JAKARTA (BLOOMBERG) – Indonesia’s economy expanded at a slower pace last quarter than economists had forecast, a setback for the government after eight interest rate cuts in the past two years. Gross domestic product rose 5.06 per cent in the first quarter from a year earlier, the statistics bureau said in Jakarta on Monday (May […]
Read MoreTEMPO.CO, Yogyakarta – Yogyakarta Administration encourages all business actors, micro, small and medium (MSMEs) in the local area to compete globally with go online. “With ‘go online’, I am sure the trend of MSMEs sales will be easier to increase,” said Head Field of MSMEs Cooperative and Yogyakarta MSMEs Agus Mulyono in Yogyakarta, Sunday. Agus said the […]
Read MoreTwo weeks before the start of Ramadhan, basic commodity prices have begun to increase in several regions. According to data from Jambi’s Industry and Trade Agency, prices of several commodities, such as chili and chicken, have increased in the last three days. The price of chicken, for example, has increased from Rp 36,000 (US$ 2.58) to Rp 40,000 per kilogram. Meanwhile, the […]
Read MoreThe Energy and Mineral Resources Ministry has canceled its plan to introduce the domestic market obligation (DMO) policy on oil. The planned policy was intended to help state-owned oil and gas company Pertamina purchase oil for the domestic market according to the state budget’s assumption on Indonesian Crude Oil prices (ICP). The ministry’s oil and […]
Read MoreIndonesia’s central bank said it won’t hesitate to raise interest rates to stabilize the rupiah, but that plan faces a hurdle in the form of Indonesians who aren’t spending enough. Weak consumer spending meant that the average earnings of companies in the Jakarta Consumer Goods Index, the worst performer in the benchmark Jakarta Composite Index this […]
Read MoreTEMPO.CO, Jakarta – Chevron IndoAsia Business Unit Managing Director Chuck Taylor said that the multinational energy corporation appreciates the Indonesian Government’s decision to simplify regulations in the oil and gas sector, which he values would create a more competitive climate within the industry. “With a competitive investment climate completed with the reserves that exist, Indonesia has the chance to […]
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