Indonesian banks will see “more than 12%” loan growth in 2018 thanks to a recovering global economy and a pick-up in commodity prices, the country’s financial regulator said. Wimboh Santoso, head of Indonesia’s Financial Services Authority (OJK), said he was confident the sluggish bank lending that has hobbled South-East Asia’s biggest economy was coming to […]
Read MoreIndonesia’s foreign debt reached US$375.5 billion in late January or a 10.3 percent growth compared to the same month last year, Bank Indonesia (BI) said on Thursday. The central bank added that the increase in foreign debt was mostly used to finance infrastructure projects and other productive activities. It said the government and BI debts […]
Read MoreThe Central Statistics Agency (BPS) has warned the government about the trade deficit. “The February trade deficit was lower than in January, but it needs serious attention because it occurred for three consecutive months,” said BPS head Suhariyanto in Jakarta on Thursday. BPS announced that Indonesia booked a US$116 million trade deficit in February, bringing […]
Read MoreTEMPO.CO, Sarawak – The Indonesian Ambassador to Malaysia Rusdi Kirana is committed to opening more doors for cooperation between the two neighbors. To date, Malaysia has been the bigger investor to Indonesia. “In my capacity as ambassador, I want to say that Indonesia and Malaysia are neighbors. That is our nature. There is no need for bickering, and if […]
Read MoreTEMPO.CO, Jakarta – Coordinating minister for security, political and legal affairs Wiranto assured on Wednesday that implementation of elections in the country this year and next year would not disrupt investment security. Security will be maintained, he said. “Although there will be regional elections in 2018 and legislative as well as presidential elections in 2019 we can […]
Read MoreThe biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange. Indonesia Digital Asset Exchange, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of the year, according to chief executive […]
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