Indonesia recorded deflation of 0.05 percent in August on the back of decreasing foodstuff prices, while the start of the school year resulted in inflation in the education spending category, Statistics Indonesia (BPS) announced on Monday. August’s deflation is in contrast to the 0.28 percent inflation recorded in the previous month. The latest figure brought year-to-date (ytd) inflation to 2.13 percent, while year-on-year […]
Read MoreThe United States has made the decision to exempt 19 Indonesian steelproducts, namely carbon and alloy and stainless steels, from its 25 percent tariffs, Trade Minister Enggartiasto Lukita has said. The US government’s decision was made on Aug. 2, said Enggartiasto, claiming that it came as a result of an Indonesian mission to Washington from July 23 to 27. Led by the minister himself, the mission included a meeting on trade issues with […]
Read MoreA Danareksa Research Institute (DRI) survey shows that the consumer confidence index (CCI) in August has retreated from 101.6 to 97.5 following a 4.7 percent increase in the previous survey, with consumers responding more negatively on the current economic conditions. The two main factors that caused the CCI to decline were the present situation index (PSI) – consumer sentiment toward current conditions – and the expectations […]
Read MoreBank Indonesia started on Monday to punish corporations or individuals who violate a Bank Indonesia regulation that limits the amount of of foreign banknotes that can be carried when crossing the Indonesian border. With the enforcement of Bank Indonesia Regulation (PBI) No. 20/2018 on the revision of PBI No. 19/7 2017, only licensed institutions – banks and […]
Read MoreState-owned oil and gas holding company Pertamina and state-owned telecommunication company Telkom signed on Friday an agreement to apply digital technology to monitor 5,518 gas stations nationwide. With the digital technology, Pertamina will be able to monitor fuel stocks in all tanks at gas stations, the amount of fuel distributed and the revenue from sales […]
Read MorePresident Joko “Jokowi” Widodo welcomed the billionaire co-founder of Chinese e-commerce giant Alibaba, Jack Ma, at Bogor Palace on Saturday. The President and the billionaire held a meeting partly to discuss the Asian Games 2022, which will be held in Hangzhou, China. Hangzhou is the city where Ma lives, as well as the location of […]
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