Indonesia and Palestine have signed a Memorandum of Understanding (MoU) to exchange zero tariffs for particular goods to improve their bilateral trade, Trade Minister Enggartiasto Lukita announced Wednesday. “On the sidelines of the WTO ministerial conference in Argentina recently, we signed the MoU with Palestine as instructed by our President to implement the OIC [Organization of Islamic […]
Read MoreTEMPO.CO, Jakarta – Bali earned US$1.34 million from the exports of processed fish and meat in October, 2017, up 2.08 percent from US$1.31 million in previous month. “The export earning, however, was 51.67 percent lower in comparison with US$2.77 million recorded in October, 2016,” head of the statistic department of Bali`s Central Bureau of Statistics I Gede Nyoman […]
Read MoreTEMPO.CO, Jakarta – The Indonesian special envoy for the Middle East and the Organization of Islamic Cooperation, Alwi Shihab, said that regulations are hampering Middle East investment despite the fact that President Joko Widodo had visited countries across the regions to attract investors. In bilateral talks, Alwi said, Jokowi was accompanied by his economic team to convince […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani recently said that urbanization has a positive effect towards the country’s economic growth. She said that urbanization has driven household consumption, investments, up to government spending. “It further impacted the economic growth,” she said during a seminar entitled ‘Managing Urbanization for Sustainable Cities’ today, Dec. 19. She argued that urbanization is also […]
Read MoreTEMPO.CO, Jakarta – Economic improvement in Indonesia is predicted to continue in 2018, Financial Service Authority (OJK) head of Region I Jakarta-Banten Bambang Widjanarko stated. The economic improvement is supported by the growth of investments, especially through infrastructure development, he said on a seminar entitled “The Role of OJK in Indonesia Economy “, in Tangerang, Banten, on Saturday (17/12).”Foreign investors also indicate a high level of trust in […]
Read MoreTEMPO.CO, Jakarta – The Indonesia Stock Exchange (IDX) revealed that stock ownership of foreign investors throughout this year keeps increasing to Rp 1.878 trillion compared to the end of 2016 with Rp 1.691 trillion. “Statistically, foreign investors are recorded to reach gross sales throughout this year as much as Rp 40.37 trillion. However, at the same time, the ownership value increases. It means, only profit that is released,” BEI chairman Tito Sulistio explained in Denpasar on Saturday […]
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