INDONESIAN authorities are preparing data and assessing current industry conditions to be ready in the event that the government decides to bring in a ban on tin exports, a senior mining ministry official said on Wednesday (Oct 19). The South-east Asian country, which is the world’s top tin exporter, has already moved to halt shipments […]
Read MoreJAKARTA : Indonesia will strive to maintain its position as a relative economic “bright spot”, amid a risk of a global recession next year, its finance minister said on Wednesday, underlining the country’s relatively resilient financial markets. Sri Mulyani Indrawati warned that the world is facing the risk of stagflation next year, pointing to the […]
Read MoreINDONESIA’S central bank governor on Wednesday reiterated he sees no need for an aggressive monetary tightening despite inflation running at its highest level since 2015. In comments made a day before he is due to hold a news conference announcing the result of the bank’s interest rate review, Governor Perry Warjiyo told a seminar Indonesia’s […]
Read MoreINDONESIA will offer generous incentives, including a 30-year tax break, for companies investing in a US$32 billion project to build a new capital city in the country called Nusantara, an official said late on Tuesday. Bambang Susantono, head of the Nusantara National Capital Authority, made the comments at a gathering with hundreds of local and […]
Read MoreBANK Indonesia (BI) will deliver a second successive half-point interest rate hike on Thursday (Oct 20) in an attempt to catch up with its peers and curb inflation stemming partly from a weaker rupiah, a Reuters poll found. Relatively lower inflation allowed the central bank to hold off with raising rates until August. But in […]
Read MoreIndonesia is setting a three-year deadline for all state-owned companies to use only electric vehicles as part of its goal of reaching net zero emissions by 2060. The government will also push state-run bus operators Perum PPD and DAMRI to fully electrify their fleet, said State-Owned Enterprises Minister Erick Thohir, without giving a timeline. They have […]
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