Indonesia’s car sales in September fell 5.3% from a year earlier, data released by automotive industry association Gaikindo on Thursday showed. Automakers sold 87,645 units of cars in September, down from 92,541 units in the same month last year. On a monthly basis, car sales fell nearly 10 percent from 97,256 in August. Sales for […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Cigarette Manufacturers Association (Gappri) said that tobacco excise hikes in the last three years have resulted in increasing illegal cigarette trade in Indonesia. Gappri chairman Ismanu Soemiran said that the cigarette production has declined over the years following the hikes. “In the past three years, it declined 1 percent per year. If tobacco excise […]
Read MoreTEMPO.CO, Jakarta – Malaysian Deputy Minister in Prime Minister’s Department Dato Razali stated that Indonesia, under the administration of Jokowi – Jusuf Kalla, appreciates and honors foreign investments and is serious in improving Indonesia’s ease of investments and businesses. Malaysian FIC Properties Sdn Bhd (FICP), which is a subsidiary of the state’s Federal Land Development Authority (FELDA), has acquired […]
Read MoreTEMPO.CO, Jakarta – After three years of co-branding with its parent company, Islamic BankSyariah Mandiri (BSM) has decided to issue its own electronic money. The company’s official said the plan will be carried out next year. “Our business plan for 2018 is to become an e-money issuer,” The bank’s distribution and services director Edwin Dwidjajanto said on Monday, […]
Read MoreTEMPO.CO, Jakarta – The Financial Service Authority’s (OJK) Investment Task Force shut down 14 fund-collecting organizations in October. They are under suspicion of frauds or for operating without licenses. “They are operating without a license or are offering products that may hurt investors’ finances, because the return rate they promise is ridiculous,” the task force’s chief Tongam […]
Read MoreTEMPO.CO, Solo – The ratio of entrepreneurship in Indonesia currently reaches 3.01 percent,Cooperatives and Small and Medium Enterprises (UKM) Minister Anak Agung Gede Ngurah Puspayoga stated in Solo. “The figure of the ratio is higher compared to that of 2014 or before President is in office, which was 1.55 percent,” he said in di Solo on Saturday (22/10). He added that the realization of entrepreneurship ratio […]
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