TEMPO.CO, Jakarta – The Bank Indonesia (BI) board of governors meeting has resulted in a decision to maintain the Seven-Day Reverse Repo Rate at 4.25 percent, with the deposit facility interest rate maintained at 3.50 percent. BI has also decided to maintain the Lending Facility interest rate at 5.00 percent. The decisions made at the meeting that was held on […]
Read MoreTEMPO.CO, Jakarta – Bitcoin Indonesia CEO Oscar Darmawan says that Bitcoin is not a currency. Therefore, he expects the government to issue a regulationon its exchange market or plant. Oscar agrees with Bank Indonesia’s decision not to recognize Bitcoin as a currency. “We agree with BI regulation and we support it,” he says in Jakarta yesterday. Oscar explains that […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia never issue a permit to use candy as a means of transaction replacing rupiah. The use of candies instead of cash for a small exchange mostly found at modern retailers or groceries. Djoko Raharto, Head of Bank Indonesia representative office in Kediri stated that his office strictly bans the use of candy as a payment […]
Read MoreTEMPO.CO, Jakarta – Secretary General of Indonesian Ulemas Council (MUI) Anwar Abba has called on the public to reduce the use of US dollars for international transactions to press US President Donald Trump to withdraw his policy recognizing Jerusalem as Israeli capital. “If Donald Trump does not pull himself away from the Jerusalem issue, we need to gradually […]
Read MoreTEMPO.CO, Jakarta – The government had stated that intangible goods would be slapped with import duty starting January next year. Intangible goods imported electronically would be charged with import duty although Indonesia is still bound by moratorium of the World Trade Organization (WTO), said Coordinating Minister for Economy Darmin Nasution. Under the WTO moratorium, developing countries are not […]
Read MoreJakarta’s city-owned retailer Sarinah department store is set to go online this month as part of an effort to collect Rp 500 billion (US$36.9 million) in revenue next year. The decision came after Sarinah was named the official retailer for 2018 Asian Games merchandise. Sarinah president director GNP Sugiarta Yasa expressed his optimism that the […]
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