TEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that Indonesia foreign debt until November 2017 amounted to USD 347.3 billion. The number is a 9.1 percent increase year on year (YoY). Based on borrower group, the public sector experienced a significant increase in foreign debt. Through the Foreign Debt Statistics, the central bank published that the position of the public sector foreign debt […]
Read MoreTEMPO.CO, Jakarta – App-based ride-hailing service Go-Jek complied with the request of Bank Indonesia to stop the company`s trial of the QR-based electronic payment. “Bank Indonesia has recently asked Go-Pay to end the trial period. We are currently obeying the request,” said Go-Pay Chief of Compliance Officer Budi Gandasoebrata in a press release on Tuesday, January 16. Go-Jek trial tested their […]
Read MoreTEMPO.CO, Jakarta – Coordinating Economy Minister Darmin Nasution admitted that the problem of data on harvested area and rice production has various differences. Therefore, Darmin said, the government asked the Central Statistics Agency (BPS) in cooperation with the Assessment and Application of Technology (BPPT) to make data collection and estimation on the area of planting and harvesting and rice […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Government is set to improve six indicators ease-of-doing-business indicators that are slightly underperforming. The indicators, ranked outside of the top 100, include starting a business (144), dealing with construction permits (108), registering property (106), enforcing contracts (145), paying taxes (114), and trading across borders (112). “We will focus on the underperforming indicators,” […]
Read MoreBank Indonesia (BI) has teamed up with the National Police to prevent transactions using cryptocurrency bitcoin in Bali after the central bank declared it an illegal form of payment in Indonesia. “We are looking out for bitcoin transactions in Bali, particularly in tourist spots. We will take measures against non-rupiah transactions,” said BI’s Bali office […]
Read MoreIndonesia posted a US$270 million trade deficit in December as a result of a decline in non-oil and gas exports, the Central Statistics Agency (BPS) has said. Total exports in December reached $14.79 billion, a 3.45 percent decrease from the previous month, while imports were recorded at $16.06 billion, a 0.29 percent decrease from the […]
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