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Indonesia: Govt Hopes Industrial Zones to Attract Rp250 Trillion Investment

TEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said the government hopes that 13 industrial zones in the country are expected to attract Rp250.7 trillion worth of investment in 2018. “The government has provided improved investment facilities in the industrial zones, among others, through fiscal and non fiscal incentives and the formation of task forces to make available gas […]

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Indonesia: Money in circulation up 12% in 2018

The amount of money in circulation in 2018 is predicted to grow by 10 to 12 percent from Rp 694.8 trillion (US$5.18 billion) in 2017, on the back of many political agendas stimulating the economy. Bank Indonesia (BI) money management head Suhaedi said the central bank projected the average growth of the total currency in […]

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Indonesia: Foreign Exchange Reserves Rose 5bn USD in December 2017

TEMPO.CO, Jakarta – Bank Indonesia (BI) reports that Indonesia`s foreign exchange rose on a month-on-month basis in December 2017. “As of December, it exceeded US$130 billion,” The BI Governor Agus Martowardojo said in Jakarta on Thursday, January 4. Indonesia’s foreign exchange reserves at the end of the year rose around US$5 billion as compared with the previous month. The central […]

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Indonesia: Domestic Factors Cause Rupiah’s Strengthening: BI

TEMPO.CO, Jakarta – The rupiah strengthened against the US dollar at the start of 2018 thanks to the improving domestic economy, Bank Indonesia (BI) Governor Agus Martowardojo said. “I think the confidence in the domestic economy has played a great role,” he stated on Wednesday. The improving domestic economy is reflected by the rising inflow of foreign fund […]

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Indonesia: Commodity Prices Soar Due to Bad Weather

TEMPO.CO, Jakarta – Data from the Trade Ministry show that commodity prices soared on January 2-3. The commodities are rice, wheat, soybean, meat, eggs, onion, instant noodles and beans. Director General of Trade for the Trade Ministry Tjahya Widayanti said that the price increase was caused by bad weather that has occurred since the end of last year. Bank […]

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