Indonesia is expected to record year-on-year (yoy) economic growth of 5.1 percent this year amid increasing exports and investment, Bank Indonesia (BI) has announced. BI Governor Agus Martowardojo said economic conditions in 2017 were better than in 2016, although the recovery was slow. Gross domestic product (GDP) growth in the first, second and third quarters ranged […]
Read MoreTEMPO.CO, Jakarta – A market researcher GfK Indonesia predicts that consumer spending for communication devices and household utensils will continue to grow in 2018. The company’s research revealed that the consumption of telecommunication gadgets will improve by 7.8 percent, while household utensils will grow 5 percent by year-end. This opportunity was responded well by e-commerce companies as one of […]
Read MoreThe government has announced its plans to develop the Nabire Port in Papua as feeder port for the province, for both cargo and passenger ships. President Joko “Jokowi” Widodo said on Thursday in Nabire Regency, Papua that the construction to expand the port would start in 2018. After its expansion, Nabire Port will be able […]
Read MoreIndonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The rating on the nation’s long-term, foreign currency-denominated debt was raised one level to BBB with a stable outlook, Fitch said in a […]
Read MoreKUALA LUMPUR: Malayan Banking Bhd and its Indonesian arm, PT Bank Maybank Indonesia, emerged as the safest banks operating in their respective countries, according to a country-by-country ranking by Global Finance Magazine. In a statement, Global Finance said banks were selected through an evaluation of long-term foreign currency ratings from Moody’s, Standard and Poor’s and […]
Read MoreTrade Minister Enggartiasto Lukita said on Wednesday he had signed six regulation drafts to relax import procedures and requirements for six types of commodities in a bid to help small and medium enterprises (SMEs) procure raw materials. The drafts will be passed to the Law and Human Rights Ministry for validation and are expected to be applicable early next […]
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