TEMPO.CO, Jakarta – Bank Indonesia (BI) said the national foreign exchange (forex) reserves at the end of January reached US$131.98 billion. The figure represents a 1.36-percent monthly increase from December 2017’s US$130.20 billion. BI’s executive director for communications Agusman said the forex reserve increase was largely due to an increase in tax revenues and the government’s share […]
Read MoreCentral Sulawesi’s economy expanded by 7.14 percent in 2017, supported by significant growth in the industrial sector. Yet the figure marks a slowdown from 2016, when growth was recorded at 9.98 percent. The mining industry and the processing industry grew by 15.2 percent and 11.3 percent respectively, while the electricity and gas industry grew by […]
Read MoreThe Central Statistics Agency has revealed that the Jakarta economy grew 6.22 percent year-on-year (yoy) in 2017, higher than the 5.88 percent recorded in the previous year. Last year’s growth in the capital was also higher than growth at the national level, which was recorded at 5.07 percent. The deputy director of Bank Indonesia’s representative […]
Read MoreCambodia and Indonesia agreed to cooperate to boost their tourism markets, particularly by enhancing air connectivity and by jointly managing their most iconic tourism sites. During an official visit to Indonesia last week, Prak Sokhonn, the Cambodian Minister of Foreign Affairs and International Cooperation, suggested both governments work together to bolster their tourism sectors and […]
Read MoreTEMPO.CO, Jakarta – Economic analyst, Bustanul Arifin, has predicted the export volume and value of crude palm oil (CPO) and its derivatives to continue to rise in the next 10 years. He made the statement in Jakarta on Monday to respond to data from the Central Bureau of Statistics (BPS), which showed that Indonesia`s trade balance in 2017 […]
Read MoreTEMPO.CO, Jakarta – At the session of National Committee for Sharia Finance, President Joko Widodo (Jokowi) has remarked that the potential of Islamic finance development in Indonesia is very great, considering the country has largest Muslim population in the world. Therefore, he urged related parties to be serious to work on this potential. “I see that this […]
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