The management of Indonesian ride-hailing app Go-Jek has confirmed a report that the company is eying an expansion to Vietnam but declined to reveal any details. “We cannot talk about the details yet, but yes, we have a plan to explore [business opportunities] there. When we are ready, we will make an announcement,” said Nila […]
Read MoreBank Indonesia (BI) has projected that the country’s current account deficit will reach 2.3 percent in 2018, higher compared to consensus estimates of 2.0 percent, as imports continue to rise against exports. “In the first quarter we booked a current account deficit of 2.1 percent; in one year it can be 2.3 percent or around […]
Read MoreTEMPO.CO, Yogyakarta – Communication and Information Minister Rudiantara said his ministry had shut down some 3,000 accounts and websites with contents about radicalism. Of the accounts closed, more than half are social networking accounts like Facebook and Instagram. “The second highest number or radical accounts came from Youtube,” Rudiantara said in Yogyakarta on Monday, May 21. Rudi said that […]
Read MoreIndonesia will start its quest for the Uber Cup women’s championship title this year with an opening group stage match against Malaysia in Bangkok on Monday afternoon. It is going to be an important match for both countries as they seek a solid foundation to reach the knockout round. In Group D, Indonesia finds itself […]
Read MoreBank Indonesia’s (BI) decision to raise its reference rate by 25 basis points on Thursday has had almost no effect on either the rupiah exchange rate or the stock market. On Friday morning, the rupiah weakened by 0.63 percent to Rp 14,134 against the US dollar, according to Bloomberg. Other regional currencies also weakened against […]
Read MoreBank Indonesia (BI) has raised its policy rate as it seeks stability amid lingering external pressures, while hinting at further increases down the line. The central bank’s seven-day reverse repo rate was increased by 25 basis points to 4.50 percent, while lending facility and deposit facility rates were also raised by 25 bps, to 5.25 […]
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