of the fuel through its mandatory 20 percent blended biodiesel ( B20 ) policy. “We welcome the plan. The opening of the downstream business is in line with the [increasing] demand for biodiesel,” said West Kalimantan Governor Sutarmidji in […]
Read MoreThe government has assured there will be no increase in subsidized fuel prices amid calls from economists who say a fuel-price hike would help ease the current account deficit (CAD). “The [subsidized] fuel price will be maintained,” said state-owned oil and gas holding company Pertamina vice president of communications Adiatma Sardjito on Sunday as reported […]
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Thailand
